Footasylum reports record growth - footwearbiz: Leading site for globa

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Footasylum reports record growth

18/09/2024
Footasylum reports record growth
UK based footwear retail group Footasylum has posted record financial results for the year ending 27 January 2024, with revenue up 7% to £319.5 million (approximately $421.7 million). The growth was driven by a 15% rise in online sales and an 87% increase in its wholesale business, which now accounts for 5.3% of total sales.

Womenswear and childrenswear sales also rose by 16% and 14%, respectively. Pre-tax profit surged by 112% to £6 million ($7.9 million), while underlying EBITDA grew 41% to £22.4 million ($29.6 million).

Footasylum expanded its store presence and appointed David Pujolar as CEO in March. CFO Nick Scott expressed optimism about the company’s future growth.

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