• FY EBITDA down slightly to GBP6m
  • Sales up 4% to GBP85.5m
  • Online now company’s second biggest store

Fashion brand Jaeger said it was pleased with the progress made during its last reported full fiscal year, despite posting a slight decline in earnings.

In accounts recently placed at Companies House, the UK-based company said sales for the 53 weeks to 23 February were up 4% to GBP85.5m (US$139.1m), and EBITDA fell slightly to GBP6m from GBP6.1m the previous year.

Jaeger highlighted the company's continued expansion of its retail estate, including new stores at the Westfield shopping centre in London and at Kildare in Ireland, as well as "shop-in-shop" outlets.

The company, which was acquired by entrepreneur Harold Tilman in 2003, has invested GBP20m in the Jaeger brand over the past five years.

Jaeger said its online retailing operation now ranked as its second largest store after Regent Street in London.

The company has recently expanded its online coverage to include the US and some EU countries.

"The Jaeger brand is continuing to strengthen and grow," said Belinda Earl, Jaeger group chief executive. "We are pleased with our progress in a year which has been one of the most challenging on record.

"Looking ahead, we have another important year with continued investment in the Jaeger brand through new openings, upgrading of our store portfolio and attracting new and existing customers with our innovative men's, women's and accessories collections."