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

Profits rise 24.6% at Sole Trader

Footwear retailer Sole Trader has reported a 24.6% increase in operating profit for the year to June 29, 2013, boosted by online sales and sales uplift from a store refit programme.

Turnover at the company increased by 7.2% to £37m for the period, compared to sales of £34.5m the previous year. Profits rose to £1.08m, up from £868, 214.

In 2013 the business rolled out a store refurbishment programme, refitting the Bluewater and Birmingham Bullring stores as well as opening new shops in Leicester, Stoke, Nottingham and Bromley.

Marcel Bordon, chief executive of Sole Trader, said despite costs dampening consumer spend, there were “strategic opportunities for growth.” As part of that the company plans to refit 14 more stores across the UK this year.

Since the start of 2014, Sole Trader, which stocks brands including New Balance, Nike, Hugo Boss and Paul Smith, has already refitted the Trafford Centre store and opened a new shop in the Metro Centre in Gateshead.

Sole Trader currently has 43 stores in the UK and nine Sole Trader outlet branches.

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.