Footwear specialist Footasylum has posted sales of £194.8 million for the 12 months to 24th February 2018 with EBITDA up 12 per cent to £12.5 million. During the year the retailer had opened 10 additional stores as well as invested in its online offering, expanded distribution facilities, and in new inhouse studio. Online sales now account for one third of Footasylum’s revenues.
Claire Nesbitt, CEO said: “We have delivered broad-based growth across all of our channels and product categories, while also continuing to invest in our infrastructure and talent in order to support further long-term expansion.”
The business which targets 16-24 year olds said its customers had proved to be comparatively resilient and now plans to upsize stores and invest further in its digital capability in readiness for peak season.
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