Crew Clothing hails strong full year growth

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15 July, 2022 | by Angela Beevers

Crew Outfits posted robust sales development in 2021 with turnover growing by 40% yr-on-calendar year to £82.7 million.

In addition, turnover was up 22% on 2019 as ecommerce profits grew by 14% as opposed to 2020 and by 68% on a yr before.

In the meantime, EBITDA climbed by 80% to £16 million in contrast to 2020 and by 64% on 2019.

The way of living clothes organization reported it has observed sustained write-up-pandemic expansion as it invests in its developing retail estate. In 2021, Crew included a more 10 retailers to its portfolio.

Crew main govt David Butler reported: “Crew has demonstrated impressive resilience more than the last handful of decades, despite extremely difficult buying and selling situations. As a brand we’re in a solid placement – a obvious and sturdy system has authorized us to provide these results so far and we strategy to continue to grow with a watch to strengthen our place as a British significant street leader. I’m really proud of how far Crew has come – look at this room, there is additional on the horizon.”

The corporation has also noted a  productive 1st year of trade with John Lewis with whom it released a brand partnership in June 2021. It has also been partaking with its customers by means of a sponsorship programme, which incorporates sporting institutions this sort of as Henley Royal Regatta, the Lawn Tennis Affiliation, Williams Racing and the Legends Golf Tour.

On the lookout forward, Crew explained it will be on the lookout to extend the achievement of the business over and above the Uk, especially in western Europe, the Center East and Australia.