Party time for Kurt Geiger
Wednesday 24 November 2010
Kurt Geiger, the upmarket shoe retailer, expects a "strong Christmas" after a surge in women buying designer shoes for parties recently delivered a rise in sales of 30 per cent.
For the week starting 15 November, Kurt Geiger said that sales of its highest heeled shoes – 120mm – "quadrupled" compared to the same period last year, as customers follow the latest catwalk trends more closely. Over the week, Kurt Geiger's underlying sales rocketed by 30 per cent, "as fashionistas seek out designer party accessories for their feet".
Neil Clifford, the chief executive of Kurt Geiger, said: "With the fantastic surge in sales last week, a 30 per cent increase in like-for-likes compared to 2009, we anticipate Christmas trading to be strong across our entire business as we provide the international fashionistas with the most 'on-trend' footwear in the lead up to the party season. 2010 has been an excellent year to date for Kurt Geiger."
The retailer said that total sales for the 9 months to 30 October are up by 25 per cent, boosted by new stores, while they are higher by 10 per cent on a like-for-like basis. Kurt Geiger, which has 63 shops globally and 112 concessions within UK and European department stores, plans to open a further 32 branches worldwide over the next five years, including in Russia and Turkey. Its internet sales have doubled over the past year to account for 20 per cent of own-brand revenues.
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