Jack Wills makes £7.5 million loss
By Sarah Wood | 7th March 2019
Preppy fashion brand, Jack Wills, made a loss of £7.5 million in the year to 28th January 2018.
The retailer, which has stores at Gloucester Quays and on Cheltenham's Promenade, made a profit of £6.3 million in the previous year, as reported by Retail Gazette.
Sales fell by 1.1 per cent to £129.3 million. Jack Wills blamed the fall on the competitive clothing market and consumers being careful with their money.
It said the business has improved significantly since then and is looking to return to sustainable growth by improving its product range and re-engaging with customers.
The company recently completed a significant refinancing, with continued support from its major shareholder, BlueGem.
Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.