York headquartered, omnichannel shoe retailer Pavers has posted annual sales of £155m for the year to 28th January ’23, up from £1281.m for the previous year. However, pre-tax profits had fallen to £5.95m, as against the £7.9m generated in FY 2021/22.
The business said in its report: “We have seen continued sales growth, achieving our highest ever sales levels, with our customers able to transact in-store, online and from home, and our activity levels reflect contined investment in good product.
“We had a very challenging year operationally which in the opinion of the directors led to disappointing profitability despite an increase in revenue. We are fortunate that our staff, suppliers and stakeholders were supportive during this period and we thank them for this.
“In 2023 our operational performance has mostly normalised and we have seen profitability improve.”
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