Foot Locker Retail Ireland Ltd managed to reduce its pre-tax losses by 46% in 2023, reaching €62,000, despite facing a 369% surge in insurance costs.
Revenues rose by 14%, increasing from €11.54 million to €13.17 million, indicating a resilient sales performance amidst rising operational costs.
The company's security costs increased significantly, reflecting a heightened focus on safety following incidents of looting, rising from €73,429 to €94,880 in 2023.
Despite increased operational costs and insurance expenditures, the directors expressed satisfaction with the results, underlining the company’s efforts to manage expenses and losses.
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