Footasylum
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Jul- 2025 -7 JulySport & Leisure
Footasylum FY profits jump 188% as sales hit record £349.5m
Footasylum has revealed its profit before tax jumped 188% to £17.2m and its operating profits more than doubled to £21.7m, in the year to 25 January 2025. It comes as it reported a 9.4% rise in revenues to £349.5m amid strong consumer demand for its exclusive brands and new store…
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Mar- 2025 -20 MarchNews-In-Brief
Today’s news in brief-20/3/25
The UK retail sector has faced significant challenges over the past five years, with a quarter of a million jobs lost, according to the Office for National Statistics (ONS). The latest data reveals a decline to 2.84 million retail jobs, marking a reduction of 70,000 compared to the previous year.…
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20 MarchClothing & Shoes
Footasylum profits soar by 188% in ‘record’ year of growth
Footasylum has welcomed a year of “record” profits and sales, with pre-tax soaring by 188% to £17.2m, up from £6m the prior year. In the year ended 25 January 2025, total revenues rose by 9.4% to £349.5m, up from £319.5m in FY24, as the group welcomed its “best-ever financial performance”.…
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Nov- 2024 -28 NovemberClothing & Shoes
Footasylum opens upsized store at Merry Hill
Streetwear retailer Footasylum has launched its upsized store at Merry Hill shopping centre, tripling its footprint. Combining its existing unit with the adjacent space, Footasylum has expanded its presence at Merry Hill from 3,000 to 10,000 sq ft. The upsized store introduces innovative features, including a mobile payment system that…
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Oct- 2024 -15 OctoberNews-In-Brief
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
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15 OctoberClothing & Shoes
Footasylum appoints CCO and senior buying director
Footasylum has announced the appointments of Will Van Rensburg as chief commercial officer and Glen Wilkinson as senior buying director. Van Rensburg joined Footasylum in September and brings a wealth of experience from key leadership roles at prominent retailers, including Clarks Ltd, Under Armour, PVH, and Aldi. In his position…
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7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberClothing & Shoes
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility (RCF) from HSBC UK. Footasylum was acquired by Aurelius, a global alternative investor, in August 2022. Since then, the company has embarked on a strategic store opening and upsizing programme,…
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Sep- 2024 -18 SeptemberNews
Today’s news in brief-18/9/24
UK inflation held steady at 2.2% in August, unchanged from July and slightly above the Bank of England’s 2% target. The stability came despite falling food and energy prices, offset by a 1.2% rise in transport costs, driven notably by a 22.2% increase in air fares. Clothing and retail prices…
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18 SeptemberClothing & Shoes
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27 January 2024, marking another year of record growth. The group also reported record revenues, which increased by 7% to £319.5m, with EBITDA rising 41% to £22.5m and operating profits rising…
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