Kurt Geiger profits up despite House of Fraser debt
Kurt Geiger has reported an increase in its operating profit for the financial year, despite the bad debts it accrued as part of the House of Fraser administration.
The upmarket shoe retailer posted operating profit of £27.9m for the year ending January 26 2019, up from £24.6m the previous year, while its operating margin increased to 8.4% compared to 7.6% the previous year.
Group revenues increased by over £10m, to £334.7m, while its overseas wholesale operation grew 100% as it expanded its US business.
Kurt Geiger reported gross profits of £184.1m, up from £176.8m the previous year.
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