Jack Wills’ operating losses widen despite 12.8% jump in EBITDA

Endaba Group

Jack Wills has revealed an increase in operating losses from £5.78m to £8.78m for the year ending February 1 2015, despite a 12.8% jump in EBITDA. Their group turnover increased 2.1% to £132m as they opened nine new stores, which takes it total number to 79. They opened stores in Singapore and Macau and are positive about their growth opportunities in the Asian market. This is their 16th consecutive year of growth where they’ve had disruption in their supply chain, which was caused by outsourcing logistics to an external partner. They have made many changes to their central operations and believe they now have the right partners to develop the brand for the future.