Manolo Blahnik saw sales jump in the first eight months of 2021
(Picture: Manolo Blahnik)London-headquartered footwear brand Manolo Blahnik has become the latest luxury retailer to report a bounce back in sales.
The company, founded by Manolo Blahnik in 1970, said comparable sales for the eight months to August 31 are up 81% from last year, and 8% ahead of the same period in 2019.
It was helped in part by a jump in online demand, and the retailer, which has 21 standalone shops, is forecasting triple digit growth for 2021.
Like rivals, the shoe brand was hit by lockdowns last year, and total sales in 2020 declined 7% to €42.3 million (£36 million), with the like for like figure 28% lower.
During the period it reduced its collections from four to three seasons, as Covid-19 disrupted the business.
But it joins other upmarket retailers in reporting encouraging recoveries this year.
In July Susannah Streeter, a analyst at Hargreaves Lansdown, said: “After rolling lockdowns, release from confinement has unleashed a wave of celebratory spending power. Many wealthier individuals have been in the enviable position of piling up savings over the pandemic.”
