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Hotter revenues up 9%

British footwear brand and retailer Hotter has doubled its turnover in the last four years, with revenues for 2012 growing by 9% to £74.9m.

Underlying profits were up 16% for 2012, with the business opening 21 new standalone branches in the UK last year, bringing the total number of UK stores to 52.

Overseas sales, which consist of mail-order and online, grew by 44% in 2012, with the US market seeing a particularly strong performance. The brand entered Russia and the Middle East last year and plans to enter the German market in 2014.

Peter Chappelow, chairman of Hotter, said he planned to invest in “our product, sales channels and international presence” next year.

 

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