• Studio Retail Group H1 profits widen, but warns of ‘challenging' Q3 trading conditions

    6 days ago - By Fashion United

    Image: Studio Retail Group Studio Retail Group has reported an increase in sales and profitability in the first half of the year, but said it faces “challenging trading conditions” in the current quarter. In the 26 weeks to September 24, the group reported revenue of 239.6 million pounds, up 3.2 percent from the year before, and up 32 percent compared to two years ago following a strong FY21. Product revenue at the group's core business, Studio, increased by 0.3 percent compared to last year, while the group's Financial Services revenue was up by 11.3 percent. Its adjusted profit before...
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  • Mothercare swings to first-half profit

    6 days ago - By Fashion United

    Image: Mothercare, Facebook
    Mothercare has swung to a profit in the first half of the year despite a drop in turnover.
    In the 26 weeks to September 25, the British maternity and childrenswear specialist reported a profit before tax of 3.6 million pounds compared to a loss of 13.2 million pounds a year earlier.
    The company's turnover in that period dropped 6 percent to 41.7 million pounds.
    Mothercare said it continued to be “heavily impacted” by the pandemic, with just over 10 percent of its partners' global stores closed at the end of the period.
    The company has undergone a major...
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