Online growth and squeezed margins for Footasylum
Footasylum, the British sneaker-focused retailer, saw Ebitda swing into negative territory with a loss of £1.5 million (€1.7m-$2.0m) for the 26 weeks ended on Aug. 25 from a profit of £4.4 million in the year-ago period, in spite a 19 percent sales increase to £98.6 million (€112.1m-$128.4m).
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