Revenues rise but losses widen at Missguided

For the 53 weeks to April 1, 2018, Missguided reported rise in revenues to 215.9 million pounds compared to 205.8 million pounds last year, however, the company said in accounts filed with the Companies House UK that losses widened to 46.6 million pounds against 1.3 million pounds last year due to “significant investments made in gross margin to exit poorly selected product with an 8 percent point reduction against the prior year and a 60 percent year on year increase in central support costs.”