The retailer wants to open a flagship store on New York’s prestigious Madison Avenue. Hackett will also open an office in Japan this autumn and plans to introduce two concessions – and ultimately standalone stores – in the country.
Joint founder and chairman Jeremy Hackett said that the retailer has so far only “scratched the surface” in terms of global opportunities. “Internationally there is tremendous feeling for the brand. The US and Japan are massive markets for us,” he said. At present, Hackett has 16 stores in cities including Paris, Dublin, London, Madrid and Barcelona.
This year, Hackett plans to open a further store in the French capital and its first Munich outlet. It will also launch its first Edinburgh store and another in the eagerly anticipated Westfield London centre, this year.
In the year to March 31, Hackett’s total sales rose by 30 per cent to£50 million.
Hackett is sold in John Lewis, Harrods and more than 500 wholesale doors globally through franchisees. Jeremy Hackett thinks the company could benefit from a further drop in consumer spending. “Sales of suits have picked up,” he says. “If things get more difficult, people will think more about how they dress.”
This year, the retailer celebrates 25 years since it began life as a second-hand clothes store in Fulham, London. Hackett will honour its heritage by offering an anniversary tweed and a range of gifts including a vintage watch.
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