Jigsaw reports strong growth
Jigsaw has reported strong trading in the year to 27 September.
The fashion retailer saw its like-for-like sales increase by 9.5% while EBITDA climbed by 78.4% to £3.14 million.
Jigsaw said trade was boosted by its new Duke Street Emporium in London’s Mayfair and by an “excellent” omni-channel capability.
E-commerce sales grew by 34% as the retailer launched a next day click-and-collect service and a new “check store stock” function. Group turnover in 2014 reached £91 million including VAT.
Never Miss a Retail Update!Jigsaw said it was currently trading ahead of the year in sales, margin, and gross profit. The company has recently opened a number of overseas stores including two in South Africa, one in Abu Dhabi, and one in Los Angeles. In addition, it has launched a concession in Dublin and a pop-up at El Corte Ingles.
Jigsaw has also opened a new store in the UK and plans to launch four more in spring 2015. The company said its luxury fascia, The Shop at Bluebird, is currently trading 39% up in the season to date.
Peter Ruis, Jigsaw chief executive, said: “I am delighted with the progress Jigsaw has made in the last financial year.
“We have created solid momentum across every facet of the brand, keeping innovation and differentiation at our core.”
