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Full year sales at lifestyle retailer White Stuff grew by 6.2% to £153.6m while underlying EBITDA plunged by 29% to £15m on the back of “increased investment” in the business.
Lifestyle retailer White Stuff has made close to 30 redundancies across its head office in recent weeks, Drapers understands.
White Stuff chief executive Jeremy Seigal is leaving the business after four years in the role.
Lifestyle retailer White Stuff is set to open a new store in Barnstaple in November.
White Stuff and Jones Bootmaker are among the retailers that have agreed deals on former Austin Reed Group stores, after the high street retailer ceased trading in June.
White Stuff is to expand further in the UK and overseas, opening new stores in Germany, concessions in Belgium and Italy, as well as new stores in Plymouth, Ludlow and Newark later this year.
White Stuff’s international sales jumped 28.1%, while online sales increased by 17%, for the year to April 30.
Former White Stuff chief executive Sally Bailey has left her role as board advisor for womenswear retailer East and is now supporting ethical fashion brand Braintree.
High street fashion sales bounced back in January, posting a year-on-year rise of 1.9%, BDO’s monthly tracker shows.
Lifestyle retailer White Stuff has reported a 20% increase in sales in the five weeks to January 2.
Retailers from House of Fraser, Moss Bross, F&F and Oasis joined Drapers for breakfast at the Swan at Shakespeare’s Globe on the south bank of the Thames on December 10 to celebrate their success at the 25th Drapers Awards in November.
Retailers from House of Fraser, New Look, F&F and more joined Drapers for a breakfast celebrating their recent success at the 25th anniversary Drapers Awards.
New Look was named Fashion Retail Business of the Year (over £500m turnover) at the Drapers Awards 2015, while the Lifetime Achievement Award was given to Matalan founder John Hargreaves.
British casual lifestyle brand White Stuff has reorganised its wholesale team, promoting Simon Dowling to head of international wholesale and Jenny Wells to senior global wholesale operations manager.
The in-store returns process needs to be treated with the same significance as sales in a multichannel environment, bosses from House of Fraser, Dune and White Stuff told the Drapers Fashion Forum in London today.