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TM Lewin puts its shirt on beating slump
05.11.09
Shirtmaker TM Lewin today pledged to continue its London expansion as it proved it is defying the recession.
The Jermyn Street-based group, which already has 35 stores within the M25, is opening a new branch in Regent Street before Christmas and another in Euston station in the coming months.
Chief executive Geoff Quinn said: “Our stores in the capital have outperformed the rest and we are particularly pleased with Canary Wharf. We believe there are plenty more opportunities in London.” Quinn also predicted a happy Christmas for the retailer: “We are cautiously optimistic about Christmas.”
Underlying profits in the year to the end of February rose 16% to £12.7 million, aided by new store openings. Sales in the six months since then jumped 11%.
Reader views (2)
Their shirts are fine although sizing varies hugely - I have one with sleeves a full inch longer than others in exactly the same range and size.
However, the pricing is embarrassing. Sure, these are £80 shirts..
And they must be the only shirt retailer in the UK who won't press a newly purchased shirt for a client. Even Next do that!
- Giles, London
They are a good value volume retailer. I use them frequently and see many others do too.
They make Charles Tyrwitt look dowdy.
- Dave Davies, Basingstoke, Hants
