Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Branded merchandise drives Jones Bootmaker EBITDA

Footwear retailer Jones Bootmaker said EBITDA almost trebled from £1.4m to £4m for the year ended January 10, after it successfully shifted its strategy to buying more branded merchandise.

Sales are expected to be up by about 8.1% from £84m over the same period. The retailer is due to publish its audited accounts before the end of the month.

Improved performance has continued into the new financial year, with like-for-like sales ahead 17% between February and May.

Chief executive Ken Bartle, who took back control of the business from struggling Icelandic investment group Arev and its fund Kcaj last year, said: “Our ranges are better. We have more branded stock than just Jones and this is giving us more sales.”

In the past year the chain introduced Converse and rolled out brands such as Barker and Gabor to all stores.

Separately, Jones Bootmaker plans to overhaul its website this autumn and double online sales to £5m next year. The retailer, which has 93 stores, also plans to open five shops this year in Southampton, Aberdeen, Bath, Glasgow and Leicester as well as a replacement store in Liverpool.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.