Jack & Jones Parent Group Will Come To The US Market.

A/S's American market strategy will be dominated by medium and high-end department stores. It is said that the group is currently negotiating with three US Department stores and is also likely to start independent stores and offices in the US. Currently, the US market is responsible for its Canadian subsidiary. In the Canadian market, Bestseller A/S has 12 stores and about 700 wholesale customers.

The expansion of the US market to a certain extent stems from the blocking of Bestseller A/S bestseller group. The original competition in China and Europe has intensified and sales have slowed down, resulting in the group's total revenue of 2012-13 fiscal year, 2 billion 600 million euros, and the pre tax profit of 192 million 400 thousand euros, which failed to meet the group's expectations.

Anders Holch Povlsen, CEO of Bestseller A/S bestseller group, commented on the performance of the group, saying that it was satisfied that the group was able to gain revenue growth in a highly competitive market with a reduction in sales promotion as the main means. However, the growth rate failed to reach the ideal level and the profitability was far from the group's expectations.

Estseller A/S bestseller Group expects revenue and earnings to grow slightly in fiscal 2013-14.

In the 2012-13 fiscal year's earnings report, the Bestseller A/S group said it would increase investment in retail business, speed up the arrival of goods, and focus on the design and development of core businesses - products.

A/S bestseller group has recently launched the e-commerce website of all brands of the sales group. It is said that there are more than 25000 products to choose from and can be shipped to 12 markets such as Denmark, Belgium, Austria, Finland, France, Germany, Ireland, Italy, Holland, Norway, Spain, Sweden, Switzerland and the United Kingdom, according to Jens Christian Buhl, chief business officer of Bestseller A/S group.

The Canadian market will be added later this month, and the US market will be added in January 2015.