All Charles Tyrwhitt articles
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Prospect Analysis
Charles Tyrwhitt (People)
Luke Kingsnorth took over as CEO at Charles Tyrwhitt in early 2019 after former boss Michael Stanier stepped down after only a year.
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Prospect Analysis
Charles Tyrwhitt (Overview)
Charles Tyrwhitt is an upmarket menswear specialist that traditionally focused on tailored shirts. However, the retailer now also sells a full range of business and casual clothing for men. The retailer prides itself on offering high quality, timeless products, supported by exemplary customer service.
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Prospect Analysis
Charles Tyrwhitt (Financials)
Total sales soared 71.9% in the 52 weeks to 30 July 2022 (FY2022), as sales more than doubled (+107.9%) in the UK and grew 42.7% in international markets. The strong results ended a three-year run of declining sales. The impressive recovery in FY2022 was against a tough FY2021, which had been impacted by “the macro economic challenges of Covid-19” and related closure of the retailer’s 27- store estate for a significant part of the financial year. Profitability improved year on year for the 2022 financial year despite supply chain disruption, global political uncertainty and inflationary pressures.
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Prospect Analysis
Customer and marketing at Charles Tyrwhitt
Charles Tyrwhitt targets relatively affluent professionals who shop at the retailer for work wear as well as casual shirts.
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Prospect Analysis
Charles Tyrwhitt (Strategy)
Shirt specialist Charles Tyrwhitt was founded as a mail order business by Nick Wheeler in 1986. He initially ran the business part-time from his bedroom as a university student, but pursued the venture full-time from 1990, with a first store opened in 1997.
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Prospect Analysis
Stores at Charles Tyrwhitt
While stores form a key part of the retailer’s multichannel strategy, bricks-and-mortar development has not been the major focus in recent years.
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Prospect Analysis
Ecommerce at Charles Tyrwhitt
An overhaul of the core UK Charles Tyrwhitt site went live at the beginning of 2020, which has put an increased focus on the wider menswear offer and includes ‘shop the look’ features.
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Prospect Analysis
Technology strategy at Charles Tyrwhitt
An overhaul of the core UK Charles Tyrwhitt site went live at the beginning of 2020, which has put an increased focus on the wider menswear offer and includes ‘shop the look’ features.
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Prospect Analysis
Charles Tyrwhitt (SWOT)
Strong niche position – Charles Tyrwhitt has established itself as something of an authority on men’s shirts. It offers an extensive range of styles and fittings, with a plethora of size and customisation options to ensure a perfect fit.
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Prospect Analysis
Supply chain at Charles Tyrwhitt
The shirt specialist’s mail order heritage means it has a well-established supply chain.
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Prospect Analysis
Charles Tyrwhitt (Outlook)
The pandemic accelerated a shift in the way people work that was already underway. Hybrid working and working from home have driven the trend for more casual work apparel. By recognising the change in the way its customers dress for work with suits and formal dress shirts being replaced by more casual shirts, polo shirts and chino trousers, the retailer is staying relevant and broadening its appeal.
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Analysis
Can middle-market players capitalise on second-hand fashion?
The second-hand clothing market is booming. Retail Week looks at how some retailers are already taking advantage of this growing trend and why it’s important to get on board.
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News
Charles Tyrwhitt chief executive steps down
Charles Tyrwhitt boss Michael Stanier has stepped down from the helm of the business a year after taking up the role.
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News
Charles Tyrwhitt poaches Adidas exec as new boss
Charles Tyrwhitt has poached Adidas executive Michael Stanier to take the reins as its new boss.
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News
Retail diary: Why Selfridges is pulling no punches
Greggs and Ikea to host “romantic” Valentine’s dinners, Charles Tyrwhitt founder’s funny side and a world-first for Selfridges.
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News
Retail power couple recognised in New Year Honours list
White Company founder Chrissie Rucker and her husband Nick Wheeler of Charles Tyrwhitt Shirts are among retailers to have made the Queen’s New Year Honours list.
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News
Body Shop poaches Charles Tyrwhitt boss for CEO role
The Body Shop has snapped up Charles Tyrwhitt’s chief executive David Boynton to take the helm of its global business.
