Luxury legwear brand Wolford is planning more UK stores on the back of soaring retail sales.
Wolford, which has five stores in the UK in London, Newcastle-upon-Tyne and Bluewater in Kent, will open at least one further shop by the end of the year in a major UK city, after total sales from its standalone stores leapt 33.4% for the year to April 30.
Chief executive Holger Dahmen told Drapers that he was looking at two possible sites in the UK for a store of about 860sq ft. He said: "The UK is our second strongest growing market and sales from our stores and shop-in-shops across the group were key to our success last year."
Total UK sales rose by 25.7% during the same period, with total sales up 16.7% to EUR141,683 (£95,400) from EUR121,426 (£81,750) the previous year.
Total sales of ready-to-wear lines were up 18% during the period. Dahmen added that the category, introduced two years ago, now made up the biggest share of total sales, at 36%. He said: "We think it will continue to be our strongest category in the next financial year, with growth of 1% to 2%."
He added that Wolford's next challenge was to change perception of the brand from legwear to a full, ready-to-wear brand.