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Published
Feb 3, 2017
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Karen Millen sales fall in Ireland but it finally breaks even there

Published
Feb 3, 2017

A tough retail environment saw sales falling 6% in Ireland for UK fashion chain Karen Millen in its latest financial year. The company battled a challenging market for its stores in the Republic of Ireland with sales there dropping to €5.9m.


Karen Millen faced tough times in Ireland but managed to break even - Photo: Karen Millen



But at least the firm’s accounts for the 12 months to February 2016 showed the mid-market chain managed to break even, despite the lower sales. In the previous fiscal year it has lost €100,000.

The lower sales figure was understandable given that the company had shuttered its store in Dublin’s destination shopping area, Grafton Street, early in 2015. However, it maintains a number of standalones and concessions in the country.

The company has been steadily reducing its Irish losses. The prior year’s €100,000 loss was much better than the previous loss of €300,000.

But sales growth has remain elusive for several years. The brand generated turnover of €10.8m in Ireland back in 2011.

 

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