Hotter Shoes owner sees revenues grow 10.4%

Source: Mintel 21-09-2022

Hotter Shoes owner Unbound Group has reported a growth of 10.4% to £27.6 million for its first half of the year. The retailer made an EBIT loss of £0.3 million due to the launch of its new curated multi-brand platform for its core 55+ demographic in July.

Unbound Group chief executive Ian Watson said: “Unbound Group has delivered an encouraging first half performance that builds on the momentum of 2021, despite the increased challenges of high inflation and a volatile and unpredictable consumer
environment.”