Monsoon eyes new store openings as profitability recovers
Womenswear retailer Monsoon is bucking the gloom hanging over retail with plans to open new stores in 2023 after returning to profitability this year.
The retailer has been âsurprisedâ by a big post-Covid pivot to customers shopping in stores, with chief executive Nick Stowe telling the Financial Times that Monsoon had plans to open another 22 stores in the current financial year and could open close to 50 in the future.
âWe could probably get up to 200 stores in the UK if we wanted to,â he said.
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