Footasylum has reported a leap in festive sales in its debut stock market update driven by its online arm.
The specialist retailer posted a 33.4% climb in sales year on year to £89.8m in the 18 weeks to 30 December as its bricks-and-mortar, ecommerce and wholesale channels all recorded revenue growth.
The footwear retailer opened six new stores during the period, taking its overall store estate to 65 shops.
Footasylum, which debuted on the stock market in November, plans to use funds raised from its successful IPO to fuel its aggressive expansion ambitions.
The retailer, which was created by JD Sports founders David Makin and John Wardle, plans to build its bricks-and-mortar estate to 150 stores.
The footwear chain’s online channel was its star performer, and accounted for a higher proportion of total revenue than it had in the comparable period the previous year.
Footasylum, which will report its maiden preliminary results since its float in June, recorded a 34.7% rise in revenue to £173m in the 44 weeks to December 30.
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