Bauhaus sales goes up
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Despite fewer shops, apparel company Bauhaus International saw same-store sales edge up for its year to 31 March.
While the rise was 3 per cent for its self-managed offline shops for the 12 months, the last quarter saw sales jump 12 per cent.
Bauhaus designs and makes apparel and accessories which it wholesales and retails under its brand names including Bauhaus, Salad and Tough, and retails third-party labels including Superdry.
At the end of the year, the group had 182 self-managed stores, 14 fewer than 12 months earlier.
An extra outlet in Mainland China took its total there to 26 shops, while Taiwan’s total dropped by nine to 82, and six store closings in Hong Kong and Macau saw the year end with 74 shops.
Questions & Answers
Q.What contributed to the overall sales increase for Bauhaus International despite a reduced store count?
What contributed to the overall sales increase for Bauhaus International despite a reduced store count?
The company saw same-store sales edge up, with a 3 per cent rise for its self-managed offline shops over the full year. The last quarter, specifically, experienced a significant 12 per cent jump in sales.
Q.How did Bauhaus International's store network change across its key markets over the past year?
How did Bauhaus International's store network change across its key markets over the past year?
The group reduced its total self-managed stores by 14 to 182. This included one new outlet in Mainland China, a drop of nine stores in Taiwan, and six closures across Hong Kong and Macau.
Q.What types of brands does Bauhaus International retail through its stores?
What types of brands does Bauhaus International retail through its stores?
Bauhaus retails its own brand names, including Bauhaus, Salad, and Tough. It also sells third-party labels, with Superdry being mentioned as one example of these external brands.
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