White Stuff profits and sales soar
Furthermore, the company saw dress sales rise 43% year-on-year and menswear sales rise 28% year-on-year
Fashion retailer White Stuff has revealed that its EBITDA rose 141% to £7m, up from £2.9m, for the year ended 29th April 2023.
Alongside this, the company’s total sales rose 13.3% up to £151.4m which was an increase of £17.8m.
The company posted retail sales of £73.9m, up 18.1%, online sales of £65.8m, up 7.3%, wholesale sales of £11.7m, up 20.6% and international sales of £13.5m, up 21.7%.
The retailer put its online growth down to continued growth from 3rd party partners including Marks and Spencer, Next and John Lewis.
White Stuff stated that it acquired 317,000 new customers which was an increase of 25% year-on-year.
Furthermore, the company saw dress sales rise 43% year-on-year and menswear sales rise 28% year-on-year.
Jo Jenkins, CEO of White Stuff, said: “This is another strong set of results for White
Stuff, showing the initial impact of our efforts to transform the business into a modern
multi-channel brand. We’ve listened to what both loyal and new customers want from us, and they are responding very well to our elevated basics and seasonal collections.
“We attracted more new customers to White Stuff last year than ever before. Trading has been good so far this year, including on our new web platform. We are though mindful of the ongoing economic pressures on consumers. We have flexibility built into our plans so we can respond to any challenges or opportunities that arise, and we will continue to focus on delivering great quality products to customers through all our channels.”