Kurt Geiger has posted a jump in full-year profits and sales driven by spikes in sales online and within its women’s categories.
The European footwear retailer said EBITDA climbed 11% to £33.9m in the 12 months to January 28.
Kurt Geiger’s group revenues advanced 12% to £330m, as like-for-like sales increased 11%.
Online sales spiked 26% during the year and now account for 23% of group sales.
The business hailed “strong” performance in Kurt Geiger brands, particularly within its women’s fashion trainer business, which grew 48%.
Sales within its women’s accessories collections and men’s footwear also rose 18% and 12% respectively.
Kurt Geiger also expanded into the children’s shoes category during the year and increased its staff headcount 11% to help drive its expansion plans.
The retailer is focusing its investment on people, digital innovation and systems in a bid to grow the business.
It is also expanding into new markets and growing its own-label proposition, which it has pinpointed as a “significant” opportunity.
Kurt Geiger’s chief executive Neil Clifford hailed a “strong performance across all channels and established territories” during the year.
Clifford added: “Kurt Geiger is a fashion-forward-looking business, and we are ambitious for this company’s future, its people and its partners.
“It is important that we invest, innovate and evolve dynamically to do what we do better and to broaden our ranges and strengthen our appeal to customers across countries and age demographics.
“Kurt Geiger is well placed to deliver another year of growth and innovation to meet the changing needs of all its customers, and the team looks to the future with confidence.”
As revealed by Retail Week, Kurt Geiger snapped up former Boots and Waitrose executive Robin Phillips as its new director of digital in May as it reshaped its board.
The retailer has also drafted in Michelle Ryan, formerly of Burberry, as buying and supply chain director for own-brand, hired ex-Michael Kors executive Steven Sousa as international director, and promoted Ross Warden to the role of retail director, since the start of its current financial year.
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