Studio recorded a 52% rise in adjusted profit before tax to £18m in the 26 weeks to September 25 as more customers shifted to online shopping.

Revenues grew 17% to £268m during the same period, reflecting an increase in demand and the growth of Studio’s active customer base by 15% to 2.1 million.

In the third quarter to date, Studio also reported “materially stronger profit performance” as November saw a quieter promotional market than the same period last year, with revenues up 32% year on year.