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Sandra Halliday Published
March 20, 2025
Trainers and sports apparel specialist Footasylum has released its results for the financial year ended 25 January and they look strong, especially so given the tough backdrop and the struggles of its larger peer JD Sports.
And importantly, it said the strong performance has continued into FY26, and the company “is confident for another year of growth ahead”.
Total revenue last year was up 9.4% to £349.5 million for another year of record growth, while store sales were up 3% to £172 million. This was driven by new store openings based on the Oxford Street blueprint.
Its online sales increased 6% to £143.6 million and now make up 41% of the total.
The company also said that exclusive brand sales were up 101% through new and existing wholesale partnerships, now accounting for 10% of total sales.
It added that womenswear sales were up an impressive 18% during the year and juniors sales rose 17%. Both categories have been “key areas of focus for the company, supported by larger store footprints and brand extensions”.
As for profits, underlying EBITDA was up a pleasing 26% to £28.2 million and operating profit surged 123% to £23.3 million with profit before tax up 188% to £17.2 million.
The company is continuing its store opening and upsizing programme and increased the retail space of, or opened, seven new stores across the Midlands, North of England and Scotland.
CEO David Pujolar said the results demonstrate “our resilience in a challenging market environment. Our strategic initiatives and new organisational structure have proven effective and position us strongly for sustained growth”.
He added that the new store format, based on the Oxford Street blueprint, “has enhanced the Footasylum shopping experience and been well received by consumers…. Additionally, our successful expansion into the wholesale channel demonstrates our ability to identify, and respond to, consumer preferences and emerging trends”.
And he described the last year as “transformative as we evolve from a traditional retailer into a multifaceted group with diverse channels and creativity. We are excited to have formed strategic partnerships with global brands such as Nike, Adidas and New Balance. These collaborations elevate our offering and reflect our commitment to delivering the best on-trend products to our consumers”.