Clothing & Shoes

Hotter Shoes boosts Unbound Group’s Q1

It revealed its active customer base continues to grow, with Unbound's email database exceeding 1 million

The Unbound Group, which owns a stable of brands aimed at the 55+ demographic, has hailed a strong performance from its footwear brand Hotter Shoes for its Q1 period ending 4 February.

The retail group said Hotter delivered a double-digit increase in revenue against the comparator period last year as well as an improvement in gross margin – although did not give specific figures.

In addition, it revealed its active customer base continues to grow, with Unbound’s email database exceeding one million.

Unbound said Hotter has achieved the “strong performance” despite the macroeconomic backdrop of rising inflation, supply chain challenges and the impact of the Russia / Ukraine conflict. It added its board believes that the outlook for the external environment “continues to look challenging”.

As such, the group confirmed its costs are being “tightly managed” with marketing, variable and fixed cost efficiencies being delivered as revenue continues to grow.

Ian Watson, CEO, said: “I am delighted that the progress we have made in transforming Hotter continues to be translated into improved financial performance. The development of the Unbound Group platform is gathering pace and we have secured a number of exciting launch partner brands within footwear and apparel.

“We are engaged in positive discussions with a number of additional potential partners that will further develop our footwear and apparel offer and launch our wellness proposition, to be followed by other target categories in phased implementations. We continue to be guided by our unique insight of our consumer base as we curate a range of products specifically for our target audience.”

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