Monsoon Accessorize

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Monsoon Accessorize Ltd.
Type High Street Retailer
Genre chic
Founded 1973
Founder(s) Peter Simon
Headquarters London, United Kingdom
Products Cloths, hand bags, coats, hats, curtains, scarves, furnishings, feminine apparel.
Owner(s) Peter Simon
Divisions Monsoon. Accessorize.
Website

Monsoon website

Accessorize website
A Sutton, Surrey, Accessorize shop.

Over view[edit]

Monsoon Accessorize (AKA- Monsoon Stores Ltd) is a design-led retailer based in London operating two international retail clothing chains - Monsoon and Accessorize [1]

Corporate history[edit]

It was founded in Beauchamp Place,[1][2] Knightsbridge, London back in 1973,[1][2][3] during 1973[2][3][4] by Peter Simon[disambiguation needed].[2][3][4]

Accessorize evolved in the early 1980s as an a novelty fashion accessories in an adjoining shop to the Monsoon, Covent Garden Piazza branch.[5][5] [6][6]

In May 1999, the Monsoon Home line was launched its first shop in Kings Road, London. The range incorporates the Monsoon look and philosophy creating an innovative and individual home accessories range.[5][6]

In 2001, Monsoon Baby line was launched as was Accessorize Angels.[5][6]

2003 Monsoon Boy line was launched with Monsoon Men line following in the autumn of 2004.[5][6]

Monsoon Accessorize went into negative fiscal growth in 2013 what founder Peter Simon described as the “most difficult time” in the retailer’s 40-year history as it announced a 12 per cent decline in group sales to £529 million over that full financial year.[7][8]

In the UK and Republic of Ireland sales had dropped 10%. The firm's international sales, excluding Russia, dropped 21% to £16.8 million.[7]

Total corporate sales had risen by 4.3% to £552m in the financial year up to August 31, 2014, so driving the group from a pre-tax loss of £2.4m in 2012 to a pre-tax profit of £18.1m in 2014.[9][10][11]

Management[edit]

Monsoon Accessorize's chief executive, as of 2014, was John Browett.[11]

Share holders[edit]

Suppliers[edit]

They have worked with many of there South Asian and Afghan suppliers for over 20 years, by 2014.[2][12][13]

Stores[edit]

There were 388 Monsoon and Accessorize stores in the United Kingdom and Ireland by 2013 [5][6] and 400 in the and over 1,000 throughout the world by 2014.[1] They are in the UK, Ireland, France, Australia, Austria, Germany, Russia,Australia, Brazil, The Czech Republic, Denmark, France, Greece, Gibraltar, Iceland, Italy, Lebanon, Malta, the Middle East, The Netherlands, Norway, Portugal, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland and UAE.[1][1][5][6]

Lines and brands[edit]

'===Monsoon for Women==='

===Monsoon for Men===

Soon for Women[edit]

Shoes & accessories[edit]

Monsoon girl[edit]

Monsoon baby[edit]

Beachwear[edit]

Coats[edit]

Wedding[edit]

Monsoon Boy[edit]

Jewelry[edit]

Gifts & home[edit]

Monsoon Home[edit]

Boutique[edit]

Hats & Fascinators[edit]

Scarves[edit]

Shoes & Bags[edit]

Occasion Range[edit]

Accessorize Angels[edit]

Corporate Ethics[edit]

Charity work[edit]

The Monsoon Accessorize Trust, to help women and children in Asia.[1][2] Charity projects for 2013, including a project to help revitalise the local silk cultivation industry in post-Taliban Afghanistan.[2]

Monsoon became a leder in forming the Ethical Trading Initiative (ETI) [14][15] after the 2013 Savar building collapse[14][15] due to structural integrity and failure.

Green issues[edit]

Monsoon has only ever used humanly grown angoras wool. [5][6]

Corporate awards[edit]

It won the Queen’s Award in Enterprise for International Trade.[1]

Criticism[edit]

Their women's jumpers were criticised for stretchering too heavily if washed in over warm washing conditions or badly fading when exposed to harsh cleaning chemicals during the late 2000s.

