All Oliver Bonas articles
Oliver Bonas is a quirky lifestyle retailer founded in 1993 with more than 80 stores in the UK. Selling jewellery, fashion and homewares, Oliver Bonas largely operates in high-footfall areas such as transport hubs, including train stations and airports across the UK.
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News
Oliver Bonas hails ‘resilient’ performance as sales and profits grow
Oliver Bonas has posted a boost in profits and revenue for the 2022 full financial year as sales remained “resilient” despite the cost-of-living crisis.
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News
Oliver Bonas latest retailer to partner with Reskinned
Oliver Bonas has become the latest retailer to partner with sustainable pre-loved repair and resale specialist Reskinned in a bid to give “pre-loved items a chance to shine once again”.
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Analysis
Ranking: The top 20 retailers to work for in the UK in 2022, according to employees
Recipe box subscription business Mindful Chef, which focuses on healthy eating, has emerged as the top retailer to work for in the UK, according to employee reviews.
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Data
Data: The 15 most improved retailers for gender pay equality 2022
Retail Week ranks the top-performing and most improved retailers for gender pay equality this year.
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Data
Ranking: The 50 best companies to work for in the UK, according to employees
Just two retailers have been named among the 50 best companies to work for in the UK, according to Glassdoor’s Best Places to Work 2022 survey.
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Retail Navigator Analysis
Oliver Bonas (Overview)
Oliver Bonas is a quirky lifestyle retailer founded in 1993 with around 80 stores in the UK and Ireland.
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Retail Navigator Analysis
Oliver Bonas (Financials)
Following a strong post-pandemic recovery, Oliver Bonas continued its upwards momentum with sales increasing 23.8% to £115.0m for the 2022 financial year to 31 December 2022 (FY2022). The year began with “cautious optimism” before rising inflation and challenged supply chains contributed to the company’s feeling that “sales growth would be hard to come by and this coupled with a falling pound’s effect on margins, meant the outlook was not good”. However, sales remained resilient and Oliver Bonas reported “record positive like-for-like sales growth for the year”.
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Retail Navigator Analysis
Oliver Bonas (SWOT)
Although inflation is easing, for the time being consumers will undoubtedly continue to rein in spend amid the ongoing cost of living crisis. This could adversely affect the retailer both in its higher end homewares category and its gifting categories. It will need to be mindful of how it manages its stock during this time.
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Retail Navigator Analysis
Oliver Bonas (Strategy)
Oliver Bonas had previously set its sights on opening an ambitious 15 or so new outlets a year across the domestic market. Although it has continued to expand its store estate, growth has been at a much more subdued level in the last couple of years. Indeed, the retailer has been investing significantly in ecommerce in a bid to ‘digitalise its business’.
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Retail Navigator Analysis
Oliver Bonas (People)
Founder Oliver Tress remains at the helm of the business.
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Retail Navigator Analysis
Ecommerce at Oliver Bonas
So far, much of Oliver Bonas’ growth has come from store expansion. But the founder of the business, Oliver Tress, wants that to change.
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Retail Navigator Analysis
Supply chain at Oliver Bonas
In order to facilitate its UK expansion plans, Oliver Bonas has continued to invest in its distribution centre and IT systems in recent years. The retailer is served by a single distribution centre in Chessington, Surrey and has introduced a new warehouse management system and site logistics.
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Retail Navigator Analysis
Customer and marketing at Oliver Bonas
Oliver Bonas is a lifestyle retailer that targets relatively affluent urban and metropolitan professionals for both self-purchase and gifting.
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Retail Navigator Analysis
Stores at Oliver Bonas
Following a slow-down in store openings, physical expansion was on the agenda again in FY2022.
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Retail Navigator Analysis
Technology strategy at Oliver Bonas
In its first two decades – the company was founded in 1993 – the focus was on store expansion, and it is only in the past few years that it has turned its gaze to the potential of technology. Now that it has done so, however, it has been quick to try new ideas.
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Retail Navigator Analysis
Oliver Bonas (Outlook)
Not only facing supply chain pressures, the cost-of-living crisis undoubtedly continues to bring new challenges for the retailer, as consumers rein in discretionary spend. It will need to continue to keep a tight hold on inventory levels and ensure it has a robust pricing strategy to balance its margins in the year ahead.
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Analysis
Five categories set to lose out during lockdown
When the second lockdown was revealed last week, British Retail Consortium boss Helen Dickinson deemed it a “nightmare before Christmas” for retail.