Crew Clothing grows annual sales and profit
Lifestyle fashion brand Crew Clothing increased both its sales and profit in the year to 24 December 2023 after seeing significant growth across all channels.
Turnover rose by 13% after online and store sales climbed by 18% and 5% respectively. Growth in the third party and wholesale channel was particularly strong at 28%.
Meanwhile, adjusted EBITDA increased to £17.1 million from the previous year’s £13.5 million driven by strong sales performance and costs rising at a slower rate.
During the period, Crew Clothing invested in developing its online presence and the optimisation of its store estate.
Looking ahead, the brand said it is continuing to pursue growth through the expansion of product ranges across menswear, womenswear, childrenswear and key gifting categories such as sleepwear and accessories.
It has also committed to expanding retail stores into a number of key areas within the UK and is currently seeking to identify locations.
