Smiggle, Peter Alexander star for Premier Investments

Smiggle, Peter Alexander star for Premier Investments
  1. Smiggle, Peter Alexander star for Premier Investments
    Premier Investments' half year profit has come in under consensus estimates, inching just 0.46 per cent higher to $71.9…

Sales from four of Premier Investment's mid-market apparel brands reversed in the first half, including a 5.8 per cent slump in Portmans' total sales for the half and a 4.1 per cent slide in Jacqui E's total sales over the same period.

Dotti's total sales fell by 0.4 per cent in the half while Jay Jays were 1.2 per cent weaker, however Just Jeans sales grew by 4.7 per cent to $114.3 million.

  • Share on Facebook SHARE
  • Share on Twitter TWEET
  • Link
Smiggles total sales are up more than 80 per cent over the past two years. Smiggle's total sales are up more than 80 per cent over the past two years. Photo: Adam McLean

But it was Premier's stationery superstar Smiggle and Peter Alexander that powered its first-half performance and ensured its net profit inched 0.46 per cent higher to $71.9 million.

In stark comparison to some of its apparel brands, Smiggle's total sales are up more than 80 per cent over the past two years to $134.7 million in the half, with total sales up 26.4 per cent on the previous period and it reports strong, global like-for-like growth.

Related Content

  • Retail job losses pile up as Marcs, David Lawrence closures begin

  • Stitched up: How global giants are squeezing out Australian fashion

Smiggle's expansion into the UK is expected to drive sales of $200 million by 2019 and there will be 50 Smiggle stores in Hong Kong and Malaysia within five years.

Peter Alexander's sales jumped by almost 14 per cent to $99.4 million in the half and the maturing leisurewear label is planning to launch between three five and seven new stores a year between calendar 2017 and calendar 2019.


Chairman Solomon Lew, who is also Premier's biggest shareholder reassured investors in February that the group's apparel labels had not been hit by the weak trading conditions that triggered the collapse of a number of high profile brands, including Marcs and David Lawrence since December.

Premier announced its underlying earnings would come in at between $92 and $93 million and it announced today a 10.6 per cent increase in underlying earnings to $93 million.

  • Share on Facebook
  • Share on Twitter
  • Link
Premier Investments CEO Mark McInnes (left) and chair Solomon Lew. Premier Investments CEO Mark McInnes (left) and ch…
  1. London attacker was 52-year old British man with a criminal history, previously investigated by MI5 - Health
    03.23 / 17:49
    Your personally curated news with six things you need to know before you get…
  2. Compounding firm looks at NDA opportunity for reformulation of Mallinckrodt's H.P. Acthar - Health
    Imprimis Pharmaceuticals says it is evaluating pursuing New Drug Application (NDA) status for some of its product reformulations through the US FDA 505(b)(2) development…
  3. Strike at BHP's Escondida copper mine in Chile to end this weekend - Health
    03.23 / 16:36
    The strike at Escondida will end after workers decided to invoke a provision that allows them to extend their old…
  4. London attack: Westminster attacker identified as British-born Khalid Masood - Health
    03.23 / 16:01
    The Westminster attacker was British-born and previously investigated by Britain's spy agency MI5 "some years ago" for violent extremism, Prime Minister Theresa May has…
  5. Israeli teen arrested over bomb threats against Jewish centres in Australia, US - Health
    03.23 / 13:42
    A man has been arrested in Israel on suspicion of making bomb threats against Jewish community centres in Australia, the United States and New…
  6. Council to fund 750 blood tests in chemical plant scare - Health
    03.23 / 12:48
    A further 750 people living close to a former Dupont factor in Sliedrecht are to undergo blood tests on…
  7. Richmond v Carlton: A night of dreams fulfilled and shattered - Health
    03.23 / 12:45
    On night one of the new season, it doesn't really matter who is playing, only that after the long phoney war, someone is. Richmond and Carlton it has become, because they are notionally grand rivals. But they haven't really been contemporaneous contenders since Kevin Bartlett's heyday, and he is now 70 and newly cast in bronze at the MCG. Nonetheless, more than 73,000 came for their…
  8. The Clean Comedy Spectacular - taking the dirty stuff out of comedy - Health
    03.23 / 12:45
    It's an equation that could spell disaster for a stand up comic - performing comedy to a sober audience, in the light of day, where swearing and any dirty topics are completely off…
  9. Man charged with murder 47 years after Cheryl Grimmer vanished in cold case - Health
    03.23 / 12:09
    A man has been charged with murder 47 years after a toddler disappeared from a Wollongong beach while on a day out with her…
  10. London attack: Police make multiple arrests after conducting six raids - Health
    03.23 / 11:16
    British police have made seven arrests and searched six addresses after an attack near parliament which left five people dead and 29…
  11. 'Dramatic' weight-loss possible without counting calories, study finds - Health
    03.23 / 10:39
    A new weight-loss study has found that significant results can be achieved without counting a single…
  12. Where there's smoke, there's art: Blu Art Xinja's guerilla artwork to stay - Health
    03.23 / 10:39
    Queensland Rail has embraced a piece of illegal guerilla art, one of several blue pieces that have sprung up mysteriously throughout…
  13. Fresh 2011 floods legal claim could delay class action for 6800 seeking damages - Health
    03.23 / 10:20
    The Brisbane man who lodged the second class action says he lost $3 million on his Ipswich riverside properties and $15 million in development profits on a riverside development…
  14. Victoria fills up as the rest of the nation - including Sydneysiders - moves in - Health
    03.23 / 10:03
    In the last 12 months 82,800 Australians have moved to Victoria from interstate, around 500 carloads a…
  15. Paramedics rush to skydiving incident south of Perth - Health
    03.23 / 09:52
    The RAC Rescue helicopter has been sent to a skydiving incident near York on Wednesday…
  16. London attack: Australian resident Trish Neis-Beer among the injured - Health
    03.23 / 09:40
    A woman from South Australia is among the injured in the London terror attack, parliament has been…
  17. Geelong coach Chris Scott says Jimmy Bartel didn't handle final year perfectly - Health
    03.23 / 09:27
    Geelong coach Chris Scott has suggested that club great Jimmy Bartel did not handle contract negotiations perfectly during his final year at the…
  18. Tracey Moffatt's Venice Biennale entry is a hellish work - Health
    03.23 / 09:18
     Artist Tracey Moffatt describes her bucolic studio surrounded by national park as her temple. But inside hell …
  19. 'Just crazy': Twin blasts for Turnbull government over energy and climate policy - Health
    03.23 / 08:58
    Two resignations from the board of the Climate Change Authority come with criticism of the Turnbull…
  20. Des Hasler contract saga won't destabilise Canterbury, insists Bulldogs statesman George Peponis - Health
    03.23 / 08:58
    Fairfax Media has learnt that there is unlikely to be a final decision made on a contract extension for the Canterbury coach for another eight…