Trading update

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

 

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