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On Running races ahead in UK

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3 hours ago

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Published



December 22, 2025

On Running UK’s results for 2024 have been filed and they show the Swiss brand performing strongly both in terms of sales and profits.

On

Revenue increased to £134.6 million from £94.6 million the year before. And it said net sales of the shoes for which it’s best known increased 43.3% to £121.4 million, apparel rose 32.7% to £11.7 million, and accessories jumped 77% to £1.47 million.

The company said that gross profit was £48.5 million, up from £37.1 million, although operating profit for the year fell to £125 million from £2.79 million. But net profit increased to £3.2 million from just under £1.3 million in the previous year.

2023 had seen it opening its first British flagship store with a Regent Street debut in London and that clearly had an impact in 2024, as did its second store that opened in Spitalfields and its outlet location in Bicester Village.

The 15-year-old business won’t be filing its UK accounts for 2025 until this time next year but we already know that in the first nine months of 2025, globally, its net sales increased to 32.6% to £2.1 billion with gross profit up 37.8% at £1.3 billion.

It also said that the third quarter of this year was a record one for the business.

This year it has received a big boost from viral social media posts and in the past couple of months alone it has unveiled new initiatives that should boost sales further with a debut in South Korea via two stores and a winter capsule collaboration with Loewe.

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West End events and store initiatives boost November/December shopper visits

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17 minutes ago

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December 22, 2025

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Published



December 22, 2025

Super Saturday may not have been that super footfall-wise across the UK, but the West End of London has been seeing strong footfall in recent weeks.

Photo: Pexels/Public domain

The New West End Company (NWEC) told the BBC that central London has diverged from the national trend with footfall up 9% in the seven days before Black Friday week, while in the week itself it was up 4.1%. The week that kicked off with Cyber Monday also saw a 6.1% footfall rise.

Meanwhile the 6-7 December weekend was also “busy” as Regent Street was temporarily closed to traffic and Oxford Street hosted live performances.

Those two events saw significant footfall rises. Regent Street’s pedestrianisation, for instance, saw footfall rising 33.7% year on year and the live performances on Oxford Street saw it up 25.1%.

“Both events featured on-street festive activations and in-store offers and experiences, drawing crowds and causing footfall to surge by nearly a third across the weekend,” a spokesperson told the news organisation.

NWEC also told the BBC that it has been seeing “real momentum” overall during the period.

Its statements come as retailers in the area pull out all the stops to attract more people through their doors. Significant moves includes the Disney takeover at Selfridges; John Lewis opening its temporary VIP members lounge in its flagship; last weekend’s special appearance by Lewis Hamilton at Lululemon’s Regent Street store; Penhaligon’s upgraded reopening; the latest Michael Kors opening; and multiple events and debuts on Bond Street, Carnaby Street and beyond.

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Coty appoints former Procter & Gamble executive Markus Strobel as interim chief executive

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48 minutes ago

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December 22, 2025

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AFP

Published



December 22, 2025

US cosmetics group Coty announced on Monday that it has appointed Markus Strobel as interim chief executive officer, effective January 1.

Markus Strobel – Coty

Markus Strobel, who spent 33 years of his career at Procter & Gamble, will take the reins at Coty “at a pivotal moment for the company,” according to a press release by Coty, “as a strategic review of the consumer beauty business is underway.”

Markus Strobel succeeds both Peter Harf, who will retire from Coty’s Board of Directors after more than thirty years of service, and Sue Nabi, who will step down as CEO after a five-year term, the release said.

“Harf’s leadership has helped shape Coty into a global beauty leader, while Nabi has overseen the launch of several major hit fragrances, including Burberry Goddess, and significantly reduced Coty’s net financial leverage,” the release said. “Both leave Coty on a solid footing for future profitable growth,” it added.

On the Paris stock exchange, Coty’s shares were down 5.54% at €2.65, while the wider market was 0.21% lower at around 09:40. Since the start of the year, the stock has fallen by more than 50%.

“I’m delighted to be joining Coty at this key moment. Building on Coty’s solid foundations, I see considerable potential to accelerate growth,” said Markus Strobel.

In September, Coty announced the launch of a strategic review of its consumer cosmetics division, with the aim of refocusing on perfumery by bringing together the “prestige” and “consumer” fragrance divisions.

But Coty is on the verge of losing the Gucci licence, as luxury group Kering, owner of the Italian brand, has sold its beauty division to the world’s leading cosmetics company, French group L’Oréal.

The group fell into the red in the 2024/25 financial year (which ended in late June) with a net loss of $381 million, compared with a net profit of $76 million a year earlier. Sales fell by 4% to $5.9 billion.

In the first quarter of the 2025/26 financial year, results were down, with net profit falling 19% to $64.6 million and sales down 6% to $1.58 billion.
 

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Dune losses widen as results lag investment in growth

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1 hour ago

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December 22, 2025

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Published



December 22, 2025

Dune — or more specifically Dune Topco Ltd — has filed its results for the year to February 2025 with turnover in the latest 53-week period falling to £137.6 million from £141.9 million in the previous 52-week year.

Dune

Gross profit dipped to £66.1 million from £68.2 million and the operating loss widened to £5.88 million from £2.7 million. The loss before tax was £7.4 million, almost double that of the £3.8 million loss in the previous year and the net loss for the period was £6.2 million, much worse than the almost-£1.7 million loss the year before.

The company talked of a challenging trading environment but also said that AW25 sees it trading strongly as demand for boots and bags has helped to drive like-for-like sales up in double digits.

It also faced the fact that it’s investing heavily in expansion and the fruits of this investment will be seen in the future rather than in the year in question. The company highlighted how its latest financial results “lag behind the strategic changes under way in the business”.

The company said that the year saw it with a clear strategy focused on “transitioning the business from a UK high street footwear retailer to a global footwear and accessories brand significantly distributed through partners”.

It delivered retail sales growth in the year, both overall and on a like-for-like basis, reflecting good progress in omnichannel in the UK market and in category development, in particular in accessories.

Beyond the UK, Dune International delivered growth in earnings in the year of consolidation of low-margin accounts with a heightened focus on development of key strategic markets supported by a reduction in admin costs.

During the period it opened one new outlet store and launched on two new online marketplace with a UK and European customer base. New stores and concessions were also opened in conjunction with its franchise partners in the Middle East, Australia, Libya, Croatia and the Philippines. 

It has also grown existing and new wholesale accounts in the UK and overseas, including in both concessions and online in the North American market. At the same time it’s been exiting UK stores that “no longer have the prospect of being profitable”.

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