April 6th, 2015

Cotton On plans next stage of global growth

Cotton On Group has revealed plans to add 227 jobs in Australia and overseas this year as the Geelong-based value fashion retailer embarks on another expansion phase aimed at maintaining its five-year record of 20 percent-plus sales growth.

Cotton On Group’s sales are forecast to rise 22.5 percent in 2015 to AUD1.51 billion (USD1.17b) and the privately owned company is budgeting for 20 percent-plus growth in 2016 by opening more than 100 stores and expanding e-commerce with new online sites, improved digital content and click and collect options.

Over the next three years, the group plans to open 570 stores around the globe, taking the total to almost 1900, while lifting online sales to AUD250 million.

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