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Dune plans for 300 stores as profits and sales jump

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.

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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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