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Published
Jan 11, 2018
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Sales rise across all channels at Footasylum

Published
Jan 11, 2018

Fashion and footwear retailer Footasylum has continued the strong growth experienced over the first half of its current financial year with an impressive set of results for the festive season.


Footasylum


The company, which has traded on the the AIM market of the London Stock Exchange since November, benefited from the growing trend of buying sportswear as a gift and reaped the rewards of an expanded store estate as it revealed its results for the 18 weeks to 30 December.

Revenue increased by £22.5 to £89.8 million, up 33.4% on the comparable period in the prior year. This was supported by year-on-year growth across all three sales channels, including stores, ecommerce and wholesale.

And during the 18 weeks, Footasylum opened six new stores. This takes the total number of stores in the UK to 65, including the brand’s first ever dedicated women’s store, which opened in Leeds in July.

Total revenue for the 44 weeks to 30 December increased by 34.7% to £173 million.

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