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Kate Kuba steps up growth plans

Women’s footwear retailer Kate Kuba is launching a wholesale range and plans to triple its store count in the UK.

The business, which unveiled its latest concept store at the new Westfield London shopping centre in London’s White City this week, is seeking investment to back its plans to open up to 20 stores, taking its portfolio to 30 over the next five years.

It is also launching a Kate Kuba wholesale range for autumn 09 which will be distributed by Focus Group. The new collection is expected to wholesale at between £40 and £116.
“There has been demand for a wholesale range for three or four years now, and this is a first for us. We’ll sell the collection to retailers that are at a similar level to ourselves,” said Kate Kuba managing director Cos Costantinou.

The retailer also has plans to expand overseas and is close to cementing a deal with a Middle Eastern partner to open a store in Dubai’s Mall of the Emirates. The store is due to open in spring 09.

Costantinou was confident about trading in the economic downturn. He said: “It won’t be easy to secure investment, but there are still opportunities out there and Kate Kuba is one. We started [the business] during the last recession in the 1990s so it is still fresh in my mind. We feel better equipped for this [downturn]. There is always good that comes out of the bad.”

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