Radley like-for-likes surge by 16% in run-up to Christmas
Radley, the premium handbag and accessories brand, has reported a 16% surge in like-for-like sales in the run-up to Christmas compared to the same period last year.
The company saw strong traffic across all of its retail platforms from 1 November to 31 December, which it attributed to a successful Christmas marketing campaign and a range of new product offerings including collaborations with London Fashion Week designer Holly Fulton.
Radley says it has seen continued company growth of 10% in the financial year to date boosted by solid growth in the UK and an international business which has more than doubled in the last 12 months.
Commenting on the performance Radley chief executive Xavier Simonet said: "I am delighted to announce Radley has delivered an impressive performance over the Christmas period despite the challenging economic climate. Radley is a distinctive British brand offering premium quality products at affordable prices. We expect continued growth in the UK and an acceleration of our global expansion in 2014.”
With a core international business in Japan, Germany and Russia, Radley is continuing to expand overseas with a recent launch in South Africa and further launches planned for 2014 in Greater China, the Middle East and Australia.
Owned by Exponent Private Equity, Phoenix Equity Partners and the company's management team, Radley has 20 UK high street stores while stockists include John Lewis and House of Fraser.
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