Trading update (8476Z)
January 21 2011 - 2:00AM
UK Regulatory
TIDMMUL
RNS Number : 8476Z
Mulberry Group PLC
21 January 2011
Mulberry Group PLC ("Mulberry")
Trading update
Mulberry Group plc, the English luxury fashion brand, announces
today that trading has been very strong over the six weeks to 15
January 2011, with own store sales up 66% compared to the same
period last year. Like-for-like sales in the Full Price stores for
the six weeks were 70% higher than the previous year, while
like-for-like Off Price sales were up 34% due to the increased
availability of inventory.
Margins for the year to date continue to be strong as a result
of improved operational gearing from increased volumes and due to a
larger proportion of merchandise being sold at full retail price
compared to the previous year.
Wholesale orders for Spring 2011 are currently 104% ahead of the
prior year with three months of the season remaining.
As a result of this strong performance, the profit for the year
ending 31 March 2011 is expected to exceed market expectations.
For further details please contact:
Pelham Bell Pottinger
Dan de Belder / Lucy Frankland 0207 861 3232
Altium Capital
Ben Thorne / Melanie Szalkiewicz 0207 484 4040
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDKKDNOBKDKDB
Mulberry (LSE:MUL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mulberry (LSE:MUL)
Historical Stock Chart
From Jul 2023 to Jul 2024