Launched in 2009 by Nitin Passi, Missguided specialises in fast fashion for 16-24-year-old women, similar to competitors PrettyLittleThing and Boohoo. It launched its menswear label Mennace in 2017. Headquartered in Manchester, Missguided has dedicated sites in the USA and Canada, Australia and New Zealand, France, Germany, Ireland, Poland and Spain, plus a pan-European site. It has trialled physical stores, opening concessions in department store Selfridges in 2015 and its first standalone store in Westfield Stratford in 2016. It has since shut all stores except one in Bluewater shopping centre and discarded plans to open around 30 stores across the UK. It teamed up with retail group Azadea to launch stores and online in the Middle East. Boohoo relies heavily on social media influencer marketing and celebrity collaborations. The fast-fashion brand partnered with Asos in 2015, selling many of its products through the platform.
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Strategy directors are de rigueur, with Asos, JLP and M&S all making big hires. But are they “a fashion accessory”, as one chief executive claims, or a necessary exec role in today’s fast-changing climate?
After a difficult two years, Missguided is starting to see progress as its EBITDA swings back into the black. Boss Nitin Passi talks to Retail Week about the tough year Missguided has been through, the lessons he learnt and why stores in the UK are a no-go
Missguided has joined forces with online holiday comparison site Icelolly.com to offer customers the chance to compare holidays alongside shopping for fashion items.
As Instagram sets out its plans to move from social to shopping, we ask if the platform can be retail’s next big sales channel?
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