Missguided is axing 50 jobs with another 50 being reviewed after it grew its teams fast in recent years. But it said that while profits remain elusive and sale growth has slowed, turnover is still up in double-digits
UK fashion e-tailer Missguided saw a sales surge in its latest year but that didn’t help profits and the firm, which recently moved into physical stores, swung to a pre-tax loss on investment spending.
Quiz Clothing could afford to feel at least a little smug this week as the fast fashion retailer turned in yet another set of stellar results reflecting “strong growth across all channels as the brand gains momentum”.
Newly-listed shares may not always trade strongly, as we’ve seen several times this year, but Footasylum did at least hit the stock market with a bang on its debut day. Its shares soared over 23% in the first few hours.
Sports shoe and clothing retailer Footasylum has confirmed its float plans with the company saying Monday that it will list its shares on the London Stock Exchange’s Alternative Investment Market (AIM).
Quiz benefitted from surging e-sales in the first half as well as growth through its physical stores as new stores in Spain, its German Zalando deal, new logistics capacity and targeted marketing all paid off.