海角视频 fashion brand Mulberry has returned to profit after experiencing a surge in digital sales.
The Somerset-based retailer, which turns 50 this year, saw profit jump to £5.9m for the financial year ending March 2021 - up from a £14.2m loss the year previously.
Group revenue was down 23% to £115m after the company was forced to close its physical stores amid Covid, but digital sales were up 55% to £56.4m.
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Mulberry said its digital sales represented 49% of total revenue - compared to 24% in 2020 - as people shopped online.
International retail sales also increased 4% to £33.8m. The company said its Asia Pacific growth of 36% was driven by ongoing development in the region, with retail sales in China up 81% and and up 36% in South Korea.
The company said it had also established a European distribution facility to support online sales following Brexit.
Thierry Andretta, chief executive of Mulberry, said: “I have been immensely proud to lead Mulberry this year.
“In the last 12 months our teams have faced enormous challenges posed by the global health crisis and have responded with resilience, resolve and passion.”
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Mr Andretta said the company had repurposed its factories during the pandemic to produce more than 15,000 reusable PPE gowns for frontline NHS workers.
“We have delivered a robust financial performance and have made good strategic progress in our journey to build Mulberry as a leading sustainable global luxury brand,” he added.
According to Mulberry, group revenue in the period to date is 45% ahead of last year, with retail revenue 30% up due to a strong recovery in the 海角视频 and continuing growth in Asia.
Mulberry was founded in 1971 by Roger Saul and his mother Joan, and in 1973 they opened a factory in Chilcompton, Somerset, where the company is still based.
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