Philip Day web
You may not agree with Philip Day’s strategy of snapping up in-distress brands, but it cannot be denied that his influence on the British high street is growing at a rapid pace. Acquisitions over the past 18 months include Jaeger, Austin Reed, Country Casuals and Viyella, adding to his existing portfolio of Peacocks, Edinburgh Woollen Mill, Jane Norman and Ponden Home. He is also said to have been involved in talks to buy Coast, Oasis and Warehouse.
At the end of May, Day launched a new department store concept. The eponymous chain, Days, made its debut in Carmarthen, south Wales, and two more stores are due to open in Crawley and Bedford next summer. Day has ambitious plans to roll the chain out to 50 locations across the UK. Meanwhile, the group’s most recent results show sales rose 2.4% to £576.3m in the year to 28 February 2016, and profit before tax and exceptional items increased by 2.4% to £90.9m.