Footwear retailer Jones Bootmaker returned to profit last year, while sister firm Brantano UK narrowed its losses.
Jones made a pre-tax profit of £315,000 for the year to December 31, compared to a loss of £2m the year before. Sales after exceptional items were up to £79.9m from £78.3m and online sales were up 70%.
Sales at Brantano UK were up 6% for the year to £100m, driven by a 30% increase in online sales and “strong growth” in women’s footwear. The chain narrowed its pre-tax losses to £4.6m from £5.8m.
London-based investment firm Alteri acquired Jones and Brantano UK from their Dutch parent company Macintosh for €17m (£12.2m) on October 27.
Drapers revealed in March that Macintosh was selling the two retailers to raise capital to fund its core business in Europe, which includes Brantano Belgium, Scapino and Hoogenbosch Retail Group.