Footasylum news and archive

Footasylum revenue boosted 28 percent thanks to AI technology

Streetwear and sportswear retailer Footasylum has revealed that through working with artificial intelligence (AI) company Peak on a new email campaign, it has managed to increase email revenue by 28 percent. The AI technology helped Footasylum create “hyper-personalised marketing communications” by pushing relevant product recommendations,...

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Footasylum: Revenues rise 19 percent while profit falls

Footasylum plc in its unaudited results statement for the 26 week period ended August 25, 2018 said that revenues increased 19 percent to 98.6 million pounds (130 million dollars) with growth across all channels and major product categories. Store revenue was up 12 percent to 66.3 million pounds (87.4 million dollars), which the company said was...

Management

Footasylum lowers profit outlook amid challenging retail market

Updating on trading performance for the six months ended August 25, 2018, Footasylum, said that it expects to report revenue of 98.6 million pounds (127 million dollars) for the period, an increase of 18.5 percent compared to the corresponding period in the prior year. Footasylum added that it however expects to report an adjusted EBITDA loss...

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Footasylum full year revenues rise 33 percent

Footasylum revenue increased 33 percent in FY18 to 194.8 million pounds (256.7 million dollars), reflecting growth in all product categories across the company's multiple channels, from further store roll out, increasing volumes of online traffic and the launch of the company's wholesale business. While adjusted EBITDA increased 12 percent to...

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Footasylum reports 33.4 percent revenue growth

For the 18 weeks to December 30, 2017, UK-based retailer Footasylum said that the company continued the strong growth experienced over the first half of its current financial year, with total revenues for the period increasing 33.4 percent to 89.8 million pounds (121 million dollars) compared to the corresponding period in the prior year. The...

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UPDATE: Footasylum headed for 171 million pounds valuation on AIM

London - Footasylum is headed for a market valuation of 171.3 million pounds when it floats on London's AIM next week. The footwear retailer is set to list on London stock exchange junior market on November 2, offering a combination of 26,474,380 new and 13,381,134 existing shares at 1.64 pounds per share. Upon admission to AIM, 63 percent of...

Management

Footasylum confirms IPO plan, new chairman to join in 2018

As speculated earlier, Footasylum, a UK-based fashion retailer has announced its intention to float an IPO on the London Stock Exchange. The company said that dealings in the company's ordinary shares on AIM are expected to commence in November 2017. Meanwhile, Barry Bown will be joining the company’s board as Executive Chairman on or around...

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JD Sports founders said to be exploring Footasylum IPO

The founders of JD Sports, John Wardle and David Makin are contemplating floating Footasylum, a premium fashion store chain, on the London stock exchange, Sky News reports. It adds that the duo could reap benefit of millions of pounds through an initial public offering (IPO) of Footasylum, anticipated at a value of about 150 million pounds (196...

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JD Sports founders to sell stake in Footasylum chain

The families of John Wardle and David Makin, the men behind sportswear giant JD Sports, are reportedly set to receive 40 million pounds from the sale of their stake in high street retailer Footasylum. Both the Makins and the Wardles are shareholders in Footasylum, which was founded by the two back in 2009, four years after they sold their shares...