THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Charles Tyrwhitt expects business to grow by 20% over the next year

Menswear retailer Charles Tyrwhitt is expecting its business to grow by 20% over the next year as it benefits from an adjustment in its offering to… View Article

FASHION RETAIL NEWS UK

Charles Tyrwhitt expects business to grow by 20% over the next year

Menswear retailer Charles Tyrwhitt is expecting its business to grow by 20% over the next year as it benefits from an adjustment in its offering to suit post-pandemic work styles.

In its latest accounts, the retailer said turnover in its last financial year ending July 2023 rose to £269.2 million from a prior £185.2 million with 49% derived from the UK and 51% from the rest of the world.

Underlying EBITDA also saw strong growth, increasing from £16.6 million to £44.1 million

However, reported operating profit fell to £18.6 million from the previous £43.1 million following the impact of one-off costs.

Charles Tyrwhitt said its trading success had been broad-based across its store and digital channels after it benefited from its strong customer service ethos and improvements to its range, including the increased focus on casualwear.

The retailer opened five new stores in the year, although digital continued to account for the majority of turnover. Online sales were boosted by effective digital marketing activity aimed at driving more website traffic and attracting more customers.

Subscribe For Retail News