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Mulberry retail sales grow 30%

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Retail sales at British luxury fashion group Mulberry jumped 30 per cent in the six months to the end of September, according to a statement released by the company today.

On a like-for-like (LFL) basis sales grew by 29 per cent, helping overall group revenues increase by 38 per cent to £44.7 million.

Profit before tax inflated by 207 per cent to £4.7 million, while the business indicated that as of September 30th it has no debt.

Trading activity continues to boom as Christmas approaches, with LFL UK retail sales in full price stores and department store concessions growing by 66 per cent in the ten weeks to December 4th.

Godfrey Davis, Chairman and CEO of Mulberry group, said: “Mulberry has continued to increase sales and profitability during the first half of the year due to consistent demand for our products in all markets.

“Since September 2010, the pattern of strong demand has continued and the outlook for the second half of the year is very positive, with the full year performance likely to exceed market expectations.

“Despite the positive outlook we remain cautious about the global economic environment.”

Published on Thursday 09 December by Editorial Assistant

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