Revealed
January 15, 2025
Kurt Geiger continues to go from power to power but it surely’s not simply the UK market that is offering its development because the US is now essential to it. And it is not simply footwear on which it depends with equipment forming a large a part of its present enterprise.
Kurt Geiger
The British firm stated Wednesday that it noticed report buying and selling general within the festive season and likewise referenced “booming growth” in North America particularly. After opening solely 4 shops within the US and Mexico, its first-half gross sales grew in excessive double-digits there. So it’s no shock that it’s planning to open 5 extra North American shops early this yr. The design of those areas might be based mostly on the flagship it operates on London’s Oxford Road.
The corporate has constructed up a listing of big-name followers in America too (together with Kylie Jenner, Paris Hilton and Rihanna) and the area is now its fastest-growing market.
It additionally stated Wednesday that December was essentially the most worthwhile month within the agency’s historical past and its 17% development final month was attributed each to a 54% soar in purse gross sales and its US enlargement.
The retailer has scored by a combination of its Britishness and its accessible pricing with its hottest purse — the Kensington — retailing from £169/$195.
The corporate sells by way of big-name shops in addition to its personal areas in North America and its stated gross sales there rose virtually 59% to prime £110 million within the six months to September with e-commerce up a large 94.4% and wholesale rising 50.9%.
Within the US alone, from 2018 to at present, its annual US gross sales have soared from simply £2.5 million to £250 million.
CEO Neil Clifford stated: “We’re going big in North America. Seeing our growth in the region, we believe our creative and social spirit and our statement-making styles aren’t just for London-philes. We love the idea of Kurt Geiger being a worldwide conduit of London’s pop culture scene.”
Kurt Geiger is personal equity-owned having been a part of the Cinven portfolio since 2015. In that point it has grown to over 60 shops with retail manufacturers together with Kurt Geiger itself plus Kurt Geiger London, KG, Carvela and Shoeaholics.com.
