Jigsaw pulls in loss as marketing investments fall short

Jigsaw swung into loss in its last financial year, as it was impacted by investments in brand marketing and people that failed to pay off.
The fashion retailer made a pre-tax loss of £3.6m from a profit of £816,000 the year before. However, sales nudged up from just over £56m to £57m over the 12 months to the end of January.
EBITDA also sunk to just £700,000 from £3.6m the year, which it said reflected increasingly difficult market conditions that emerged duri