Footasylum hails record year
Footasylum has reported a record year of growth following strong performances in its retail and wholesale channels.
In the year to 25 January, total revenue climbed by 9.4% to £349.5 million as store sales rose by 3% to £172 million and online sales reached £143.6 million after 6% growth.
Some of the best performing categories included womenswear where sales were up 18%. Exclusive brands also thrived, with a sales uplift of 101% through new and existing wholesale partnerships.
Meanwhile, operating profit rose by 123% to £23.3 million in the period as pre-tax profit climbed by 188% to £17.2 million.
Never Miss a Retail Update!David Pujolar, chief executive of Footasylum, said: “We are pleased to report another year of record revenue and profit performance, demonstrating our resilience in a challenging market environment.
“Our strategic initiatives and new organisational structure have proven effective and position us strongly for sustained growth.
“Our focus on customer service remains a cornerstone of our approach, strengthening brand loyalty and generating valuable feedback that informs our business decisions.
“Additionally, our successful expansion into the wholesale channel demonstrates our ability to identify, and respond to, consumer preferences and emerging trends.”
During the year, Footasylum continued its store opening and upsizing programme, which included the launch of a 9.600 square foot store in Doncaster and its Merry Hill shop tripling in size to 10.700 square feet.
Looking ahead, Pujolar said: “Our leading social media and digital presence has enabled us to connect with our consumers in unique and engaging ways, fostering loyalty and community around our brand.
“We continue to prioritise customer feedback through these channels to refine our services and offerings.
“As we look ahead, we are optimistic about the coming year, guided by our successful initiatives, valued partnerships and dedication to exceptional customer service.”
