Mulberry sees strong festive sales
Luxury handbag retailer Mulberry has reported a strong performance over the Christmas trading period and said that its full-year results are expected to exceed expectations.
Retail sales for the 16 weeks to 14 January increased by 30% while like-for-like retail revenue rose 25%.
In the six weeks to the same date retail sales jumped 41% compared to the same period last year while like-for-like sales climbed 35%.
The company said its wholesale orders for Spring/Summer 2012 were currently up 35% compared to the Spring/Summer 2011 end of season total with more than two months of the selling season remaining.
Commenting on the results, chairman and chief executive Godfrey Davis commented: “Trading during Christmas and the New Year has been strong and consequently the results for the year to 31 March 2012 are likely to exceed our earlier expectations.”
