Kurt Geiger CEO on US Expansion, Retail Trends

The transcript discusses the expansion of a company into the US market, highlighting the importance of recruiting a strong executive team and the success achieved with 400 points of sale. The UK market faces challenges due to inflation, but the company continues to grow. The focus is on creating unique products that offer value rather than competing on price. The brand is positioned in the middle market, with a significant portion of sales coming from handbags. Supply chain management and maintaining strong relationships with suppliers are crucial for operational success.

What was a key factor in the company's successful expansion into the US market?

• Increased advertising budget

• Recruiting a strong executive team

• Partnership with local retailers

• Lower production costs

How does the company view the current state of the UK market?

• As a stable and growing market

• As a market under pressure due to inflation

• As a market with high consumer confidence

• As a declining market with no growth potential

What is the company's approach to pricing in the UK market?

• Focus on lowering prices

• Emphasize value over price

• Increase prices to match inflation

• Offer frequent discounts

What product category has become the largest for the company in the US market?

• Handbags

• Jewelry

• Clothing

• Shoes

What is a major concern for the company regarding supply chain management?

• Maintaining strong relationships with factories

• Reducing production costs

• Increasing production speed

• Finding new suppliers