INSIDE RETAIL WEEKLY January 15, 2018 By Jo-Anne Hui-Miller BIO: Eric Morris has been CEO since the inception of PAS in 2005 and has led eight of the Group’s acquisitions and the successful integration of these businesses. Morris was appointed to the Board of The PAS Group Limited on 9 May 2014. Eric has over…

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INSIDE RETAIL WEEKLY Issue 2165 By Dimitri Sotiropoulos After a busy year navigating a US takeover bid and battling a long list of macroeconomic factors fashion retailer PAS Group has sets its sights on a raft of growth opportunities. In June earlier this year, the company received a second on-market takeover bid from US firm…

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RAGTRADER Swimwear label JETS is a key focus for international expansion by PAS Group, Ragtrader can reveal.  PAS Group CEO Eric Morris said the swimwear label, which was acquired in late 2015, has been achieving online sales growth of 200%.  Morris confirmed the brand will be targeted heavily toward the US consumer through online and wholesale,…

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RAGTRADER by Josh McDonnell The PAS Group has released its sales results for the half year that ended 31 December 2016, posting a sales increase of 4.6% and a total of $135.7 million. Retail sales grew 7.3% to $71.9 million, which was attributed to store openings both during this period and the FY2016, as well…

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INTERNET RETAILING Apparel retailer, PAS Group, reported a 7.3 per cent increase in retail sales to $71.9 million driven by new stores that opened during FY2016 and a 39 per cent rise in online sales. The company posted a 4.6 per cent increase in sales for the half year ending December 31, 2016 to $135.7…

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RAGTRADER February:  The headline makers Designworks, a division of PAS Group, is forecasting international sales to double by 2020 on the back of new partnerships and supply chain investment.  Global sales currently represent 15% of turnover, with the fashion business aiming to hit 30% in the next three years. Designworks MD Brendan Santamaria said the…

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RAGTRADER Swimwear label JETS is set to expand its global wholesale business following its acquisition by PAS Group late last year.  PAS Group CEO Eric Morris said while international growth will most likely take place in the US and UK, other markets will be examined. Morris also confirmed key internal changes to the business.  “The…

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RAGTRADER Australian swimwear label Jets has been snapped up by retail juggernaut The PAS Group. The acquisition was reportedly funded by PAS’s existing cash and a margin of its undrawn debt facility and is expected to be immediately earnings accretive. PAS targeted the swim and activewear label due to its high margin business which records…

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