Monsoon Accessorize forecasts return to profit following ‘painful’ year

Monsoon Accessorize is set to return to profitability this year following a “painful” last 12 months.
The retailer’s CEO Nick Stowe told Drapers the company was forecast to hit high single-digit or low double-digit EBITDA by the end of its current financial year.
It comes as Monsoon swung to a £2.2m loss in the year to 31 August 2024, down from EBITDA of £20m the year before. Sales dropped 11.8% to £218.7m.
Stowe blamed its losses on increasing running costs,