THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Hackett profits rise by nearly 30%

Menswear retailer Hackett London saw its profits rise to £6.2 million in the year to end March from £4.9 million in the previous year as growth in Europe and the Middle East helped to boost sales.

GENERAL MERCHANDISE

Hackett profits rise by nearly 30%

Menswear retailer Hackett London saw its profits rise to £6.2 million in the year to end March from £4.9 million in the previous year as growth in Europe and the Middle East helped to boost sales.

Turnover increased by 27% to £96 million with retail sales rising by 15% and wholesale turnover up 31% in the year.

Hackett said its wholesale revenues had benefited from growth in Western Europe and the Middle East. New stores opened in the UK at Heathrow Terminal 4 and Canary Wharf had also boosted sales. The company plans to expand further both in the UK and overseas.

In a statement, Hackett said: "Looking forward Hackett aims to maximise the positioning of the brand and to continue global expansion especially in the Far East.

"Retail expansion will also continue across mainland Europe.

"To help achieve the potential of the brand overseas, Hackett will continue to seek business partners in the more challenging markets to bring local expertise and knowledge. Confirmed new territory openings in the next financial year with franchise partners include China, Malaysia and India."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process