Privately owned footwear retailer Schuh has revealed an 18 per cent rise in EBITDA to £11.7 million in its last financial year.

Sales for the 12 months to March 2008 rose by£12 million to£119 million, according to Schuh managing director Colin Temple.

Temple said that Schuh’s like-for-likes and margins in the new financial year were well ahead of last year and he attributed the success to a variety of improvements at the business.

“Our continued investment in our people, our customer service and our systems has borne fruit,” said Temple.

Schuh has 50 shops and claims to be the biggest specialist online footwear retailer in the UK, trading through partner sites with Amazon and Vivaladiva as well as its own site.

The retailer intends to open another four stores by Christmas this year, including one at White City.