Retailer Thrives Amidst Challenging Environment

  • EWM’s revenue increases after acquisitions
  • Revenue reaches £936m for 18-month period
  • 14% reduction in group profits to £62.7m
  • Underlying losses halved post Jaeger acquisition
  • Group acquired Berwin Holdings, Baumler Designs and Calverton Brands in 2018
  • Edinburgh Woolen Mill brand reports pre-tax profit of £32m
  • Peacocks fascia records pre-tax profit of £66.5m

Edinburgh Woollen Mill (EWM) has reported a significant increase in revenue to £936m for the 18-month period ending August 2018, compared to the previous 12-month period to February 2017. This growth can be attributed to acquisitions such as Jaeger and other retail brands like Berwin Holdings, Baumler Designs, and Calverton Brands. Despite a 14% reduction in group profits to £62.7m, underlying losses were cut in half after acquiring Jaeger. The company’s eponymous brand and Peacocks fascia both recorded pre-tax profits. EWM Chief Commercial Officer Steve Simpson credits their focus on customers for the success amidst a difficult retail landscape.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Edinburgh Woollen Mill’s revenue increase, profit reduction, and acquisitions of various brands. It also includes quotes from a company executive. However, it could provide more context on the retail environment challenges mentioned by Steve Simpson.
Noise Level: 3
Noise Justification: The article provides relevant information about Edinburgh Woollen Mill’s financial performance and acquisitions, as well as insights into the retail environment. It also includes quotes from a company executive. However, it could benefit from more analysis of long-term trends or possibilities in the retail industry and exploring consequences for those affected by these decisions.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry
Financial Rating Justification: The article discusses financial results of Edinburgh Woollen Mill Group, including revenue increase and profit changes, as well as acquisitions of other retail brands. This is relevant to the financial performance of the company and the retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk