Companiesandmarkets.com

Cath Kidston UK sales up by 21%

Press Release   •   Aug 12, 2013 12:13 BST

Fashion and homewares retailer Cath Kidston has seen full-year group sales surge, boosted by rapid expansion of its stores.

In the year to March 31 group sales grew by 19% to £105m as EBITDA rose 13% to £21m. UK sales were up 21% in the period, while international sales surged by 53%.

The company, which has branches in China, Hong Kong, Japan, Korea, Spain, Taiwan and Thailand, now has more stores overseas than in the UK, with 60 overseas and 58 in the UK.

The retailer opened 33 new shops in the year, taking its total number of outlets to 118 worldwide. It also has plans to open two flagship stores in London and Shanghai later this year.

Cath Kidston's chief executive, Kenny Wilson, said the business would continue to expand.

"This has been another year of strong growth for the Cath Kidston brand in all of our territories, coupled with significant investmentin people and infrastructure to support future growth," he said.

The retailer, originally founded by Cath Kidston, who remains its creative director, said it was confident about future growth, with its products retaining "broad appeal" across the globe.

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