British Fashion Retailer River Island2015 Profit Regression

Under the grim situation of high street retailing, Britain

Retailers River Island Clothing Co. Ltd. 2015 annual revenue has not been able to achieve growth and profits have even regressed.

According to the information submitted by the River Island Clothing Co. Ltd. to the British companies registry, the group's revenue increased to 931 million 600 thousand pounds in the year before December 26, 2015, up to 932 million 700 thousand pounds, a slight increase of 0.1%.

Operating profit fell slightly from 0.5% to 145 million 800 thousand, compared with 146 million 600 thousand a year ago.

Since its establishment 68 years ago, the group has been wholly owned by the family of founder Bernard Lewis, and its chief executive is Ben Lewis. He is the nephew of Bernard Lewis, and two other family members have joined the board.

In the 2013 fiscal year and the 2014 fiscal year, the Lewis family paid a dividend of 180 million pounds, which was zero in the past year.

Ben Lewis pointed out that the Group invested heavily in technology and talent in order to adapt to the change in consumer buying behavior and their expectation of multi-channel operation of retailers.

Recently, the group opened a new digital office in Shoreditch, London, and hired 100 employees to improve its online sales capabilities.

Last year, River Island mobile sales increased by 30%, and orders for clicks increased by 40%.

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At the same time, ASOS PLC (ASC.L), Zalando SE ZALG.DE (ZALG.DE), Amazon.com Inc. (NASDAQ:AMZN), Amazon and Zalora, etc.

Sales on partners' platforms.

Ben Lewis indicates that River Island Clothing Co. Ltd. will continue to push forward the development of physical retail. By the end of 2015, the group had 292 stores in the UK and Ireland.

For the high street retailers and clothing retail industry, Ben Lewis is cautious.

He revealed that the newly launched series of Xray codes and sports and leisure activities had a certain boost to the current sales in 2016, but the sports events and weather conditions in Europe such as Europe and the Olympic Games caused great fluctuations in sales.

The investment portfolio of the Lewis family's investment fund Lewis Trust Group Ltd. includes the British electricity supplier group The Hut Group, the India fashion business Jabong Jabong and the Southeast Asian fashion business Zalora Zalora incubator Global Global.