Cath Kidston profits rise thanks to strong growth

Homewares chain Cath Kidston is to open more stores at home and abroad this year after sales leapt 19% to £105m due to strong UK and overseas growth

The Cath Kidston store in Newcastle
The Cath Kidston store in Newcastle

Homewares chain Cath Kidston is to open more stores at home and abroad this year after sales leapt 19% to £105m due to strong UK and overseas growth.

The fastest rise for the company’s fashion and homeware products came from Asia, but sales also grew 21% in the UK, where it launched its latest store at Harrods last Friday. The retailer, founded 20 years ago by English designer Cath Kidston, grew by 33 to 118 shops over the year.

Chief executive Kenny Wilson said that despite the potential overseas, where international sales are up 53%, he remains committed to growing business closer to home.

While most of its shops are now overseas, Mr Wilson said that most are partnerships and that the vast majority of Cath Kidston’s more than 1,000 employees remain based in the UK.

Full-year earnings climbed 13% to £21m.

 

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