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Sole Trader profits up 11.8%

Footwear retailer Sole Trader has reported an 11.8% increase in operating profit to £1.2m for the year to June 28, 2014.

Turnover at the retailer, which has 50 shops across the UK, was up 2.6% to £38m for the year.

Derrick Hoyle, buying controller at Sole Trader said: “We are pleased with last year’s figures and delighted with the results we’ve seen this year from our recently refitted stores. Our heavy investment programme will continue throughout this year.”

So far in 2015 Sole Trader has refurbished six stores in Cambridge, Sutton, Aberdeen, Chester, Canterbury and Cribbs Causeway with a further four stores earmarked for later in 2015. A total of £1.5m has already been invested in the investment programme.

@jillgeoghegan

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