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Kurt Geiger sales and profits rise

Footwear retailer Kurt Geiger has posted an increase in revenue and EBITDA for its latest financial year, boosted by strong sales of women’s fashion trainers.

Group revenue rose 12% to £330m in the year to 28 January, with like-for-like sales increasing by 11%.

EBITDA climbed 11% to £33.9m. Online sales increased by 26%, accounting for 23% of group revenue.

Its women’s fashion trainer business grew by 48% during the year, while womenswear accessories rose 18%. Men’s footwear increased by 12%.

Total staff headcount grew 11% to 2,291.

During the year, the group expanded into children’s footwear with its retail partners.

Kurt Geiger chief executive Neil Clifford said its key priorities for growth include investment in talent, digital innovation, processes and systems; executing growth opportunities in new markets and online; and investing in the Kurt Geiger brands.

He added: “Kurt Geiger is well placed to deliver another year of growth and innovation to meet the changing needs of all its customers, and the team looks to the future with confidence.”

The group has appointed five new board members, including buying and supply chain director Michelle Ryan, who has previously held roles at Jimmy Choo and Burberry, and former Michael Kors executive and international director Steven Sousa.

Former Boots omnichannel director Robin Philips, who joined in May as digital director, has also been appointed to the board, alongside logistics and systems infrastructure director Giuseppe Guillot, who joined Kurt Geiger in September.

The company also promoted head of retail Ross Warden to retail director.

The board is supported by existing chief operating officer Dale Christilaw, chief buying and creative officer Rebecca Farrar-Hockey and chairman Peter Bolliger.

Kurt Geiger first opened in 1963 on Bond Street in London. It operates more than 60 stores and 200 department store concessions.

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