Accessorize news and archive

Monsoon Accessorize anticipates return to profit after ‘painful’ year

Nick Stowe, the chief executive officer of Monsoon Accessorize, has said that he is expecting the British retailer to return to profit in 2025, after what he called a “painful” financial year. Speaking to Drapers, Stowe said that by the end of the current financial year, Monsoon Accessorize is forecast to be in the high single-digit or low...

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Fashion

Monsoon Accessorize to fund fashion scholarships

Fashion retail group Monsoon Accessorize has announced it will fund scholarships for “trailblazing students” on the MA Fashion Futures course at London College of Fashion (LCF) and Central Saint Martins (CSM), University of the Arts London (UAL). The move follows a successful pilot where the retail group supported two students, an LCF MA Fashion...

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Business

Monsoon owner plans 22 store openings following administration bounce back

Adena Brands, the parent company of Monsoon, Accessorize and East brands, has announced a “strong performance” for its financial year to August 31, 2022, as it continues to make progress on its turnaround strategy. The group’s sales rose 43 percent to 258 million pounds, with retail sales growing “substantially” at a like-for-like growth of 105...

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Business

Monsoon Accessorize mulls sale as Covid-19 takes toll on trading

Monsoon Accessorize has announced its trading has been “badly affected” by Covid-19 and as a result is mulling a potential sale of the business. The company said it had been trading well up until the impact of the coronavirus pandemic took its toll on the industry, indicating that the Company Voluntary Arrangement (CVA) it launched last year...

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Business

Landlords extend a lifeline to Monsoon and Accesorize

New York – Monsoon and Accessorize have received a lifeline from its landlords after creditors backed plans to reduce rents on 135 stores at a meeting earlier this week. The fashion chains proposed a Company Voluntary Arrangement (CVA) in late May to help its ailing finances. In a corporate release issued on Wednesday, Paul Allen, chief...

Retail

Accessorize new social tech boosts online conversion by 65 percent

Accessorize has reported a 65 percent customer conversion rate increase online after switching to a new social technology that allows user generated content (UGC) to be collected from social media platforms and displayed as a gallery on its website. The UK retailer is using Curalate’s Fanreel function, where customers’ images posted on Instagram...