Office: Shoe retailer doubles profit to over £100m March 18, 2025 Profit at the group behind shoe retailer Office more than doubled to over £100m as it continued to open new stores and created hundreds of jobs. The business, which also includes the Offspring brand, has posted a pre-tax profit of £102.4m for the 12 months to 30 June, 2024. The future comes after the group [...]
HMV: Sales on song as billionaire owner helps turn around high street icon March 6, 2025 Sales at HMV have more than doubled in the last three years as its recovery under the ownership of Canadian billionaire Doug Putman continues at pace. The high street staple has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year. The [...]
Pure Electric: Scooter brand to make first profit in 2026 after transformation February 25, 2025 Pure Electric, the scooter brand run by former Hargreaves Lansdown investor Adam Norris, has predicted it will make its first profit in 2026 after transforming its business model. The Somerset-based business added that its pre-tax loss will continue to fall during its current financial year as it expands further across the world. The forecast comes [...]
Very Group returns to half-year profit despite sales decline February 19, 2025 Very Group returned to making a half-year profit during the final six months of 2024 despite a fall in sales. The Merseyside-headquartered business, which includes Littlewoods, has reported a pre-tax profit of £6.1m for the period to 28 December 2024. The profit comes after Very Group fell to a pre-tax loss of £2m during the [...]
Club L London almost triples in size as it targets international expansion February 18, 2025 Fashion retailer Club L London is targeting international expansion after almost tripling its sales and headcount over a two-year period. The Manchester-headquartered company achieved a turnover of £44.4m for the 14 months to 31 March, 2024, newly-filed accounts with Companies House have revealed. The latest sales figure comes after Club L London’s turnover stood at [...]
Ann Summers slips further into the red as sales dip February 18, 2025 Ann Summers slipped further into the red as it battled “significant external pressures” including the cost-of-living crisis, rising inflation and Google’s safe search restrictions. The retailer fell to a pre-tax loss of £13.1m for the year to 29 June, 2024, after it also made a loss of £3.8m in the prior 12 months. Newly-filed accounts [...]
Jack Wills: Job cuts continue as fashion brand halves in size February 5, 2025 Profit has continued to fall at fashion brand Jack Wills, which is owned by Mike Ashley’s Frasers Group, as more jobs were cut and stores closed during its latest financial year. The company’s headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to [...]
Crew Clothing plans to open at least 20 stores in 2025 January 29, 2025 Crew Clothing has revealed plans to open at least 20 stores across the UK this year. The fashion retailer announced its intention to expand further after the brand added 15 new locations over the course of 2024. That flurry of openings included a new store in Paddington, a move which marked the company’s return to [...]
Protein Works set for ‘epic milestone’ as sales pass £50m January 13, 2025 Protein Works is gearing up to achieve an “epic milestone” as its sales broke through the £50m barrier for the first time. The Cheshire-headquartered business is on the verge of selling 400 million protein shakes worldwide as it revealed its turnover hit £50.7m in the year to 31 August, 2024. The latest turnover total for [...]
In The Style cuts job as sales continue to fall ahead of stock exchange return December 12, 2024 In The Style slashed jobs in a bid to stem its losses amid continuing falling sales as its return to the London Stock Exchange edges nearer. The Manchester-headquartered fast-fashion retailer has posted a pre-tax loss of £2.6m for the year to 31 March, 2024, down from the £7.7m loss it reported in the prior 12 [...]