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Strong Christmas trading at Hobbs

Sales at Hobbs rose 14.3% year on year in the 13 weeks to 31 December, driven by international and online growth.

Hobbs AW16

Like-for-like store sales grew 3.9% during the period, while online sales leapt up 26.7%.

International sales soared 97.9% compared with 2015. Hobbs expanded into Bloomingdale’s during the quarter, and opened its first stores in New York and Germany.

The business said there had been a “successful alignment” of product ranges to customers’ preferences, which resulted in a positive response to autumn lines, particularly knitwear, outerwear and gifting ranges.

In the three weeks to Christmas, total sales were up 27.2%. Like-for-like sales were up 16.1%.

Chief executive Meg Lustman said: “Our international store portfolio has continued to develop and we are encouraged by customers’ reactions to the Hobbs proposition in new markets.

“While market conditions in the UK are forecast to remain challenging for the year ahead, we are confident that Hobbs is well positioned with a clear strategy and a pipeline for growth.”

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