Mulberry’s revenue hit by disruption at UK retailer
20/06/2019
Much of this loss was down to the collapse towards the end of 2018 of department store group House of Fraser, which has since been rescued. As a result of this disruption, Mulberry closed four concessions it had within stores.
This contributed to a 6% fall in its revenue from the UK, although the brand said sales in its home market were up 4% in the second half of the reported year. Overall, its online sales were up 27% year-on-year.
Mulberry also reported that in the 11 weeks since the end of the year, its total retail sales have risen 13%, including 7% growth in the UK.
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