Home / Knowledge / News / Fashion / Fashion retailer Karen Millen Dec sales up 10%
Fashion retailer Karen Millen Dec sales up 10%
16
Jan '14
Karen Millen, the international fashion retailer, reports strong performance across the business for the Christmas and New Year trading period 3 weeks through December to 4th January 2014.

- A significant increase in global sales +10% (including franchise operations)
- The business has delivered strong performances in its European markets
- UK, Republic of Ireland and online sales have delivered like-for-like increase +12%
- Spain like-for-like increase +25%
- France like-for-like increase +22%
- Denmark like-for-like increase +16%
- Other international markets have also demonstrated robust performances
- Australia has increased like-for-like sales +7%
- International sales now account for 65% of Karen Millen global sales
- Sales growth delivered across all categories with good margin improvements due to higher full price sales

Commenting on the performance, Mike Shearwood, CEO of Karen Millen, said:  “We are delighted with the trading results for our teams who have worked so hard to deliver an exceptional level of client experience through an extremely busy time.

"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.

“We are making good progress towards our target of operating from at least 400 stores in 2014, and adding new countries to our current list of 58 markets.  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.”

About Karen Millen

Karen Millen is an international fashion house with stores in over 55 countries including global fashion capitals around the world.  Under the creative direction of their CCO, Gemma Metheringham, their collection has evolved to offer a luxurious high-low mix of perfectly cut trend-led pieces and seasonal wardrobe staples including their iconic biker jacket. 

Every piece in their collection is designed, cut and finished in their design studio based in Shoreditch London, to ensure their brand continues to stand for exceptional quality, craftsmanship and cutting edge design. They create modern effortless fashion for today’s intelligent, urban woman.

Karen Millen


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search