Nike leads top ten most profitable UK footwear companies
A new industry report has been released which examines the financial performance of leading companies operating in the footwear industry in the UK. The Business Ratio Report – The Footwear Industry, published by the Prospect Shop, puts Nike at the head of the top ten most profitable footwear companies by pre-tax profit margin for 1999/2000, with sales of £23.5 million for the year, and a pre-tax profit margin of 30 per cent. Pentland Brands UK is second with a pre-tax profit margin of 20.1 per cent, followed by Foot Shop (17.6 %), Ellesse UK (17.4%), Russell & Bromley (16.2%), Airborne Footwear (14.4%), Twinmar (12.6%), The Absolute Leather Co (12%), Lambert Howarth & Sons (10.9%), and Peter Black Footwear & Acc. (10.2%). In terms of 1999/2000 sales turnover, the top ten features C&J Clark International in first position with sales of £621.3 million, followed by Stylo Barratt Shoes at £196.5 million, Airwair at £191.8 million, and R.Griggs & Co at £191.5 million.
