WE International, the parent company of WE Fashion, made a profit of 41.8 million euros in the past financial year. This means that the company has converted the loss into profit, Retailtrends reports based on the filed financial statements. The company previously recorded a loss of 17.3 million euros.
The turnover in the past financial year, which ran until January 31 of 2022, amounted to 261 million euros. This means that WE International is almost back to pre-coronavirus levels in terms of turnover. A year ago, the turnover was still 206 million euros, according to Retailtrends.
Online sales are reported to have surged during the fiscal year, but exact numbers are not given. The physical stores performed better than during the first corona period, according to Retailtrends. More than half of the turnover came from the Netherlands.
Source: fashionunited.nl by fashionunited.nl.
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