In a world that today talks about only store closures, poor sales and bankruptcies, it’s good to hear terms like ‘expansion’ or ‘job opportunities’.
That’s what one got to hear recently when the British fashion retailer PrettyLittleThing announced that it has submitted an application to expand its current headquarters (HQ) at Wellington Mill in Ancoats, Manchester.
The size of the HQ is estimated to be increased by as much as 10,000 square feet.
More space brings in more people. The fashion label has announced that with the increase in the size, it plans to appoint around 200 people, which would help increase the total number of staff in the UK to 600.
The decision is seen as a part of the retailer’s plans to convert its former warehouse on Ancoats worksite into offices, which had got approval last March.
Manchester has been a profitable ground for PrettyLittleThing for last 7 years, and with the retailer continuing to grow despite all the challenges, it has no second thoughts in investing in the city and its people.
Earlier in May, Boohoo had acquired 34 per cent stake in PrettyLittleThing for US $ 331 billion after it had bought 66 per cent stake in 2017 and ever since PrettyLittleThing has grown at a rapid rate. In fact its revenues rose by 107 per cent to clock US $ 460 million in February 2019.
Notably, in the fiscal year ending February 2020, PrettyLittleThing had 6.3 million active customers.
While Boohoo has been in news for all wrong reasons over the last few weeks, PrettyLittleThing’s plans to expand its HQ and increase its headcount is something to cheer for fashion label and its owner.
PrettyLittleThing, which operates in the UK, Ireland, Australia, France and the US, is known for its fashion apparels especially for young women.