Studio Retail Group news and archive

Studio Retail Group reports surging full-year profit and revenue

British retailer Studio Retail Group has reported soaring full-year revenue and profit as it benefited from the accelerated consumer shift to online channels during the pandemic. For the year ending March 26, adjusted profit from continuing operations soared by 79 percent to 27.3 million pounds, while revenue increased by 33 percent to 578.6...

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Studio Retail Group names new CEO

British value retailer Studio Retail Group has appointed Paul Kendrick as its new CEO. Kendrick joined the group in May 2016 as commercial and deputy managing director before being promoted to managing director in April 2017. In December 2019, he was appointed to the company’s board. Studio credited Kendrick with having “played a key role in...

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Studio Retail up for sale as profits soar

Studio Retail Group has launched a strategic review and formal sale process amid soaring half-year profits. The British value retailer’s adjusted profit before tax jumped 52 percent to 17.7 million pounds for the 26 weeks to 25 September as shoppers flocked online during lockdowns. Group revenue increased 17.2 percent to 268 million pounds in...

Business

Studio Retail Group half-year product sales up 39 percent

British retailer Studio Retail Group, formerly called Findel, has reported a 39 percent increase in product sales in the first half of the year. The group said its core business, Studio, has seen “strong retail trading performance in the early weeks of its new Autumn/Winter season”, with its kidswear, gifting and early Christmas ranges...