Today before the
opening bell, emerging Australian lifestyle brand Banjo & Matilda reported
its attainment of record wholesale sales of $897,000, a 63% increase in sales
over last year’s pre-fall and pre-winter seasons. The Australian lifestyle
company also reported an increase in the number of retail outlets stocking its
fashion merchandise. As of June 26, 2014, the company’s product selections were
available in 129 stores, up 617% from 18 stores in the same season of last
year.
Among the retailers
offering its fashion merchandise selection are major department and specialty
premium stores including Net-a-porter; ShopBop; Intermix; Neiman Marcus; Harvey
Nichols; Kadawe in Berlin; Trilogy in UK; and many others.
Ben Macpherson,
Chief Executive Officer, stated, “As expected our sales continue to increase as
retailers around the world adopt the brand and grow our distribution.
Ultimately the rise in wholesale distribution through premium retailers is a
result of consumer demand for our ‘lux casual’ lifestyle products and brand. We
expect this momentum to continue as we build and develop a global network of
premier retail partners that carry Banjo & Matilda.”
Banjo &
Matilda’s pre-fall fashion product line was made available in stores as well as
online on June 30, 2014. A rapidly growing Australian lifestyle company, Banjo
& Matilda is best known for its work as a designer, producer, and marketer
of premium contemporary woman’s knitwear. Having launched its standout knitwear
collection in 2008, the company is quickly gaining traction as an emerging
fashion luxury brand.
For more information
about Banjo & Matilda, please visit: www.banjoandmatilda.com
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