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Kurt Geiger plans Oxford Street store following sales surge

Kurt Geiger will open a London flagship in spring next year, as it continues to invest in its UK retail portfolio.

The footwear chain will open a total of 25 stores in the next 12 months, including the flagship and an outlet store in Bicester Village in December. It follows the opening of 28 stores in 2014, 20 of which were in the UK.

Others included a flagship store in Milan and franchise shops in Thailand, Hong Kong, China and Singapore.

The news comes as Kurt Geiger reported like-for-like sales growth of 13% for the three months to September 30. The footwear business, which completed a management buyout in April, reported gross turnover of £210m for the seven months to the end of September.

Online sales have increased 30% for the year to date, compared to 2013, and now account for 20% of total sales.

Wholesale sales were up 12% for the year to September 30 and the retailer is expecting “strong underlying EBITDA” for the year ending December 31.

Chief executive Neil Clifford said: “Over the past year, Kurt Geiger has become more accessible than ever and customers are able to engage with our brands via multiple channels. The company’s performance since our MBO has exceeded all expectations and we look towards the future with confidence and optimism.”

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