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RETAIL NEWS

Jimmy Choo makes 'excellent' progress in 2015

Luxury footwear brand Jimmy Choo saw its revenue climb by 6%, or by 7% at constant currency, to £318 million in the year ended 31 December after trade was boosted by strong growth in Asia and Japan and new store openings.

RETAIL NEWS

Jimmy Choo makes 'excellent' progress in 2015

Retail revenue climbed by 8% on a reported basis to £208 million while wholesale revenue growth was flat despite the impact of the conversion of Singapore and Malaysia from wholesale to retail.

Peter Harf, chairman of Jimmy Choo, said: "Jimmy Choo continues to outpace the sector despite the challenging competitive environment. The company successfully reversed the first half decline in wholesale revenues and is on track with growth forecasts in Asia and Japan where brand awareness continues to grow strongly.”

The company said the best performing category was shoes, which represented 76% of net revenues. Meanwhile, accessories volumes remained stable with a trend towards smaller bags.

Pierre Denis, chief executive of Jimmy Choo, said: "Jimmy Choo made excellent progress in 2015, delivering renovation of the retail portfolio whilst continually evolving the product mix and meeting development targets. Our creative director, Sandra Choi, and her team have seen their designs warmly received by clients and critics - a key factor in the growing global appeal of our brand."

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