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Kurt Geiger’s earnings show luxury still sells

first_img Show Comments ▼ whatsapp whatsapp KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share LUXURY shoemakers Kurt Geiger posted record annual profits suggesting the market for designer footwear is undimmed despite the global economic downturn.The company said turnover increased 17 per cent to £162m for the year to 30 January with earnings up 21.2 per cent to £14.7m from £12.1m last year. Like for like sales also increased eight per cent. It added that sales with its store partners at Harrods, Selfridges and Liberty were at a record high. Kurt Geiger is now the number one high-end shoe retailer in the UK and Europe selling 10 pairs of shoes every minute. Last year saw the company created a further 275 jobs as it opened 12 new stores bringing the total number to 63 worldwide. It also launched a further 49 concessions across the UK and Ireland, which included 30 Debenhams stores.Neil Clifford, chief executive of Kurt Geiger, said: “In the face of a challenging economic backdrop Kurt Geiger has performed very strongly and in 2010 we have expanded our headcount and rolled out new stores across the UK with more in the pipeline for the second half of 2010.” Kurt Geiger’s earnings show luxury still sells Sunday 10 October 2010 11:27 pm Tags: NULLlast_img read more

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