Fashion chain Hobbs has announced that it plans to expand its current offering of women’s wear to two more lines. The privately-owned retailer – which operates 98 outlets across the UK – plans to offer homeware as well as eyecare to its staple line.
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Chief executive Nick Samuel has been negotiating third-party licenses for both homeware and eyecare, and the two lines are expected to be available from his fall. If these new additions prove to be a success, the company is believed to expand its range to include menswear.
The announcement was made following the release of the retailer’s first quarter results. Sales have risen 31 percent in the quarter, with a profit forecast for the year ended January 2007 of around £19 million. This about 25 percent higher than it had initially predicted.Samuel described the first quarter performance as “outstanding” and expressed his belief that current trading levels would continue.