Bauhaus sales edge up
Despite fewer shops, apparel company Bauhaus International saw same-store sales edge up for its year to 31 March.
While the rise was 3 per cent for its self-managed offline shops for the 12 months, the last quarter saw sales jump 12 per cent.
Bauhaus designs and makes apparel and accessories which it wholesales and retails under its brand names including Bauhaus, Salad and Tough, and retails third-party labels including Superdry.
At the end of the year, the group had 182 self-managed stores, 14 fewer than 12 months earlier.
An extra outlet in Mainland China took its total there to 26 shops, while Taiwan’s total dropped by nine to 82, and six store closings in Hong Kong and Macau saw the year end with 74 shops.