Mulberry to beat forecast after strong Christmas

UK: Mulberry to beat forecast after strong Christmas

By Richard Woodard | 19 January 2012

Luxury retailer Mulberry is poised to beat its full-year expectations after a strong Christmas in which retail sales soared by 41% during the six weeks to 14 January.

The UK company said like-for-like sales for the same period were up 35%, while retail sales for the 16 weeks to 14 January rose 30%, with like-for-likes up 25%.

Wholesale orders for spring/summer 2012, meanwhile, were up 35% compared to last year’s total, with more than two months of the selling season still remaining.

“I am delighted that trading during Christmas and the New Year has been strong and consequently the results for the year to 31 March 2012 are likely to exceed our earlier expectations,” said Godfrey Davis, Mulberry chairman and chief executive.

Sectors: Apparel, Finance, Retail