Cath Kidston full year profits jump 13% as it plans London and Shanghai flagship stores

The profits increase comes against a 24% rise in global network sales to £129m in its year to March 31, 2013.

Group sales broke the £100m barrier for the first time, climbing 19% to £105m, as the quirky lifestyle retailer grew by 33 shops to 118 over the year.

UK sales increased 21% over the year while international retail sales soared 53% as Cath Kidston launched its first stores in China.

The retailer, owned by US private equity group TA Associates, now has more overseas stores than UK stores and is plotting new flagship stores in both Shanghai and London this year.

Cath Kidston chief executive Kenny Wilson said: “This has been another year of strong growth for the Cath Kidston brand in all of our territories, coupled with significant investment in people and infrastructure to support future growth.

“We will continue to grow the brand globally, including the opening of two new flagship stores in London and Shanghai later this year. With the broad appeal of our products across the globe and the strong customer response to our brand in both the UK and Asia, we look to the future with confidence.”