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23 December 2011

News - TM Lewin head overseas for sales drive


By Ben Turner @ 09:02 :: 1466 Views :: 2 Comments :: Article Rating
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Businesswear clothes retailer TM Lewin have announced a sales drive overseas to try to double group sales over five years following a recent UK slowdown. TM Lewin, which supplies shirts, blouses and accessories to men and women, also revealed that it had broken through £100 million of sales for the first time.

The company said sales jumped 20 per cent to £100.4m in the year to 26 February. Underlying earnings climbed 5 per cent to £14.7m as profit margins were squeezed by higher cotton prices.

However, Lewin also revealed that sales growth slowed to 9 per cent in the following six months to 27 August, but including 26 per cent international sales growth.

Overseas sales were helped by strong demand from its seven stores in Malaysia and Singapore. The division was also helped by robust online orders in the United States and Australia.

Lewin said it planned to boost foreign sales from £13m to £88m by 2016 to capitalise on overseas demand – with the aim of making the overseas arm as big a sales contributor as the domestic business.
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Comments
comment By mike33 @ 24 July 2012 01:01
I thing there is so much that you can get from these sales drive. I also think it is a good idea to do this. The options are endless with this. brain injury lawyers orlando

comment By ron shimoff @ 01 September 2012 09:09
Its a great post which highlights an interesting subject. We should consider third worls markets as a viable option.

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