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Unbound Group PLC - London-based footwear company, formerly known as Electra Private Equity - Expects a double digit revenue growth for its unit Hotter Shoes in the first quarter of its financial year ending February 4, 2023.
Hotter Shoes, a mainly digital retailer of comfort shoes, is delivering a ‘double-digit increase in revenue against the comparator period last year as well as an improvement in gross margin,’ Unbound explains, despite challenges posed by inflation and ‘the impact of the Russia-Ukraine conflict,’ it adds.
Unbound claims its 4.6 million customer database represents some 30% of the UK over 55 female population. The firm will open a new platform and start an autumn winter launch of partner brands offering footwear & apparel in September.
Current stock price: 33.06 pence, down 2.8% on Thursday
12-month change: down 93%
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