To deal with its falling profits, Bestseller aims to innovate its digital operations besides incorporating sustainability in its operations. Danish fashion retail giant’s sales rose by 7 per cent to €3.5 billion in its 2018/19 financial year but its pre-tax profit declined by 3 per cent to €372 million.
The group, which owns its eponymous chain, plus Vero Moda and Jack & Jones among other labels, also hinted that conditions are tough in the market, even though its sales are up.
The firm’s approach of creating close partnerships with its wholesale customers has paid off in a market affected by changes and new realities. The company’s 2,750 stores in 38 markets worldwide are complemented by its products in over 20,000 multi-brand and department stores.