An eight-story factory building, Rana Plaza, Saver just outside the capital Dhaka, collapsed on 24th, April 2013, killing 1,127 [16][17] Bangladesh Factory Collapse Death Toll Hits 1,021 [17] of the ~1,810 people inside it. ~600 survived, some badly wounded. It was run by New Wave Style and New Wave Bottoms, who supplied Monsoon [18] (along with Walmart, Carrefour, Bonmarché, Mango, Auchan and KiK, Primark, Loblaw, Primark, Bonmarché and El Corte Ingles).[19]

Benetton had severed links with them recently. [20] Corporate safety issues are often neglected in Bangladesh, which has a poor track record on it.[20] The Bangladesh's garment industry is second only in size to China's, yet Bangladeshi workers are the lowest paid in the world as of 2013.[20] After the 2013 Savar building collapse, Walmart became a founding member of the Alliance for Bangladesh Worker Safety, but Monsoon has declined to comment either way.

It emerged in 2013, that it charged suppliers a rebate of up to 4% on all invoices as well as a further charge of up to 10% for early payment.[21] It was later revealed that it also charged suppliers a rebate of up to 4% on all invoices in 2012 and 2013.[21] The UK high-street based retailer was criticised in 2013 by the British Forum for Private Business over changes to its payment terms and charges on suppliers.[22]

References[edit]

  1. ^ a b c d e f g h http://uk.monsoon.co.uk/view/content/our-company
  2. ^ a b c d e f g "Heritage". Uk.monsoon.co.uk. Retrieved 2014-05-03. 
  3. ^ a b c Laura Heywood (2013-08-21). "MONSOON: Latest news, analysis and comment on Monsoon". Retail Week. Retrieved 2014-05-03. 
  4. ^ a b "Monsoon - company history". Web.archive.org. 2006-04-23. Retrieved 2014-05-03. 
  5. ^ a b c d e f g h "Monsoon - company history". Web.archive.org. 2006-04-23. Retrieved 2014-05-04. 
  6. ^ a b c d e f g h "Heritage". Uk.monsoon.co.uk. Retrieved 2014-05-04. 
  7. ^ a b "Monsoon Accessorize reports "most difficult year"". Retail Gazette. Retrieved 2014-05-03. 
  8. ^ Gallagher, Victoria (2013-08-06). "Monsoon Accessorize to change staff hours | News | Drapers". Drapersonline.com. Retrieved 2014-05-03. 
  9. ^ "Monsoon Accessorize turnover soars 4.3 percent in FY'13 - Fashion - Fashion-news". Fashionunited.co.uk. 2014-02-07. Retrieved 2014-05-03. 
  10. ^ "Monsoon and Accessorize founder invests in furniture retailer Loaf". Growthbusiness.co.uk. 2014-01-15. Retrieved 2014-05-03. 
  11. ^ a b "Monsoon back in the black as former Apple boss boosts sales". Telegraph. Retrieved 2014-05-03. 
  12. ^ "Ethical Trading". Uk.monsoon.co.uk. Retrieved 2014-05-03. 
  13. ^ "Women & children's clothing | Free Returns & UK Delivery". Uk.accessorize.com. Retrieved 2014-05-03. 
  14. ^ a b "Ethical Trading". Uk.monsoon.co.uk. Retrieved 2014-05-05. 
  15. ^ a b "About ETI | Ethical Trading Initiative". Ethicaltrade.org. Retrieved 2014-05-05. 
  16. ^ By JULHAS ALAM and FARID HOSSAIN May 13, 2013 1:56 PM (2013-05-13). "Bangladesh collapse search over; death toll 1,127 - Yahoo News". News.yahoo.com. Retrieved 2014-05-05. 
  17. ^ a b http://www.nytimes.com/aponline/2013/05/09/world/asia/ap-as-bangladesh-building-collapse.html?ref=global-home
  18. ^ "Bangladesh Building Collapse: Factory 'Supplied High Street Fashion Retailers'". Huffingtonpost.co.uk. Retrieved 2014-05-05. 
  19. ^ Ovi, Ibrahim Hossain (2013), Buyers' compensation for Rana Plaza victims far from reality, retrieved 2013-12-16 
  20. ^ a b c "Bangladesh Building Collapse: Factory 'Supplied High Street Fashion Retailers'". Huffingtonpost.co.uk. Retrieved 2014-05-04. 
  21. ^ a b "Monsoon Accessorize criticised for mandatory supplier rebate". PrintWeek. Retrieved 2014-05-03. 
  22. ^ "Monsoon faces criticism over supplier terms". Just-style.com. 2013-02-25. Retrieved 2014-05-03. 

External links[edit]