28th Jan 2016 08:07
LONDON (Alliance News) - Luxury goods retailer Jimmy Choo PLC on Thursday said its revenue grew in the fourth quarter of 2015 as it performed well despite the challenging environment for the sector.
The FTSE 250-listed group said its net revenue grew 6.0% in the quarter to the end of December, up 7.0% in constant currencies, driven by a good performance by its shoes, which represent around three-quarters of its total revenue.
It said it made good progress on its men's shoes range in the quarter and said accessories volumes remained stable, with sales biased towards smaller bags.
"Jimmy Choo continues to outpace the sector despite the challenging competitive environment. The Company successfully reversed the first half decline in wholesale revenues and is on track with growth forecasts in Asia and Japan where brand awareness continues to grow strongly," said Chairman Peter Harf.
The company will publish its annual results on March 22.
By Sam Unsted; [email protected]; @SamUAtAlliance
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