Jigsaw Christmas sales up 17%
Womens fashion retailer Jigsaw saw its like-for-like sales jump by 17% over the Christmas trading period despite what it described as a climate of aggressive discounting on the high street.
In the five weeks to 28 December 2013, online sales also surged to rise by 39%.
In addition, the retailer has reported that sales in the year to 28 September 2013 climbed 7% to £64.2 million with net profit rising 21% to £1.9 million.
Jigsaw chief executive Peter Ruis said: “We are pleased with the progress we have made during this period. Trading conditions remain challenging but we are optimistic for the current financial year. The focus will be on continuing to bring innovation to our customers, in both bricks and clicks, enhanced by significant investment over the next 12 months.”
The investment will include the opening of a 6,000 sq ft flagship store in London’s West End in April 2014.
Ruis added: “This exciting new store will be a radical departure, and begin the journey to re-define Jigsaw for the next decade. Following on from our heritage of unique retail design, it will be the first time our customer can access every element of the Jigsaw empire under one roof.”
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