However, operating profit before tax was turned around from a loss of£482,000 the previous year to a£131,000 profit. The uplift was mainly because of the retailer's wholesale activities, which increased sales over the year by 12 per cent. Turnover grew to£21.6 million during the period, from£21.2 million the year before. The retailer said there was a net reduction of one store over the year.
Hackett runs 10 standalone stores, as well as five concessions at Selfridges and Harvey Nichols department stores. The retailer said in a statement: 'The company's priorities for the next 12 months are to maximise the retail contribution, drive wholesale growth - both locally and abroad - and expand the brand presence through licensing arrangements in key areas.'