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
Karen Millen enjoys buoyant Christmas trading

WomenÂ’s fashion retailer Karen Millen has reported a strong trading performance over the Christmas and New Year period as global sales including franchise operations climbed by 10%.

GENERAL MERCHANDISE

Karen Millen enjoys buoyant Christmas trading

WomenÂ’s fashion retailer Karen Millen has reported a strong trading performance over the Christmas and New Year period as global sales including franchise operations climbed by 10%.

In the three weeks to 4 January, like-for-like sales in the UK and Ireland increased by 12%. There was also a strong performance in continental Europe with like-for-like sales in Spain rising by 25% and by 22% in France. In Denmark sales grew by 16% on a like-for-like basis.

The retailer said that other international markets had also seen buoyant trading. This included Australia where like-for-like sales increased by 7%. International sales now account for 65% of Karen Millen global sales.

Sales growth was seen across all of the retailer's categories and there were also good margin improvements due to higher full price sales.

Karen Millen chief executive Mike Shearwood said: “It is a great endorsement of the desirability of our products and our strategy to maintain full price sales by offering a higher level of product exclusivity right through to Christmas, despite the competitive environment we are in, and the challenging economic times for customers.

“This is one of Karen Millen’s most successful trading periods to date and puts us in a very strong position to deliver further growth. We have spent the last year investing heavily into the business and its infrastructure and we are hugely excited about the future as we continue to invest.”

Shearwood said the company was making good progress towards its target of operating from at least 400 stores in 2014 and in adding new countries to its current list of 58 markets. He added: “Our aim is to have global flagship stores in the major fashion capitals of the world supporting our full price trading stance. We believe we are very well placed to capitalise on the international growth opportunities ahead.”

 

 

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