Weird Fish Limited reports strong sales and profit growth in 2024
Weird Fish Limited, the casual lifestyle clothing and accessories company, has announced a period of robust financial growth for the year ended December 29, 2024.
Turnover for the year improved to 42.6 million pounds and the company reported operating profit of 4.17 million pounds, profit before tax of 2.94 million pounds, while net profit rose to 2 million pounds.
The gross margin improved by 8 percentage points, reaching 63.4 percent, attributed to reduced discounting and improved intake margin. The company said in a filing with the Companies House that the company's strategic initiatives, including route to market optimization, physical expansion, and margin improvement, have contributed to this strong performance.
Weird Fish opened six new retail stores and 28 concessions during the year, alongside accelerated investment in third-party platforms including Next, Mountain warehouse, Freemans and Matalan, to expand brand awareness.
Online revenues grew by 16.8 percent to 20.9 million pounds, and the retail division saw a 7.6 percent growth to 15.6 million pounds. International revenues also increased by 8.5 percent to 1.36 million pounds, aided by the introduction of Global-e in 2024.
The company added that challenges such as the increased cost of living, inflation, and rising wage costs continue to put pressure on the business.
Looking ahead, Weird Fish plans further expansion in the UK, aiming to open an additional 10 retail sites and 15 concessions in 2025. The focus will remain on enhancing product ranges, improving margins, and investing in people and systems.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ITV News
6 hours ago
- ITV News
Bruce Springsteen fans in 'roll call' ahead of Liverpool concert
Superfans of Bruce Springsteen have been showing their loyalty by turning up for a 'roll call' ahead of his Anfield concert. Hundreds of people gather in Stanley Park at 10am, 3pm and 7pm every day and receive a number to ensure they get the best spot at the front of his gig. The legendary musician and the E-Street Band will play two concerts at Anfield Stadium this week on Wednesday June 4 and Saturday June 7. Springsteen fans are used to the ritual of the roll call as the practice has been commonplace for fans going to his gigs since 2009. It's all planned with the organisers, after their number is written on their hand, they have to return for every roll call to keep their spot. Fans of 'The Boss' explain the roll call system and why it is worth the wait One fan says: "As long as you've got your number and you turn up for roll call then you keep that number, but if you don't turn up then you are scrubbed off the list. It's all worth it because some of us are a little bit older and when security come they walk us in, there's no running or pushing in front of each other"
The Guardian
11 hours ago
- The Guardian
Luxury Airbnbs: tell us what got you into running one, or booking a stay at one
High-quality finishes, amenities such as pools, saunas, snooker tables and firepits, or a prime location: luxury Airbnb-style rentals are on the rise, amid a skyrocketing demand for holiday stays at exclusive and often very large properties that can cost thousands per night. We're interested to hear from both owners of luxury short-term rentals and from guests who have booked stays at them. If you own a luxury Airbnb or similar type of holiday let, tell us what made you enter this market, and how business has been. If you've stayed at such a property, share what your experience was like, and what drew you to booking it. Tell us what got you into running a luxury Airbnb-style rental, and what business has been like, or what got you into booking a stay at such a property. Please include as much detail as possible Please include as much detail as possible Please include as much detail as possible Please note, the maximum file size is 5.7 MB. Please note, the maximum file size is 5.7 MB. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. If you include other people's names please ask them first. Contact us on WhatsApp at +447766780300. For more information, please see our guidance on contacting us via WhatsApp. For true anonymity please use our SecureDrop service instead. If you're having trouble using the form click here. Read terms of service here and privacy policy here.
