Europe’s largest shoe retailer, Deichmann, plans to open on more UK high streets it emerged after the chain revealed a huge jump in sales.
The Germany-headquartered company, which operates in 31 countries, has already opened six fresh UK branches so far this year, taking the store portfolio here to 130. Before the end of 2023 it will unveil another London shop and refit its Woolwich and Ilford sites.
The update came after the firm, privately owned by the Deichmann family, filed accounts that show UK turnover jumped 42.8% to £121.8 million last year.
The chain’s back-to-school range, including brands such as Kickers and Fila, performed well, as did its own brand products.
The retailer is known for its low prices and no-frills store interiors.
Simon Wilson, director at Deichmann, said: “It is encouraging to see trading levels almost back to pre-pandemic times. We were able to grow in stores as well as online.”
But pre-tax losses widened to £3.3 million from a £1 million loss after investments in the business, including securing a new warehouse, opening shops and higher marketing spend.
