End, the premier destination for luxury menswear and cult labels, has experienced a remarkable surge in both revenue and profits according to its latest financial report. The company reported an impressive 33% increase in revenue, reaching a total of £134.7 million for the fiscal year ending on March 31, 2019. This substantial growth has firmly established End as a prominent player in the competitive menswear market.
The brand’s success can be credited to a period of significant expansion, highlighted by the launch of its largest retail space yet – a flagship store located at 59 Broadwick Street in the fashionable district of Soho in London. In addition to their presence in Newcastle and Glasgow, End’s strategic retail locations have contributed to their strong financial performance. The company achieved an operating margin of 20.0% and a near 18% increase in pre-tax profits, totaling £27.2 million.
The growing demand for stylish menswear has played a significant role in End’s success, as evidenced by the popularity of their online store and custom iOS and Android apps. With over 10 million monthly visitors to their website and apps, and a social media following of over 2.4 million, End has effectively capitalized on the trend towards fashionable menswear.
End’s revenues have shown consistent growth, with a remarkable compound annual growth rate (CAGR) of 50% from 2015 to 2019. To support their future expansion plans, End is set to establish a new distribution center near the A1 in Washington, south of Newcastle Upon Tyne. By the end of 2019, a majority of the company’s operations will be relocated to this new facility.
Looking ahead, End’s success in 2019 underscores their ability to adapt to evolving market trends in menswear, while maintaining their commitment to delivering high-end luxury and cult labels to their discerning clientele. With a promising outlook for continued growth, End is well-positioned to further solidify its position as a leader in the menswear industry.
To explore End’s latest menswear offerings and trends, visit their official website here. For updates and behind-the-scenes content, follow End on social media here.
