|
Profits at adolescent women’s appearance alternation Oasis accept
bigger decidedly this year, signalling a turnaround in its performance.
Oasis, which is operated by Mosaic Fashions, said that pre-tax profits are up by 20 per cent back the end of January.
Mosaic Appearance arch controlling Derek Lovelock said: “It is
accumulation alternation and ambit improvements and bigger banal
management, which drives the gross margin.”
Mosaic Fashions - which is backed by Icelandic retail
investment accumulation Baugur - owns six womenswear appearance brands
including Karen Millen, Coast and Oasis, as able-bodied as shoe brands
such as Nine West and Pied a Terre.
Mr Lovelock said that gross margins at Oasis are up by 6 per
cent back the end of January, although he beneath to say to what it had
improved.
While the retailer’s gross allowance is “significantly” up, Mr
Lovelock said its like-for-like sales were “slightly down” over the 5
ages period.
Oasis targets women age-old amid 18 and 30 years old and
operates 111 standalone food and 164 concessions in the UK and Ireland.
Overseas, Oasis trades from 23 company-owned stores, 63 authorization
food and 64 concessions in China through a collective venture.
| 
