Multichannel shoe retailer Pavers has posted sales of £128.1m for year ended 31st January 2022. This was up from the £76.9m it generated for the previous year. It has also posted a pre-tax profit of £8.8m, in contrast to a loss of £2.29m for 20-21.
The business had acquired the entire share capital of Norwich Footwear Ltd., during the year. It also owns Jones Bootmaker and Herring Shoes. Its directors said that it had seen positive areas of growth in its sales with customers able to transact in-store, online and from home and was well placed for future growth.
In other news, Pavers had been seeking to extend its warehouse but has had its plans rejected by York city councillors. The additional space would, Pavers says, allow it to sell between 16-18 million pairs of shoes a year – a significant increase on the 5 million it currently sells, and would create 130 new jobs at the site. The business which sells online, via its 180 stores and a TV shopping channel, currently has to make use of off-site overflow warehousing.
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