Fashion

Miss Selfridge posts 17.5 million pound loss


Miss Selfridge posts 17.5 million pound loss

Miss Selfridge reported a 17.5 million pound pre-tax loss in 2018.

According to accounts filed at Companies House, sales at the fashion
retailer for the year ended 1 September 2018 fell more than 15 percent to
102 million pounds, while pre-tax loss widened to 17.5 million pounds from
4.2 million pounds the previous year.

The loss was driven by more than 12 million pounds in one-off costs
mostly related to writedowns in property value and redundancies.

Earlier this year, the Arcadia-owned fashion chain closed its flagship
store in Oxford Circus as part of the group’s wider restructuring plan.

Arcadia’s Topshop and Topman chains fell to a 505 million pound loss as
sales fell 9 percent to 846.8 million pounds in the year to 1 September.

Photo credit: Miss Selfridge, Facebook



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