Fashion
JoJo Maman Bébé sees strength online, but own stores decline
Published
October 28, 2025
Jojo Maman Bébé — the maternity and baby/toddler products specialist — has filed its annual accounts and said the year to the end of January (FY25) saw turnover dipping very slightly.
Its total turnover was £62.2 million, down from £62.6 million in the previous year. But its gross profit increase to 59% from 58.4% and adjusted EBITDA was £1.2 million, up from a loss of £0.9 million a year earlier, although the latest figure was still lower than the EBITDA numbers in both 2023 and 2022.
The company said the increase year on year in FY25 was largely driven by lower costs including a reduction in fixed store costs, as well as growing profitability of sales on Next online.
Other key figures included a loss before tax of £3.7 million this time versus an equivalent loss of £4.8 million in the previous year although that was heavily impacted by one-off expenses of £3.9 million. Profit before tax was affected by significant onerous lease provisions in relation to its store estate, which was the result of declining profitability in the store portfolio.
In fact, it was very much a picture of opposites with online advancing while its own stores declined.
It saw lower like-for-like sales in-store, offset by growth in online and B2B channels. In fact online sales represented 63% of the company total, which was up from 59% in the previous year. Sales via the Next website in particular saw strong growth.
The company said investment by its new owners provided opportunities for it to deliver an improved commercial proposition for the customer and benefit from the economies of scale of the Next UK-wide distribution and store footprint.
Having laid most of the foundations for growth during the previous year, including launching on Next Total Platform and a move to the Next warehouse, starting new B2B partnerships in the UK in the US, and rebranding, the board is “confident the company is well placed to deliver on its strategic plans”.
Copyright © 2025 FashionNetwork.com All rights reserved.
“These landmark deals demonstrate that America can maintain tariffs to shrink the goods trade deficit, while opening new markets for American farmers, ranchers, workers and manufacturers,” said Greer in a statement released by the USTR.
President Donald Trump has secured agreements on reciprocal trade with Malaysia and Cambodia and reached frameworks for such pacts with Thailand and Vietnam, USTR Jamieson Greer recently announced.
Malaysia has committed to providing significant preferential market access for US industrial goods and agricultural exports, while Cambodia has committed to eliminate tariffs on 100 per cent of such goods.
Malaysia has committed to providing significant preferential market access for US industrial goods and agricultural exports, and addressing non-tariff barriers that affect bilateral trade in priority industrial areas.
Malaysia has committed to raising enforcement against notorious markets for counterfeiting and piracy; protecting internationally-recognised labour rights; and preventing forced labour. It has also committed to refraining from banning, or imposing quotas on, exports to the United States of critical minerals or rare earth elements, a joint statement released by the White House said.
Cambodia has committed to eliminate tariffs on 100 per cent of US industrial goods and food and agricultural products and has already implemented the commitment. The agreement includes commitments on digital trade, services, investment, intellectual property, customs and trade facilitation, good regulatory practices, and distortionary behaviors of state-owned enterprises.
Thailand will eliminate tariff barriers on nearly 99 per cent of goods, covering a full range of US industrial and food and agricultural products. It will address and prevent barriers to US food and agricultural products in the Thai market, including expediting access for the United States.
Vietnam will provide preferential market access for substantially all US industrial and agricultural exports. Vietnamese firms have signed 20 memoranda of understanding with US companies to purchase agricultural commodities, with a total estimated value of over $2.9 billion.
Fibre2Fashion News Desk (DS)
Fashion
UK non-food prices fall again but business rate change may drive inflation and cost jobs says BRC
Published
October 28, 2025
UK shop price inflation fell in the first week of October bringing some relief for hard-pressed consumers, the new BRC-NIQ Shop Price Monitor showed on Tuesday.
But the news came at the same time as a warning that UK retail jobs are at risk from potential tax rises.
First those inflation figures. Overall shop price inflation fell to 1% year on year this month. That’s lower than the 1.4% seen in September and the three-month average of 1.1%.
Specific non-food inflation was actually deflation as it has been for some time. And it accelerated as prices fell more than in September (-0.4% this time rather than -0.1%).
Helen Dickinson, chief executive of the BRC, said: “Overall shop price inflation slowed in October, driven by fierce competition among retailers and widespread discounting. Discounts came early to electricals and health & beauty, as retailers started promotions ahead of Black Friday month.
“The IMF recently warned that UK inflation will be the highest in the G7. With the Budget less than a month away, the Chancellor has an opportunity to relieve some of the pressures that are keeping the cost of essentials high.”
And that leads us on to the warning of potential job losses if the forthcoming Autumn Budget hammers retailers.
The British Retail Consortium (BRC) and UK Hospitality have raised concerns over plans to make superstores and other large businesses pay higher business rates.
They said hundreds of sites could close, potentially costing 120,000 jobs.
The changes are designed to give the government room to reduce the burden on smaller businesses and it has said they’ll mean a boost for city centres.
But owners of larger businesses have said it may do the opposite as some major ‘anchor’ sites — particularly large supermarkets and department stores — may close.
Helen Dickinson said ministers should agree to an exemption from higher business rates for retailers to “safeguard hundreds of anchor stores and the vital jobs they sustain”.
She explained that the proposed changes would also added to inflation: “Labour’s promised business rates reform must deliver a meaningful cut to retailers’ rates bills, and ensure that no store pays more. Rising employer National Insurance Contributions and a new packaging tax have directly contributed towards rising inflation, according to the Bank of England. Adding further taxes on retail businesses would inevitably keep inflation higher for longer.”
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In Ludhiana, cotton yarn prices fell by ****;* per kg as stockists and mills tried to attract buyers. A trader from the Ludhiana market told Fibre*Fashion, “Cotton yarn demand has not improved yet. However, cheaper cotton has allowed spinning mills to reduce yarn prices. The arrival of new cotton is expected to keep prices in check in the coming months, with arrivals rising in various states.”
In Ludhiana, ** count cotton combed yarn was sold at ****;***–*** (~$*.**–*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;***–*** (~$*.**–*.**) per kg and ****;***–*** (~$*.**–*.**) per kg, respectively; and carded yarn of ** count was noted at ****;***–*** (~$*.**–*.**) per kg today, according to trade sources.
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