Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

LK Bennett sales up 4.4% but earnings flat

Sales at LK Bennett rose 4.4% to £95.3m in the 12 months to August 2, 2014, however investment in international stores and its online offering kept underlying earnings flat at £3.6m.

Gross profit at the retailer climbed 3.2% to £61.2m during the period, with online sales rocketing up 43% to represent 13% of retail sales.

Chief executive Robert Bensoussan said the business continues to make progress in its strategy to focus on better performing stores and “continued rationalisation” of underperforming concessions and regional stores in the UK.

He also said the increase in sales was driven by a strong performance in clothing in particular.

Throughout 2014, LK Bennett opened new international stores in Boston and Chicago in the US and concessions in Spain. Last month it also added a flagship store on Madison Avenue in New York to its portfolio.

Bensoussan added: “While trading conditions remain challenging, we have entered 2015 well positioned to continue to deliver on our growth strategy, building on a robust financial position, strong backing from our shareholders, a disciplined approach to cost and the recent strengthening of our senior team.”


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.