Footasylum sales rise despite fall in profits


Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.

The fashion and sportswear retailer posted a 6% increase in sales to reach £297.8m for the full year to January 28, 2023, up from £280.9m in 2022.

Footasylum reported a 4.9% increase in gross profit from £132.6m to £139.1m for the period while operating profit more than halved from £14.8m to £6.5m for the period.

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