Studio Retail prepares for sale as profits boom

Findel Studio

Online value retailer Studio has announced plans to explore its sale options as profits and sales soared during the coronavirus pandemic.

Studio recorded a 52% rise in adjusted profit before tax to £18m in the 26 weeks to September 25 as more customers shifted to online shopping.

Revenues grew 17% to £268m during the same period, reflecting an increase in demand and the growth of Studio’s active customer base by 15% to 2.1 million.

In the third quarter to date, Studio also reported “materially stronger profit performance” as November saw a quieter promotional market than the same period last year, with revenues up 32% year on year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.