Missguided ‘looking at stores roll-out’
ONLINE retailer Missguided is reported to be looking at a wave of store openings after making a key hire.
The ambitious Salford-based company has so far eschewed having physical stores, but is now looking at opening a raft of stores nationwide, Retail Week said.
Missguided, which saw sales grow 70% to nearly £81m and profits rise fourfold to £4.7m in the year to March 31 2015, confirmed it had appointed former Bench executive Andy Marsh as its head of retail.
Founder Nittin Passi said in a brief statement: “We are delighted to welcome Andy Marsh to the Missguided team and whilst there is nothing concrete, we will continue to explore all options of how we can give the customer better access to the brand both in the UK and internationally.”
The company, which was founded by Mr Passi in 2008, has dipped its toe in the waters of physical stores already. Last June it opened a concession with Selfridge’s at the Trafford Centre.