The increase is primarily due to the inclusion of KurtGeiger and strong performance of Stuart Weitzman international operations as well as Jones Spain and Canada.
An increase in gross margin from 34.8% in Q1 to 36.4% in Q2 due to strong performance of luxury footwear brands Stuart Weitzman and KurtGeiger underscores these efforts.
The company also plans to introduce a KurtGeiger line of footwear in the U.S. very soon, and we will closely follow the impact of the improved margins in footwear to the overall gross margins of the firm.