The footwear retailer is looking at US and Swiss expansion after profits soar. WGSN Global News Editor Nigel Taylor reports
UK-based footwear retailer Dune has ambitious international plans after recording a near-25% rise in pre-tax profits.
The privately-owned retail chain wants to expand its global empire of 300 stores and concessions, increasing its presence in the US, opening a store in New York by year end, and next year opening in Zurich, Geneva, Berne and St Gallen next year after debuting in Switzerland this month.
There are also plans to refit a number of its 50 UK stores.
Accounts filed this week show Dune’s pre-tax profit rose to £6.6m in the year to January 31, up from £5.3m in the 53 weeks to February 1 in 2014.
Sales for the latest period rose 7% to £149m, boosted by online purchases, while its menswear and accessories ranges “performed well”.
“The company continues to invest in customer insight, product design and its brand infrastructure to ensure it remains a desirable fashion retail destination,” its trading statement read.
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