But we can't read very well the "M" inside. Can't you follow same idea but 3 letters in the circle. Perhaps you can try putting the text "Mile End Clothing" all around the circle. But you have to change the font.
Please try more, you are in heading in the right direction.
Thank you for giving me a few feedback. I have the similar design concept, but this time I use caps for the 3 letters. I changed the font with something more elegant and easy to read. But I didn't put the text around the circle, because the layout can look odd for this concept.
I think my latest submissions can be similar as emblem.