Coast (clothing)

Coast store, Oxford Street, London, 2016

Coast is a British women's clothing retail chain, founded in 1996.[1]

Coast was owned by Aurora Fashions, along with fashion brands Warehouse and Oasis.[2] Aurora in turn was owned by the Icelandic Kaupthing Bank, and had been in administration for some time, with the administrators looking for potential buyers, with a possible valuation of not more than £100 million for Coast, Warehouse, and Oasis reported in November 2016.[3] In April 2017, The Daily Telegraph reported that the three brands employ up to 5,000 people and were attracting interest from private equity, who would likely close some of the stores.[4] Retail Week speculated that the future for brands like Coast will be in department store concessions and online, rather than stand-alone stores.[5]

In 2016, Coast had a pre-tax profit of £1.3m, following a pre-tax loss of £10.8m in 2015.[4]

As of September 2017, they had 20 stand-alone stores in the UK, five in Ireland, two in Kuwait, and two in the UAE, as well as numerous in-house concessions in Beatties, Debenhams, House of Fraser and John Lewis.[6]

  1. ^ "About Us at coastfashion.com". coastfashion.com. Retrieved 13 September 2020.
  2. ^ "What is warehouse clothing stores customer services number? – Kgb Answers". Kgbanswers.co.uk. 13 May 2014. Archived from the original on 18 October 2016. Retrieved 15 October 2016.
  3. ^ Hendriksz, Vivian (28 November 2016). "Could Coast, Warehouse and Oasis be up for sale?". Retrieved 5 September 2017.
  4. ^ a b Armstrong, Ashley (30 April 2017). "New owners of Coast, Warehouse and Oasis could shut stores to save the brands". The Telegraph. Retrieved 5 September 2017.
  5. ^ "Opinion: Do Oasis, Warehouse and Coast really need stores?". retail-week.com. Retrieved 5 September 2017.
  6. ^ Stores, Coast. "Coast Stores". Coast Stores. Retrieved 4 September 2017.