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Global sales rise 10% at Karen Millen

Premium womenswear retailer Karen Millen saw UK and Ireland sales climb 12% over Christmas, as global revenues rose 10%.

During the three weeks to January 4, the business saw growth across all categories, with improved margins thanks to an improvement in full price sales.

Spain was the best performing country, up 25% in the period, while France rose 22%. Denmark came third with a 16% rise. Global revenues now make up 65% of the total business.

Chief executive Mike Shearwood said:  “It is a great endorsement of the desirability of our products and our strategy to maintain full price sales by offering a higher level of product exclusivity right through to Christmas, despite the competitive environment we are in, and the challenging economic times for customers.

“This is one of Karen Millen’s most successful trading periods to date and puts us in a very strong position to deliver further growth. We have spent the last year investing heavily into the business and its infrastructure and we are hugely excited about the future as we continue to invest.”

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