The Interpath Retail Index ranks UK’s fastest-growing retailers, with Castore topping the list for fashion.
- Known for its sportswear, Castore achieved a 159.92% growth, reaching a turnover of £115m.
- Sustainable brand Passenger Clothing follows with a 111.14% growth and £34.3m turnover.
- Nobody’s Child stands third, witnessing a 102.87% growth to £26m.
- Industry leaders are celebrated for their impressive financial achievements despite relying minimally on external funding.
In a significant achievement, the Interpath Retail Index has crowned Castore as the fastest-growing fashion retailer in the UK. Specializing in sportswear, Castore exhibited an astounding 159.92% two-year compound annual growth rate (CAGR), culminating in a remarkable £115 million turnover in 2024. Castore’s strategy to focus on understanding customer needs while avoiding fleeting fashion trends has been pivotal in their success story.
Following closely, Passenger Clothing, recognized for its sustainable approach to outdoor wear and accessories, secured the second position. With a 111.14% CAGR, the company reached a turnover of £34.3 million. This accomplishment highlights the growing consumer preference for sustainable fashion choices.
In the third spot, Nobody’s Child, a womenswear brand, reported a CAGR of 102.87% with a turnover of £26 million. Their remarkable growth reflects a successful strategy in catering to contemporary women’s fashion needs.
Moss Bros, a menswear retailer well-known for formal attire, achieved 99.94% CAGR growth, taking their turnover to £151.6 million. This performance underscores the resilience and enduring appeal of formal menswear in the market. Meanwhile, Me & Em, a brand celebrated for its contemporary style, completes the top five with a 93.67% CAGR and a turnover of £82 million.
These businesses are part of a cohort that experienced phenomenal growth largely without external funding. Orlando Martins, Oresa’s founder and CEO, commended these brands for their rapid pace in creating jobs, expanding export markets, and contributing to national revenue. He further noted the potential for even greater achievements if financing were more accessible across the UK.
Mark Raddan, Group CEO at Interpath, expressed his enthusiasm for the recognition of such innovative retailers, emphasizing the transformation occurring within the sector. The emphasis on internal growth strategies by these companies reflects an entrepreneurial spirit that is intrinsic to the retail industry.
Castore and its peers exemplify the dynamic growth within the UK’s retail sector, powered by innovation and strategic focus.
