Ann Summers Profits Up 129%

Ann Summers franchise
Ann Summers A taste of summer

Ann Summers is a globally recognised and iconic brand that is known for being daring, provocative, and sticking to the company's promise

Published on

The quintessentially British and erotic lifestyle retailer Ann Summers announced yet another great year of rock solid trading in the period ending in June 2016 with profits skyrocketing by 129% over the previous year. Despite a slight decline from £105m to £102m in turnover, the company’s operating profit for the year was £0.8m.

The winning figures bear witness to how Ann Summers strategies of refurbishment programme and a new e-commerce platform seem to have paid off. The brand’s 4 new shops and 5 refurbished stores have outperformed other stores in their portfolio and their new e-commerce platform with Demandware has delivered a new and improved shopping experience, helping drive steady customer conversion. The retailer has also seen their wholesale business grow exponentially with new partnerships such as the House of Fraser online concession.

The British multinational retailer specialising in lingerie, erotic lifestyle and accessories plan to push production innovation a notch or two by expanding on wholesale and improving the online shopping experience by overhauling its core IT infrastructure to give the web platform new functionalities. With over 140 high street stores across the UK and Ireland, plans to develop overseas and its operating profits on the rise, potential partners and franchisees are welcome to join the party.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These franchises may interest you
Apollo Care franchise

Apollo Care

Apollo Care is a nurse-led home care service designed to give vulnerable adults high-quality care in their homes, where they feel most [...]

Read more ›
Minimum investment
£18,000
Personal & Home Care Services
Request
information
Agency Express franchise

Agency Express

Agency Express is the UK’s largest provider of professional estate agency board services.

Read more ›
Minimum investment
£12,500
Van Based
Request
information
Shakeaway franchise

Shakeaway

Shakeaway is a unique Global Company with stores popping up all over the world! Get involved in this fun fast growing profitable franchise now [...]

Read more ›
Minimum investment
£40,000
Food
Request
information
RE/MAX England & Wales franchise

RE/MAX England & Wales

Dream higher with a RE/MAX England & Wales franchise. Elevate your career, realise your vision, and move toward financial freedom with the [...]

Read more ›
Minimum investment
£10,000
Estate Agency & Property
Request
information
These articles may interest you

What awaits you at Franchise Expo Paris 2024

Decades of Evolution: Franchise Expo Paris Reflecting Market [...]


FRANCHISING EVENTS

Celebrating the best of the best in British franchising

The Elite Franchise Top 100 (EF100) is thrilled to announce the latest [...]


FRANCHISING EVENTS

The Future is Halal: Emerging Franchise Opportunities in the UK Halal Market

Embracing a Growing Market  In a world that’s becoming [...]


TOP FRANCHISES

8 Steps for Opening a Car Repair Garage

Transport is part of our daily lives. We drive to work, take the [...]


STARTING A FRANCHISE

Mastering How to Finance a Franchise with No Money

Franchising is often a more affordable way of becoming an [...]


FINANCING A FRANCHISE

0 Comments

Post a comment

Characters remaining: 250