Footasylum, the sportswear and streetwear omnichannel retailer, is accelerating its UK expansion plans in 2026 after extending its revolving credit facility with HSBC UK from £35m to £60m.
The enlarged facility will support the next phase of Footasylum’s store roll-out programme, with new locations planned in Leeds, Glasgow and Merthyr Tydfil.
As part of the new store openings and upsizes, Footasylum expects to create over 80 new jobs.
In addition, Footasylum will undertake significant development of its existing locations in Manchester’s Arndale and Trafford centres, creating two substantially larger stores in prominent, high-footfall locations. Footasylum’s Arndale store will increase in size by approximately 80% to 17,758 sq ft, while its Trafford store will grow by approximately 100% to 17,178 sq ft.
HSBC UK funding will also be used to upgrade Footasylum’s 280,000 sq ft of warehousing space in Middleton, Greater Manchester. This development will enhance operational efficiency and support rising in-store and online customer demand.
Nick Scott, Chief Financial Officer at Footasylum, said: “This funding from HSBC UK marks a significant milestone in our growth journey as we continue to expand our footprint across the UK. This expansion programme will strengthen our ability to deliver best-in-class customer service, while scaling the availability of our highly popular ranges across multiple channels, including in-store and online.”
Zubayr Atcha, Senior Global Relationship Director at HSBC UK, added: “It’s fantastic to support Footasylum with another ambitious phase of its growth strategy, as the business continues to deliver a wide range of products to its customers. Footasylum is a leading force within the UK retail sector, and remains fully committed to investing in the high street despite a challenging consumer environment. We look forward to seeing how this funding package supports the future success of the business.”
The first of these new Footasylum stores are set to open in March, with additional openings following in April and May.
This latest announcement follows a year of growth for Footasylum in 2025, which saw the opening of nine new UK stores, creating 125 jobs in various roles. The retailer also announced plans for 40 new stores across the Gulf region through a franchise partnership with Apparel Group.
