High end ladies' fashion chain, LK Bennett has posted an operating loss of £3 million.

The results which have just been released cover the 12 months to February 2020 - before any lockdowns.

LK Bennett went into administration in March 2019 and its Gloucester Quays store closed soon afterwards. Despite being bought out of administration in April 2019, its Cheltenham store closed in August 2019.

The retailer, which had its CVA approved in December 2020 following the second national lockdown, achieved turnover of £41.4 million during the period to 29th February 2020, as reported by Retail Gazette.

It was able to continue trading beyond the first lockdown in March 2020 thanks to a loan through Byland Investments in the same month.

While it improved its ecommerce platform, it wasn't able to make up the fall in sales caused by store closures.

In response to changing customer behaviour, it has offered a more relaxed clothing range for SS21.

Despite a difficult few years, LK Bennett said it is moving to ensure that the brand is seen as of a high standard and excellent quality.