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Jack Wills sales and profit growth continues apace

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Youth fashion brand Jack Wills has posted strong growth in both sales and profits for the year to January 31st 2011.

Annual results filed on Companies House reveal that profit before tax increased 57 per cent year-on-year, rising from £6.69 million in 2009/10 to £10.49 million in 2010/11.

Last year saw the university outfitter open its first US stores, and operations in the new territory helped group turnover jump from £64.7 million to £92 million over the course of the year, a rise of 43 per cent.

Its Rest of the World division, which includes the new US business, reported sales of £1.65 million for the 12 months to the end of January, compared to £1.05 million in the previous financial period.

Jack Wills, which is co-owned by majority shareholders Peter Williams and Rob Shaw, and has financial backing from private equity group Inflexion, runs 49 stores in the UK and Ireland, and now has 11 outlets in the US.

Earlier this year, the company’s first pop-up shop opened at Heathrow Airport, and the store will continue to operate throughout the busy Christmas period.

Commenting at the time, Head of Category for Fashion at Heathrow Hazel Catterall said: “As the UK’s largest airport we want to champion the best of British fashion and provide our passengers with an exciting and engaging shopping experience.

“Jack Wills’ heritage and cutting-edge designs are a perfect addition to Terminal 5 – and are sure to become a firm favourite amongst passengers both here and abroad.”

Published on Monday 17 October by Editorial Assistant

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