Premier Soothes Retail Nerves

Up to the close of business on Tuesday, shares in Premier Investments (PMV), the holding company for most of Solomon Lew’s retail interests had lost around 13% for the year so far as investors fretted that it might be infected by the malaise that seems to be hammering small and medium retailers, some of whom have gone bust in recent weeks, especially in the men’s and women’s fashion wear sector.

Read More

A Surprise In Premier’s Pyjamas

Premier Investments (PMV) has cut across the fashion retailer grain, delivering a strong first half result. The launch of pyjama retailer Smiggle UK was the key element which surprised to the upside but the company is also showing signs of a turnaround across its core suite of brands. An interim dividend of 21c was declared along with a 9c special dividend. No formal guidance was issued but the company indicated trading in the second half to date has been robust.

Read More

Brokers Cool On Premier Investments

After winter panned out miserably for retailers, Premier Investments (PMV) provided some hope for investors. The company achieved like-for-like sales growth of 4.7% in FY14. Maintaining momentum may be difficult, and the stock is viewed by some as fully priced, but brokers were impressed with the company’s ability to battle soft consumer sentiment, a warm winter and inroads from international competition. All the Just Group brands showed like-for-like growth in the second half, the first time this has occurred since Premier Investments acquired the business in 2008.

Read More