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Footasylum sales rise 25%

Footasylum’s sales rose by 25% to £78m for the year to February 28, while gross profit increased 21% to £35m. Operating profit fell from £1.2m to £380,844 due to investment in its infrastructure and warehouse.

The company said its like-for-like sales were in growth, although it did not give more detail. Gross margin was 45.5% compared to 47% the year before, while stock turnover remained stable at 98 days.

Profit was £429,939 for the year, down from £1.3m in 2014.

Footasylum increased its store count by five during the year. More are planned in the year to February 2016. It currently has 45 stores in the UK.

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