Savile Row label Hackett hails international success as profit rockets
International success has helped up-market Savile Row clothing label Hackett almost quadruple its profit during its latest financial year as sales surged.
The London-headquartered chain has reported a pre-tax profit of £3.8m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House.
The figure comes after Hackett posted a pre-tax profit of £1m for its prior 12 months.
The new results also show that the chain’s turnover also increased from £114m to £129.3m over the same period.
In the UK, Hackett’s sales increased from £43.7m to £45.1m while they surged from £70.3m to £84.2m in the rest of the world.
Its retail sales rose from £33.5m to £34.5m and its online turnover grew from £18.4m to £21.4m.
However wholesale was the clear winner, outperforming the other segments as its turnover jumped from £62m to £73.4m.
At the end of the financial year, Hackett operated 15 full price stores and seven outlets in the UK, up from 14 and six respectively.
Project to ‘re-energise’ Hackett has been ‘proven successful’
A statement signed off by the board said: “During this and last year the company has worked on the ‘Re-Energise Hackett’ project which has proven successful.
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