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Dune profits surge as products hit the spot

Dune Group’s operating profit soared by 49.2% to £7.2m for the year to January 31 2015, which it attributed to the “excellent” reaction to its product ranges and good cost control.

Sales rose 7.2% to £149m for the 52-week period, compared with the previous 53 weeks. Nearly – £142.5m or 96% – were made in the UK, and only a small percentage came from overseas.

The group made a profit after tax of £4.8m, up from £4.1m in 2014.

The footwear business said retail sales have benefited from investment in technology, which supports its omnichannel offer. It has enjoyed large online sales increases, particularly from customers using click-and-collect.

During the period, Dune opened two flagships on Oxford Street in London and a store at St Pancras International station. It updated several units with its catwalk concept.

“This has enabled improved showcasing of the brand and in particular men’s and accessories ranges, both of which have shown significant growth over the period,” said founder and executive chairman Daniel Rubin in a document filed at Companies House.

Dune has 40 stores in the UK and 175 concessions, 12 concessions in Europe and 50 franchise stores and concessions in the Middle East and South Africa.

Last month, Drapers revealed Dune is targeting further international growth with stores in the US and Switzerland, alongside the expansion of its travel retail portfolio.

 

Readers' comments (3)

  • Great results from a business who remains wholly focused on their quality , trends and target consumer. Well done Daniel and team.

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  • Fantastic results, a great year,

    Karen Maxwell
    Four-by-Two

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  • Well done Dune, great company to work with who value good staff.

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