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

Online and US sales drive growth at LK Bennett

Premium womenswear retailer LK Bennett grew sales by 15% over the year to July 28, generating revenues of just over £94m.

EBITDA during the period rose 37% to £11m, while gross profit increased by 15% to £54.6m.

The retailer saw a “strong” increase in online sales over the year. Its website now generates three times the annual sales of its London flagship store on Brook Street in Mayfair.

Chairman Robert Bensoussan said: “These results show that despite difficult markets, LK Bennett has a strong positioning as the pre-eminent British accessible luxury brand.

“We are particularly pleased with our US growth and we are targeting further investment in that market through an increasing store presence and through the launch of a US website in spring 2013.”

During the full-year period LK Bennett opened four standalone stores, including its US-based flagship in New York as well as a concession in London’s Harvey Nichols and five branded LK Bennett franchise stores in the Middle East.

The retailer, which unveiled British actress Rosamund Pike as its new face last week, said it was “excited” about the future.

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.