Sweaty Betty posts healthy rise in annual revenue and profit

According to the accounts filed with the Companies House UK, Sweaty Betty’s turnover for the year ended December 25, 2016, increased by 5.7 million pounds or 16.2 percent.

Operating profit for the year was 507,866 pounds (672,696 dollars) compared to 195,897 pounds (259,476 dollars) a year earlier, as a result of increased margin on higher sales and increased number of stores and ecommerce gains. Profit for the financial period was 509,145 pounds (674,260 dollars) against 272,617 pounds (361,026 dollars) in 2015.

Sweaty Betty, the clothing chain found by Simon Hill-Norton along with his wife Tamara in Notting Hill in 1998, sells women’s activewear through 60 Sweaty Betty stores in the UK and concessions in department stores as well as online shops in the UK, the US, Europe and Australia. The company also runs around 13 stores in the US and aims to expand its retail presence in the UK.

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Picture:Sweaty Betty website

 

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