Monsoon Accessorize to return to profit after 'painful' year

Monsoon predicts profitability after refreshing kidswear and small boutique format - InternetRetailing

The CEO of Monsoon Accessorize has forecast that the sister brands will return to single-digit or low double-digit EBITDA this year, following a “painful” 12-months. Speaking to Drapers, Nick Stowe explained that recent struggles were due to rising running costs, an uncompetitive childrenswear range, the cost-of-living crisis, and the collapse of its franchise operations in Italy and Saudi Arabia. Monsoon had swung to a £2.2mn loss in the year t…

Monsoon Accessorize to return to profit after 'painful' year

Drapers Monsoon Accessorize to return to profit after ‘painful’ year Monsoon Accessorize CEO Nick Stowe told Drapers the business is expecting to return to profit at the end of the current financial year, after reporting a loss of £2.2m for the year to 31 August 2024.The post Monsoon Accessorize to return to profit after ‘painful’ year appeared first on Drapers.