// Kurt Geiger gift sales since November jump 70%
// Average transaction value up 20% for the footwear specialist
The festive season is in full flow at Kurt Geiger as gift sales surge more than 70% since the beginning of November.
Sales of its gift range, which include hats, bags and reusable coffee cups, have seen “significant growth” with demand in the UK remaining “very high”.
Kurt Geiger creative designer Rebecca Farrar-Hockley told thisismoney.co.uk she was “cautiously optimistic” over the recent boost.
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Despite fears of people spending less amid the cost-of-living crisis, the average transaction value for the retailer has risen 20% compared to last year.
“Customers are loving some of our more expensive styles,” Farrar-Hockley told the publication. “These typically have a higher-than-average retail price due to the workmanship required.”
The recent uptick in gift sales follows a strong performance in the retailer’s most recent financial year.
Kurt Geiger’s sales rose 21.9% to £234.3 million for the year ending January 29 driven by strong domestic and international growth in Europe and the US.
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