Trainer and fashion firm beating high street slump thanks to growth of online business
Profits at newly listed firm Footasylum were up by £8.4m as the company fought back against tough trading conditions on the high street.
The Rochdale fashion and footwear firm has released its first set of results since floating on AIM last year.
Much of the success was down to growth in the firm’s online business.
Revenues were up 33% to £194.8m with strong growth across all channels and product categories.
Online sales were up 41% and now account for 30% of total revenue.
Adjusted EBITDA was up 12% to £12.5m and ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
