Fashion retailers showing growth in 2018

Many players in the fashion industry demonstrated growth in their figures last year.

TFG London, which owns Phase Eight and other brands, increased sales by 4.7% in 2018. Joules has also performed well with a 17.6% increase in 2018, its 30th year.

Lee Harlow, managing director of TFG London said:

“We are optimistic about the full year and the next phase of our brands’ development.”

Colin Porter, the chief executive of Joules commented:

“We have continued to trade well since the Period end with a good performance through the festive period and positive customer reactions to our new collections. We have an outstanding brand, good momentum and a growing customer base and we look forward to the second half of the financial year with confidence.”

This is good news not only for clothing retailers but for all the suppliers that clothing companies rely on to operate efficiently. For example, garment rail suppliers and shopfitters liked to see clothing retailers opening new shops or refurbishing existing ones. Many clothing retailers also sell online and need warehouses equipped with warehouse racking, packing tables and trolleys as well as garment rails.

Whilst the media headlines report high profile cases of fashion retailers like Debenhams and Marks and Spencer struggling to sell their clothes, it is important to also note the positive profit figures of fashion retailers reported in the business pages.

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