STUDIO news and archive

Studio Retail Group shares tumble on profit warning

Studio Retail Group saw its shares plunge Monday morning following a profit warning by the British value retailer. The group said it expects its adjusted pre-tax profit for the full year to come in at between 28 million pounds and 30 million pounds, the second time it has slashed its outlook in just a few months. In its half-year results...

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Studio appoints director of data to spearhead new team

Online value retailer Studio.co.uk has appointed Gareth Powell as its director of data to spearhead a new data team. Powell, who joined Studio in June as head of enterprise data products and insight, has been named the online retailer’s new director of data and tasked with bringing together Studio’s analytics, data governance, data engineering...

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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...

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...