The Independent
12 hours ago
- The Independent
The hidden cost of tech complexity – and what you can do about it
Freshworks is a Business Reporter client Most tech solutions promise simplicity but deliver chaos, costing time, decisions and connection – it's time for change. As companies grow, they often move fast. New markets, new customers, new demands. But growth tends to bring a flood of quick tech purchases – each solving a specific problem, each adding another layer. Before long, the very tools meant to enable speed begin to slow everything down. It's a familiar trap: complexity creeps in quietly. A duplicate process here, a siloed system there, and suddenly teams are misaligned, data is fragmented and performance suffers. Complexity is the enemy of scale As a tech leader with experience across the sector, I've seen this pattern repeat across industries and continents. Businesses of all sizes end up fighting the same invisible force: fragmentation. Teams operate from conflicting versions of the truth. Manual handoffs and makeshift integrations clog up workflows. And tech investments stall before delivering value. And it's not just operational. Fragmented systems slow down operations and obscure visibility. When your support desk, product analytics, customer database and financial systems can't communicate effectively, you're essentially making decisions without real insight. Take customer retention. If your support platform can't surface relevant in-app behaviour or billing anomalies, your team can't intervene at critical moments. That's not just a missed support ticket – it's a lost customer. Worse, it may signal dozens more if warning signs aren't shared across departments. Good intentions, bad outcomes Ironically, fragmentation often stems from good intentions. Departments adopt specialised tools to solve local challenges. But without a coherent architecture or integration strategy, organisations end up with tech stacks that resemble patchwork quilts and intelligent automation falls flat. It's what Stanford researchers Bob Sutton and Huggy Rao, authors of The Friction Project, call 'addition bias' – the instinct to add features, tools or steps instead of removing them. In their study of global brands, this tendency increased friction and slowed performance. Simplifiers, they found, often faced resistance, while adders, those who added complexity, were rewarded – even when performance suffered. Too often, organisations are sold bloated platforms packed with unused features, marketed as 'added value' but delivering the opposite. Implementations drag on for months, results take years, and the very tools meant to empower teams end up complicating their work. Meanwhile, the real cost is paid by employees, who now spend their time navigating systems rather than solving problems. AI only works if it's connected Artificial intelligence has enormous potential to accelerate business. But that promise breaks down fast without integration. Disconnected systems can't fuel automation and half-built workflows create more work – not less. But when applied strategically, AI delivers real results. Finance teams can analyse costs and optimise spending in real time. Support teams can use AI-powered agents to handle routine support tasks. Engineering can automate troubleshooting. HR can screen candidates more efficiently. And the payoff is clear: 98 per cent of employees are already getting time back in their workday thanks to AI – reinvesting it in higher-value efforts such as boosting productivity (71 per cent), coaching others (67 per cent) and tackling more creative or complex challenges (66 per cent). When AI is properly integrated across functions, it doesn't just streamline operations. It empowers people. Escape the cycle: a strategic path to uncomplicating systems The good news? It's possible to break the cycle. Here's how forward-thinking organisations are simplifying by design: Inventory everything. Map every tool across departments. You can't fix what you can't see. Use workflow automation to identify data gaps, redundancies and ownership. Prioritise integration. Evaluate platforms for open APIs and native integrations. Tools that don't integrate easily should raise red flags. Unify your data. Create a single source of truth for customer information – whether via a centralised platform or a modern data unification layer. Ensure every team works from shared insights. Designate integration leaders. Empower individuals or teams to connect departments, break silos and ensure systems integrate strategically, not reactively. Collaboration tools help align efforts. Think in platforms, not point solutions. Consolidate where it makes sense. Choose platforms that support multiple workflows – not only for current needs but also for future direction. Simplicity as a competitive edge Customer experiences are powered by the systems employees use every day. That's why tech leaders must focus on alignment, not just implementation. Sustainable speed doesn't come from scattered bursts of progress. It comes from unified momentum. In any context – business, productivity or daily operations – complexity breeds inefficiency, higher costs and slower decisions. Simplicity unlocks focus, clarity and results. For teams, unnecessary complexity causes stress and burnout. Simplicity fuels effectiveness. So the question leaders should be asking isn't whether they can afford to simplify. It's whether they can afford not to. At Freshworks, we believe simplicity isn't a sacrifice. It's a competitive edge. It's time to uncomplicate and get maximum value from your tech stack.
