Upmarket fashion retailer Jigsaw, the chain where Kate Middleton once worked, reported an impressive 9.5 per cent increase in like-for-like annual sales, despite what it described as challenging market conditions.
At a time when rival fashion stores are struggling to reach positive like-for-like sales territory, Jigsaw announced a 78 per cent rise in earnings to £3.1m in the year to September 27.
The high end chain, which has stores in Leeds, York and Harrogate, described current trading as healthy and said online sales rose 34 per cent, driven by its new click-and-collect service.
Group turnover rose 11 per cent to £91m.
The chain, which includes the core Jigsaw brand, Duke Street Emporium and luxury brand The Shop at Bluebird, said current trading is better than last year in terms of sales, margin and gross profit.
Over the autumn, Jigsaw increased its international presence with the opening of two stores in South Africa, one in Abu Dhabi, one in Los Angeles, a concession in Dublin and pop-up stores in Spain’s El Corte Ingles department stores.
Another four UK stores are due to open next spring.
Jigsaw‘s chief executive Peter Ruis said: “I am delighted with the progress Jigsaw has made in the last financial year.
“We have created solid momentum across every facet of the brand, keeping innovation and differentiation at our core.”
The group was founded in 1972 when it opened its first store in Hampstead in north London.
It has since expanded to include over 65 stores in the UK, with concessions in John Lewis and Fenwicks. It has concessions in the Sheffield branch of John Lewis and the York branch of Fenwicks.
Jigsaw, which describes itself as “premium high street”, designs all of its ranges in-house.