Crew Clothing posted strong sales growth in 2021 with turnover increasing by 40% year-on-year to £82.7 million. In addition, turnover was up 22% on 2019 as ecommerce sales grew by 14% versus 2020 and by 68% on a year earlier. Meanwhile, EBITDA climbed by 80% to £16 million compared to 2020 and...
Burberry has increased its first quarter comparable store sales by just 1% after trading was impacted by Covid-19 lockdowns in mainland China. When sales in the country were excluded, there was an uplift 16%. In contrast, comparable store sales in Burberry’s EMEIA region rose by 47%. During the 13-week period ending 2...
In partnership with Roblox, Burberry has launched a virtual collection of handbags influenced by the brand’s “longstanding affinity for nature and the outdoors”. Drawing inspiration from Burberry’s signature Lola bag, the limited-edition virtual range consists of five unique handbags in playful designs. Crafted from materials like clouds, water and wild foliage, the...
Ted Baker has opened a new store at Centre:mk in Milton Keynes. Spanning 2,150 square feet, the shop on Silbury Arcade stocks the full range of Ted Baker’s womenswear, menswear and accessories and features a design inspired by the retailer’s prints with a bespoke floral wall mural. Founded in 1988 in Glasgow,...
Dr Martens has said trading since the start of its new financial year is in line with expectations as it continues to recover following the ending of Covid-19 restrictions. In a trading statement ahead of its AGM, the company also pointed out that the early months are typically the smallest period...
Moss Bros. announced today (12 July 2022) that it is collaborating with PEAKY BLINDERS: THE RISE, an immersive theatrical show that places audiences in the heart of one of the world’s most popular TV series. Presented in collaboration with Peaky Blinders’ creator Steven Knight and Caryn Mandabach Productions, participants get dressed...
Lego has said it will stop operating in Russia indefinitely due to “continued extensive disruption”. The firm stopped delivering products to Russia in March following the invasion of Ukraine, but its shops remained open as most rival retailers pulled out. Lego said it would now end its partnership with Inventive Retail Group...
Boohoo has become the latest fashion brand to introduce fees for customers wanting to return an item. The fashion giant will charge customers £1.99 for each parcel that gets returned to its warehouse. The company included the change to its policy on its information page on returns, and informed customers: “Please note...
Justmylook.com has chosen Brighouse in West Yorkshire as the location for its first physical store. Due to open on 13 July, the space will be home to over 40 brands ranging from Yves Saint Laurent and Giorgio Armani to Olaplex and Dermalogica. Inspired by the #TikTokMadeMeBuyIt trend, the store will also feature...
Matalan has seen its revenue climb to £286.5 million in the 13 weeks ended 28 May from £221.8 million a year earlier. The company attributed the uplift to the value, quality and choice it offers customers. EBITDA post adoption of IFRS16 came in at £44.4 million compared to £41.8 million in the...
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