Mulberry Sales, Profits Bounce Back in H1, with New Stores Planned

. “Our long-term strategy, namely our innovative and sustainable products made in our carbon neutral Somerset factories, our market-leading omnichannel distribution model, and our expansion into Asia Pacific, has delivered a strong financial performance.”

He said that Mulberry wants to be “fully transparent” with the customer, and believes that shopping sustainably should not carry an extra financial burden. The company’s turnaround in the first half follows a difficult 2020: the company waved goodbye to its designer, who moved back to Paris to work for Louis Vuitton; laid off some 25 percent of its staff during the first lockdown in the U.K.; and terminated its ready-to-wear and footwear licenses as it put increasing emphasis on accessories, and sustainability.

On the sustainability front, Mulberry said the Lifetime Service Center at The Rookery manufacturing hub in Somerset is restoring more than 10,000 bags a year. “We believe the opportunity is substantial, and we have taken a progressive leadership position in this space, investing in products that are made to last, and offering customers circular repair and buy-back options through the Mulberry Exchange,” the company said.Profit before tax was 10.2 million pounds in the first half, compared with a loss of 2.4 million in the corresponding period last year, and included a profit of 5.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. new home sales inch higher in OctoberU.S. new home sales rose 0.4% to a seasonally-adjusted annual rate of 745,000 in October from 742,000 in the prior month, the government said Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

See New Kids on the Block and New Edition perform together for 1st time at AMAsNew Kids on the Block and New Edition performed live together for the first time at the American Music Awards. I did and omg loved it!! I have been loving them since I was nine years old. DonnieWahlberg
Source: TODAYshow - 🏆 389. / 55 Read more »

New gun charge puts Jan. 6 attack in an important new context.MaddowBlog: Former President Trump said the Jan. 6 rioters posed 'zero threat.' Sen. Johnson said they weren't really 'armed.' Reality tells a different story. MaddowBlog Reality is not a word those 2 know anything about!!!!! MaddowBlog These two live in their own little world,and should NEVER be allowed anywhere in our government. MaddowBlog
Source: MSNBC - 🏆 469. / 51 Read more »

Maternity Cyber Monday Sales to Shop 2021Check out the maternity Cyber Monday sales that you (and your wallet) won’t want to miss this year.
Source: thebump - 🏆 702. / 51 Read more »

US home sales rose again in OctoberDespite low inventory and rising prices, home sales inched higher in October, marking the second straight month of growth, according to a report from the National Association of Realtors. Why is it y'all STILL haven't said the name and color of the domestic terrorist / black supremacy Darnell Brooks that killed 5 and injured 40+ more the Christmas parade? Oh that's right he's black with a long criminal record nothing to see here. CNN=LNN=LIberal New Netwrok=Lying News Network=Fake News=Untrusted!
Source: CNN - 🏆 4. / 95 Read more »

Apple is Pregaming Black Friday With Early Sales Happening NowShop early to save big with pre-Black Friday deals on AirPods, MacBooks, Apple Watches, and more.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »