Cath Kidston posts 7.9% increase in Group sales, buoyed by international business

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Cath Kidston Group, the global lifestyle brand, has announced a 7.9% increase in sales to £129.2m for the year ended 26 March 2017.

International sales rose 19.5% to £42.3m, benefiting from the first full year of ownership of its Japanese subsidiary and favourable exchange rates.

UK sales were up 3.3% to £87.7m with double digit e-commerce growth driving positive like-for-like sales growth.

Commenting Kenny Wilson, CEO of Cath Kidston, said: “Cath Kidston enjoyed a strong year in 2016. The buyback of the Japanese franchise in 2015 is now paying off and was a significant contributor to the international sales growth of 19.5%. Our growing international business helps mitigate the effects of weaker sterling and we have already made good progress in growing our international footprint even further. Later this year we will be entering Latin America for the first time with stores due to open in Argentina and Mexico. In addition, our expansion in Japan continues with a further ten stores planned this financial year. We regularly asses the store portfolio in the UK and overseas to ensure we always have stores in the right locations.

“The breadth of our customer base, in terms of the wide age range we serve and the diversity of our product range, has always acted to protect Cath Kidston. The customer base is expanding further with campaigns including the Disney collections and Future Florals range amongst our most successful product initiatives ever with many of the products selling out within hours. Today we are reaching new customers in both the UK and overseas and we expect this momentum to continue this year with further very exciting product campaigns.”