Online sales gives Lulu Guinness 6% revenue boost

438
Lulu Guinness

Upmarket accessories retailer Lulu Guinness has reported a six per cent revenue growth following online sales.

Lulu Guinness cut its pre-tax losses significantly to £188,710 in the year to March 25, compared with the loss of £802,358 in the previous year.

The British retailer has previously been represented by celebrities such as Paloma Faith, Fearne Cotton and Kate Moss.

It also launched a brand new website last August to further boost online traffic.

Meanwhile, company sales reportedly increased by six per cent to £10.1 million.

Lulu Guinness credited its success to licencing collaborations in the previous year.

For its 2019 financial year, the retailer’s ecommerce channel will be prioritised as the company had complained of the store rent costs in its prime locations.

Lulu Guinness currently operates stores throughout London, Portsmouth and at Cheshire Oaks Designer Outlet.

Click here to sign up to Retail Gazette‘s free daily email newsletter