Half-year Report

by deepika

We additionally improved the product range, in particular reinvesting again into our jersey, knitwear and nightwear choices. Our fast fashion sub-range Simply Be Unique continues to outperform significantly, with demand up 67% within the second half, led by going out tops and our new beneath £30 party dress offer. Denim was a key category outperformer throughout the year, with jeans up 14% in the second half, led by our Shape and Sculpt assortment.

Advertising will doubtless be the main focus in the Spanish market going forward – and it’s the wider uncertain political setting that will affect if and, more likely, when an Italystyle ban could go ahead. Indeed, Prime Minister Pedro Sanchez and the ruling PSOE party are facing a fresh basic election on 10 November – the 2nd this 12 months. Sanchez has pledged closely to manage gambling promoting, much like tobacco , and reiterated this as a part of the 300 proposals he announced on 3 September. This might have been in a final try to courtroom fellow left-wing celebration Podemos into forming a coalition. Podemos takes a similar approach to on-line playing in its manifesto.

The governments of Quebec, British Columbia and Ontario operate interactive gaming, and the Kahanawake tribe licenses and hosts interactive playing exercise. In-play sports betting was not specifically referenced within the first wave of regulation; it’s permitted by a variety of the autonomous regions. IPoker is open to EU liquidity pool, betting exchanges are ring-fenced. Currently Szerencsejáték is the one legal supplier of Interactive merchandise, it presents sports betting, casino gaming and varied lottery video games.

The performance of our retailer property continues to be impacted by weak business footfall. As a consequence, we aren’t planning to open any new stores in the future. We proceed to take actions to deal with underperforming shops and enhance the overall tell programming language inventor from serial profitability of the estate. For FY18, some important price will increase for a few of our stores represents an additional price headwind. Fashion World was the strongest performer, up mid-single digit year-on-year pushed by elevated spend per buyer.

Marisota, which is now predominantly used as a product model focusing on fit options, saw a strong performance. Had a robust FY17 efficiency, with product revenue up 9.9% to £114.2m. Secondly, we are in discussions with numerous retailers to sell capsule collections of our brands by way of their sites. This technique enables us to grow in scale, enhance brand consciousness and entry new prospects.

Indeed, it has already sponsored an initiative in Madrid where the tv networks EiTB and Telemadrid now prohibit playing advertising at their stations. Overall, it seems probably that Spain will see more and more conservative laws round gambling advertising, and presumably a full Italy-style ad ban. The current political limbo is prone to be the important thing decider of timing.

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