Womenswear retailer Hobbs shook off the gloom on the rest of the high street by revealing a 38 per cent increase in profits last year.
The company, which was taken private in a £111 million deal involving its management team last year, said concessions in department stores such as House of Fraser and Selfridges had performed strongly.
In the Midlands the company has concessions in House of Fraser and Selfridges in Birmingham, a stand alone shop in the city centre as well as a concession in Beatties in Wolverhampton.
Hobbs also said it was on track to meet ambitious expansion plans by the end of its new financial year.
Hobbs said pretax profits rose to £11.7 million in the year to January 29 and sales lifted 30 per cent to £67 million. The performance was in sharp contrast with other UK retailers, many of whom have been seen weaker consumer spending eat into sales. Hobbs increased its number of outlets by 21 during the year, including 15 concessions.
It said new concessions had performed ahead of expectations and that it was seeing further demand from department stores to stock its products.
There was also "significant capacity" in the UK for further standalone stores. Hobbs' four outlets in Canada were performing ahead of hopes and the firm said it had been approached by potential partners to enter other international markets. A store is expected to open in Kuwait this year.
Directors of Hobbs nearly doubled their stake to 37 per cent when they bought out the business from Barclays Private Capital in November. Private equity group 3i backed the deal.