// Aspinal of London posts strong sales growth over Christmas
// Same-store sales in December climbed 12%
// Online sales last month increased by 16%
Aspinal of London has recorded a strong Christmas sales growth.
The handbag retailer said same-store sales in December climbed 12 per cent, thanks to a 29 per cent surge at its Royal Exchange branch, and double digit rises at a number of its other London stores.
Online sales last month increased by 16 per cent.
Meanwhile, for the year to March 2019, turnover increased by 11 per cent to £35 million, while pre-tax losses widened to £5.9 million from £3.2 million, after a number of one-off costs, including new IT systems and store opening investments.
The retailer is working with investment bank Houlihan Lokey to find a new business partner to help fund expansion plans, and is due to open a new concession in luxury department store Harrods this May.
Aspinal of London also said it wants to expand by opening up to 10 more shops in the Middle East over the next three years.
Click here to sign up to Retail Gazette‘s free daily email newsletter
