Online sales more than doubling to £4.5billion for the full year30 Apr 2021 19:13
Handbag maker Mulberry surprised the City by announcing it will turn a small profit for the year ended March 28.
It has been boosted by strong sales in Asia, which is a key market for luxury goods and where economies such as China’s are rebounding from the pandemic.
Online sales also held up in the second half despite lockdowns in many Western countries. Shares in the AIM-listed retailer, which had told investors it would post a loss, rose 13.4 per cent, or 34p, to 288p.
Like-for-like sales grew 12 per cent in the six months to April 24, despite the third lockdown, with online sales more than doubling to £4.5billion for the full year.