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Cruise set to expand its fleet of UK stores

Designer mini-chain Cruise is to expand across the UK after moving back into profit under its new owners.
The retailer has 18 stores, including shops in Glasgow, Newcastle upon Tyne and Edinburgh, and also owns six Limeys stores. It plans to open a Hugo Boss franchise store and adjacent Cruise shop in Belfast in March. The 13,000sq ft space will offer menswear, womenswear, footwear and accessories. Stores in Leicester and Bristol are also planned.

Earlier this month the retailer opened a Hugo Boss franchise store in Union Street in Aberdeen and an adjoining branch of Cruise selling footwear, bags and other accessories.

Pre-tax profits were £528,000 for the 11 months to January 27, compared with a loss of £149,000 the year before. Turnover was £19.1m, against £16.7m.

Finance director Iain Baird said the chain had benefited from “renewed enthusiasm” and better sell-throughs since it was bought by investor Arev for a reported £7 million in September last year. Cruise was founded in 1986 by Jim Gibson, who sold it last year.

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