Crew Clothing boosted its profits in its full-year results, citing “significant growth across all channels” and a slower increase in costs.
The British clothing retailer saw EBITDA jump 26% to £17.1m for the year ended 31 December 2023, while sales rose 13%.
Wholesale and third party sales shot up 28% at the brand, as ecommerce revenues jumped 18%. Store sales nudged up 5% for the period.
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Crew Clothing said it remained “committed to growth across all areas of the business,” adding that during its period of results, it had “invested in key areas of expansion including developing online presence and optimisation of the bricks-and-mortar estate”.
Going forward, it insisted it was “committed to expanding retail stores into a number of key target locations in the UK”.
The company also said plans were in place to expand its product ranges, widening its breadth of goods available across menswear, womenswear and childrenswear and key gifting categories including sleepwear and accessories.
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