Agus Ika Putra

Lovely figures rise from the hip pocket

Upmarket retailer orotongroup will keep looking for growth from the lucrative yet volatile premium youth market after a strong performance by hip label marcs helped the company yesterday post a 30 per cent increase in net profit for 2002 03.

Marcs, used by orotongroup for $22.2 million last don’t forget national, Met internal expected values in contributing a net profit of almost $800, 000 to you’re able to send record net profit of $8.35 million the 53 weeks to August 2, 2003.

The group’s profit Cheap Ralph Lauren UK on pay of $120.3 million, Upwards 37.7 per cent was received ecstatically by market players, Who drove OrotonGroup offers 75 higher, Also known as 13.5 %, Toward $6.30.

Directors yesterday strongly suggested a fully franked dividend of 13 a share, payable through december 4.

They also announced the company would to experience a 1 for 1 split of its shares, subject to investor approval, to enhance the liquidity of orotongroup shares.

Managing director ross lane said the particular organization, this owns the oroton and morrissey brands and acts as the sole australasian licensee for polo ralph lauren, expected strong earnings and capital growth in pick up.

“Earnings growth will be driven by brand off shoot, new methods like(Youth rep)Dr jeans and(Niche cross brand hold)Segment, and growth in the current brands, he explained.

Mr lane said marcs would be the focus of you can actually brand extension strategy, Cheap Ralph Lauren UK Sale with orotongroup set to launch a childrens line, smaller dresses marcs, before traditional and a youth oriented men’s wear label, scram, early make a point.

The group operates 79 stores across australasia and intends to open 10 more in 2003 04.

Yesterday’s strong outcome was achieved despite falling margins and comparable store growth of just 3.5 % in 2002 03.

“We would’ve liked a bit more, mr lane menti one d. “It releates to our ability to deliver the brands’ proposition that is, the tv at the right time at the right price in the right environment,

He said the particular business would look to improve its designs, knowledge of retail trends, commodity planning and pricing.It would also seek to improve its commercial structure, trying to consolidate costs and improve its supply chain management.