Footwear business The Dune Group has posted a 19% fall in operating profit for the year to January 29 2011.
Operating profit dropped from £6.8m to £5.5m, as sales fell from £124.2m to £118.7m for the 12 month period.
According to accounts filed on Companies House, the business which comprises the Dune chain and former Shoe Studio brands including Pied a Terre and Bertie, saw pre-tax profit increase from £6.42m to £6.47m.
During the year The Dune Group opened Bertie stores in London, opened 49 concessions in department stores and launched young fashion brand Head over Heels.
Despite fall in profit, The Dune Group said it was “confident that the company will perform strongly in the coming year despite the tough economic climate due to strong product ranges, new store openings and further ecommerce growth.”
Footwear retailer Dune announced earlier this month that it was joining forces with British footwear designer Kat Maconie to create a capsule collection for spring 12. The collection, which is set to launch in stores in April 2012, will comprise of three footwear designs and one clutch bag.