Mulberry bags profit after post-lockdown sales boost

Luxury fashion brand Mulberry has reported a post-lockdown sales boost that has carried it back into profit.The Somerset-based retailer said sales jumped 34% in the six months to September 25 to £65.7m, compared with £48.9m a year ago when shops were closed for long stretches during national lockdowns. It said that its “strong performance” since stores reopened had allowed it to generate a pre-tax profit of £10.2m – compared to a £2.4m loss for the same period last year. The firm, known for its leather products including handbags, said a strategic focus on full-price sales and increased volume efficiencies had helped profit margins improv …
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