Me+Em revenue growth boosted by US expansion
Me+Em has reported strong sales and profit growth for the year to January 2025.
Revenues increased by 24% to £147.9 million as the women’s fashion retailer benefited from the success of its international business, where revenues climbed by 50% year-on-year.
Sales in the US surged by 61% to £47.3 million after the brand opened four new stores in the country, including Madison Avenue in New York and Dallas in Texas. Since the year end, Me+Em has opened a new store in Greenwich, Connecticut, with a Los Angeles location set to launch in two weeks. The next phase of the brand’s US expansion will include new sites in Stanford, California, and Atlanta, Georgia.
The brand also invested in UK stores in the period with the relocation of its Marylebone shop to a bigger flagship location and the expansion of its King’s Road boutique. It also opened a new Manchester store in June.
Subscribe to TRBGrowth across all categories was driven by an expanded product range, particularly in footwear and accessories. The brand said its first swimwear collection, launched in May 2024, sold out within days.
Meanwhile, operating profit climbed by 29% to £20.2 million and EBITDA rose by 15% to £24.2 million.
M+Em said trading in the new financial year has continued to be strong with consistent demand across categories such as trousers and tailoring. Jacket sales for February to October rose by 72% year-on-year.
Clare Hornby, founder and chief executive of Me+Em, said: “Me+Em continues to deliver true modern luxury to busy women by putting versatility, exceptional quality and effortless wearability at the heart of every collection.
“These principles, along with our commitment to understanding our customer, have always been at the forefront of our strategy, and the ongoing success of our expansion in the United States is proof of how this resonates globally.”
Me+Em has also announced that it has appointed Nicki Sheard as chief commercial officer to lead the next phase of growth. Due to take up her role in December, Sheard has been working for the last five years with BBC Studios, most recently as chief executive of brands and licensing. Prior to that, she was chief marketing officer at Charlotte Tilbury.
