Leathergoods retailers' outlook

5 March 2004

The outlook for shareholders in the UK leathergoods retail industry looks bleak, with only 11 of the top 63 largest companies delivering a good return on investment. This is according to the latest Top 63 Analysis - Leather Goods Retailers by Plimsoll Publishing Ltd. The Top 63 companies, who constitute 96% of the market, have seen organic growth plateau. As a result they are increasingly looking to capture market share from their competitors. This is creating intense competitive pressures amongst the leading players, resulting in the following alarming statistics: 52 companies are under-performing, delivering less than a 10% return on investment . The average return on investment for these 52 companies is a mere £-0.27 per £100 invested. 23 of these companies are loss making, with 13 suffering a loss for the second consecutive year. David Pattison, senior analyst at Plimsoll Publishing Ltd, comments: 'Shareholders are the unfortunate victims of unfavourable conditions at the top of the market. I am surprised at the number of leading companies failing to deliver the accepted investment benchmark of a 10% return. Directors of these companies would do well to remember their accountability and commitment to their shareholders.' Pattison continues: 'Success is achievable at the top. 11 of the major leathergoods retailers are bucking this market trend by delivering an average 28.2% return on investment. Tura Import and Export Ltd are one great example of a company delivering to its shareholders.' Plimsoll's newly launched Top 63 - Leather Goods Retailers examines each company's performance and financial health. The 2 paged analysis for each company now includes a valuation, a 12-month projection of future performance and a complete set of rankings, ratings and industry ratios. Ideal for shareholders and key company decision makers alike, this 222 page analysis is now available for £500 by calling Plimsoll Publishing Ltd on +44 1642 626400 or visiting [http://www.majorcompanies.co.uk]

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.