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

Owner of footwear retailer Treds mulls sale

The owner of multi-brand footwear retailer Treds is considering a sale of the business, Drapers understands.

Owner Steve Kavanagh founded the chain, which has around 30 shops in the UK and stocks brands such as Birkenstock, Vans, Dr Martens and Skechers, in 1996. Schuh and JD Sports Fashion have been linked to rumours of a possible buyout in the past.

Treds’ store network is concentrated in the Southwest, Midlands and south coast, with its most northern shop located in Blackburn, Lancashire.

One brand stocked by Treds, which confirmed that the chain is for sale, told Drapers: “It’s a good business; it will be interesting to see who picks it up.”

However, a spokesman for another brand suggested Treds may struggle to sell some of its stores: “They have a lot of West Country stores that are a lot quieter than others. We would do a couple of hundred pairs in the Blackburn store on a Saturday, but only 10% of that in the Bath or Bristol shop.”

He added: “There were rumours that they were looking at selling to Schuh a few years ago, but that didn’t happen.”

The company, which opened its first branch in Weymouth in 1996, reported sales of £14.4m for the year to March 31, 2013. Operating profit for the period was £496,430.

Treds could not be reached for a comment.


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.