Lingerie firm Triumph International has reported lower UK sales and profits as it counted the cost of department stores it works with shutting sites.
The Swiss firm, which owns the Sloggi and Triumph brands, made the move to close its own standalone UK shops in 2017 and now sells online or through concessions here in stores such as House of Fraser and Debenhams.
A number of chains it works with have closed branches as part of company restructures or administrations.
UK sales last year dipped to £28.5 million from £29.9 million, and pre-tax profit fell to £590000 from £1.2 million.
In accounts just filed it added that risks and uncertainties include: “Customer wholesale trading conditions remain challenging due to changing consumer behaviour from retail to online purchases, business rates and wage increases, customer CVAs, uncertainty and inflationary effects affected by Brexit.”
The company is hoping to get a sales lift from a new ‘fit smart bra’. It features 4D-engineered stretch lace that moves and adapts to the body.