All Footasylum articles
Footasylum is a footwear and fashion retailer that was established by the founders of JD Sports in 2005. Like JD, Footasylum focuses on trendy sports and leisure wear aimed at young fashion-conscious consumers. Now trading through 66 stores, the business completed a flotation on the stock market in late 2017. It offers a host of branded products along with its own label. It initially focused on menswear products but has begun to extend its women’s and children’s lines.
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GalleryFirst look at Footasylum’s ‘most technologically advanced store yet’
Footasylum has opened the doors to its new store in Lakeside Shopping Centre, Essex, showcasing a “first-of-its-kind concept development” for the retailer.
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NewsFootasylum 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.
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NewsFootasylum ramps up UK expansion plans as womenswear demand booms
Footasylum has announced plans to expand its presence in the UK this year, with the opening of new stores and the upsizing of existing stores, following a “notable increase in demand for womenswear”.
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AnalysisWhat’s in store for 2023? Very, Primark and Kingfisher bosses predict the year ahead
In the last year, the UK has leapt from a pandemic to a political circus straight into an economic whirlwind, begging the question: what’s next? So we’ve asked the bosses of retail to predict the unpredictable and tell us the trends they think will dominate and direct the sector in 2023
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NewsJD Sports sells Footasylum to investment group
JD Sports has offloaded its Footasylum business to German investment group Aurelius.
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DataData: The 15 most improved retailers for gender pay equality 2022
Retail Week ranks the top-performing and most improved retailers for gender pay equality this year.
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NewsJD Sports ups profit forecast but delays results to address Footasylum fallout
JD Sports has upped profit expectations but delayed its full-year results so it can address the divestment of Footasylum and complete a governance review.
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NewsCowgill hits back after JD Sports and Footasylum fined almost £5m by CMA
JD Sports has accused the Competition and Markets Authority (CMA) of using “inflammatory language” and reaching misleading conclusions after it handed down a nearly £5m fine to the retailer and Footasylum.
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NewsAshley’s Frasers Group circles Footasylum
Tycoon Mike Ashley’s Frasers Group is thought to have tabled an offer for Footasylum, which JD Sports has been ordered to sell by the competition authorities.
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NewsJD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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NewsJD Sports lambasts CMA as regulator orders sale of Footasylum
JD Sports has hit out at the competition watchdog after a final ruling ordered the retailer to sell the Footasylum business it acquired back in 2019.
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NewsJD Sports ‘perplexed’ as Footasylum deal knocked back by CMA
JD Sports faces the prospect of having to sell Footaysylum following renewed concerns about the deal from the Competition and Markets Authority.
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Prospect AnalysisTechnology strategy at Footasylum
Footasylum has significantly upgraded its IT systems of late to support its ambitious plans for growth.
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Prospect AnalysisFootasylum (People)
Former JD Sports CEO Barry Bown joined FootAsylum as executive chairman in 2018 and took on the joint role of executive chairman and CEO the following year after former boss Clare Nesbitt, the daughter of co-founder David Makin, left the business.
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Prospect Analysis
Footasylum (Overview)
Footasylum is a fast-growing footwear and fashion retailer that was established by the founders of JD Sports and is now trading through around 60 stores, a handful of which are under new offshoot brands Drome and Sevenstore.
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Prospect AnalysisFootasylum (Strategy)
Footasylum was established by John Wardle and David Makin – the founders of JD Sports – in 2005. Similar to JD, Footasylum focuses on trendy sports and leisure wear aimed at young fashion-conscious consumers.
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Prospect AnalysisFootasylum (SWOT)
In a competitive market, Footasylum has established itself as a credible source for sports and leisurewear for a younger customer. Having launched as recently as 2005, it now generates annual sales of some £300m.
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Prospect AnalysisStores at Footasylum
The current focus is on upsizing exising stores in strategically important locations and “selectively opening new city centre stores” where Footasylum has no representation.
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Prospect AnalysisFootasylum (Financials)
Total sales rose 6.0% to £297.7m in FY2022 as an 18.8% increase in store sales was offset by an 8.5% decline in online sales. Profits came under pressure, with pre-tax profit slumping 74.7% to £2.8m, reducing pre-tax profit margin to just 0.9%.
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Prospect AnalysisEcommerce at Footasylum
Footasylum has been established as a multichannel business from day one and over its most recent financial year, the online channel accounted for around 40% of sales.
