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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NewsOliver 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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NewsOliver 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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AnalysisRanking: 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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DataData: 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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DataRanking: 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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Prospect Analysis
Oliver Bonas (Overview)
Oliver Bonas is a quirky lifestyle retailer founded in 1993 with nearly 80 stores in the UK and Ireland.
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Prospect AnalysisOliver Bonas (Financials)
Oliver Bonas had been growing at a substantial rate over the past few years, with strong double-digit growth having been driven by ongoing expansion of the store network, and increasingly bolstered by strengthening online sales. However, hit by government enforced store closures because of the pandemic, sales declined 15.9% to £68.7m in the year to 31 December 2020, compared to 18.3% growth the previous year.
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Prospect AnalysisOliver Bonas (SWOT)
Having expanded its in-house product design teams in recent years, Oliver Bonas has gained control over its product range and identity and had grown the proportion of its own-brand sales to a significant 86% by 2017. Meanwhile, over 2018, it produced “a record number of own designed products”.
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Prospect AnalysisOliver 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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Prospect AnalysisEcommerce 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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Prospect AnalysisSupply 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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Prospect AnalysisCustomer 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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Prospect AnalysisTechnology 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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Prospect AnalysisStores at Oliver Bonas
Store expansion has remained at the heart of the UK strategy despite ambitions to digitalise the business.
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Prospect AnalysisOliver Bonas (Outlook)
Oliver Bonas has been through a significant period of sales growth which stalled due to the pandemic. During this time, it has pivoted away from its strategy to expand its store network, instead leaning on its digital capabilities as its stores were shuttered during the health crisis.
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AnalysisFive 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.
