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Profits edge up at Soletrader

Footwear retailer Soletrader reported a 1.5% uplift in profit before tax to £1.4m for the year to 25 June.

Turnover edged down 0.75% year on year to £38m.

During the year, the business rolled out a store refit programme, refurbishing 11 shops in total.

It closed three stores at lease end and opened two new shops. Soletrader opened a further new store in Westfield Stratford City in March.

Buying controller Derrick Hoyle said: “During the year we completed the majority of the ‘heavy lifting’ in our store refurbishment programme. Considering the work and disruption involved, we were delighted to have slightly increased our profits during the fiscal year. The performance of these refurbished stores and the contribution of our new online developments are currently ahead of our expectations.”

 

 

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