Notonthehighstreet news and archive

Notonthehighstreet acquired by US private equity firm

British e-tailer Notonthehighstreet has been acquired by US growth equity firm Great Hill Partners. Notonthehighstreet, which sells a range of homeware, accessories and baby and child clothing, has experienced impressive growth in the past year during the pandemic, with revenue up more than 50 percent. During this time, the company’s customer...

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Notonthehighstreet reportedly eyeing 200 million pound sale

British e-tailer Notonthehighstreet is reportedly mulling a 200 million pound sale following surging sales during the pandemic. The retailer, which sells a range of homeware, accessories and baby and child clothing, is working with investment bank Evercore on a potential auction, Sky News reports. City sources told the news publication that a...

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Consumers opted for coziness in September

With winter approaching, retailers need to watch out for certain trends that consumers desire during the festive season. Notonthehighstreet noted its September bestsellers and reported that its sales in ‘sheepers’ slippers went up 190 percent, its cozy socks rose by 401 percent and its scarves grew by 216 percent, this is compared to the sale of...

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Notonthehighstreet records rising profits though sales stay flat

Notonthehighstreet has recorded an almost-doubled operating EBITDA for its full-year results, despite sales remaining broadly flat. For the year ended 31 March, the UK e-tailer saw an 82 percent jump in operating EBITDA from 1.7 million pounds to 3.1 million pounds, helped by more targeted marketing and prudent cost management. However,...

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Notonthehighstreet names new chief executive

Notonthehighstreet, the curated online marketplace, has appointed Claire Davenport as its new chief executive officer. Davenport, the former chief executive of HelloFresh UK, will succeed Barrie Seidenberg, who has led Notonthehighstreet as chief executive since April 2018. Seidenberg was diagnosed with brain cancer earlier this year and will...

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Notonthehighstreet appoints new chief financial officer

Notonthehighstreet.com has appointed Phil Branston as its new chief financial officer and member of its executive team. Branston joins Notonthehighstreet from online food delivery company, Just Eat, and he will be responsible for leading and developing a “high performing finance team focussed on scaling operations”. In a statement,...

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Retail

Notonthehighstreet becomes latest UK retailer to ban use of Mohair

UK e-tailer Notonthehighstreet has become the latest retailer to announce a ban on mohair. The announcement comes after the release of a Peta video exposé in June uncovering the treatment of goats across 12 goat farms in Angora, South Africa. The undercover footage filmed by Peta in January and February of this year shows goats being mutilated,...

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Notonthehighstreet shortlisted Amazon Growing Business Awards

London - Notonthehighstreet.com has been shortlisted for the 18th annual Amazon Growing Business Awards. The online marketplace has been shortlisted as one of the growing businesses of the year, under the larger company category, with an annual turnover of more than 50 million pounds. "It is a real pleasure to be part of championing the...