Crew Clothing is setting its sights on significant growth, with plans to unveil at least 20 new stores across the º£½ÇÊÓƵ this year.
Following an impressive expansion in 2024 that saw the fashion retailer introduce 15 new locations—including a notable new store in Paddington, bringing Crew back to the heart of London—the brand is looking to extend its footprint further, as reported by .
This announcement aligns with the company's festive season triumph, as Crew Clothing's total Christmas sales soared by 45%, bolstered by a whopping 70% spike in online revenue. Additionally, in-store sales jumped by 22% and third-party revenues climbed by 34%.
The fourth quarter also brought auspicious tidings for the retailer, reporting a 17% rise in total like-for-like sales and topping off with record-breaking Black Friday figures following a 23% increase.
Cementing its status as a stalwart supporter of the British high street, Crew Clothing expressed: "Crew Clothing remains committed in driving every aspect of the omnichannel model which continues to yield consistent positive results."
With its product range diversification leading to an upsurge in interest from new shoppers throughout 2024, Crew has nevertheless managed to retain a dedicated cohort of repeat customers.
Assertive about their enduring support for the high street, the statement detailed: "Crew Clothing is a long-standing champion of the British high street and continues to invest in its retail portfolio."
Coupled with this year's aggressive expansion strategy, the company highlighted its recent growth, noting: "The brand opened 15 new stores in 2024, with momentum set to continue in 2025 with the opening of at least 20 new stores in the new year."
"Stores in Kendal and Keswick are confirmed alongside a number of exciting new refits. The expansion further solidifies the brand as a key player in the retail sector."
"With strong results, a clear growth strategy, and unwavering support for British retail and sports, Crew Clothing is well-positioned for further success in 2025."
The update follows a City AM report from July last year that revealed Crew Clothing hit a record pre-tax profit of £15.5m in 2023, soaring from £11m the previous year.
This financial boost has been attributed to robust sales growth, with turnover climbing to £117m in 2023, an impressive rise from £101m the prior year.
