SnapShop Retailer Directory Search

You are here: Home | Blog | Retailer Spotlight - Whistles continues a good song

SnapShop Blog

Retailer Spotlight - Whistles continues a good song


Posted At: 29 June 2018 14:00 PM
Related Categories: Retailers


In a retail world currently full of negativity, it is pleasing to read that contemporary high street retailer Whistles is targeting 33 new store openings throughout the UK and Ireland.

Plans for the roll-out come as Whistles continues its turnaround strategy, which sought to reduce its loss-making outlets, direct costs and overheads having reported a loss of £6.1m for the 52 weeks to 30 January 2016.

Whistles attributed its £6.1m loss to the cost of launching menswear, expanding in the US and re-platforming its website; all positive moves for the future, requiring an injection of capital. Shortly after this, Whistles called in advisers at KPMG to prepare for a sale of the chain, and subsequently South Africa’s Foschini Group acquired a majority stake in March 2016.

In its accounts filed in December 2017 for the 62 weeks to 1 April 2017, Whistles reported total sales rose by 18% to £68.9m and that it had reduced its pre-tax losses to £3.7m for the 62-week period.

At the time, Foschini said the acquisition will provide “significant investment” for Whistles and opportunities for the brand to continue to develop its online presence, grow its retail portfolio, and accelerate international expansion.

Now, Whistles has appointed Brasier Freeth to find units of between 800 and 1,500sqft, and said that “attractive and quirky properties will be considered”. Whether this includes any store relocations remains to be seen, but this news will provide a definite boost for the property lying vacant in the wake of store closures throughout the country.

Comments Comments (0) Twitter Twitter


There are no comments for this entry.

Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

Name *
Email Address *  
Comments *
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.


Enter your email address below
to receive SnapShop blogs
straight to your inbox.

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (137)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (193)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retailer View - Weird Fish
Retailer View - Monki
Retailer View - Boden
Retailer View - The Entertainer
Retail Update - November 2018

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×