Footasylum achieves FY sales growth

Footasylum achieves FY sales growth

Footasylum which is owned by Aurelius has posted annual sales of £298m to Y/E January 28th, 2023. pre-tax profit had dropped from the previous year’s £11.1m to £2.8m – due, said the company, to legal expenses incurred which related to the CMA investigation following its acquisition by JD Sports, and £2.94m related to impaired IT systems.

The group said in a statement: “Footasylum is not immune to the widely reported challenges to physical retail in the UK, we remain conscious of the headwinds that prevail including the general macro-economic and geopolitical situation, and global inflation.”

It added that it is planning to increase its retail chain and drive performance with focus on cost control, streamlining internal and external delivery chains, and investing in digital channels during the current year.


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