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Shoe Zone hails positive year

Shoe Zone has posted an uplift in full year revenue after it benefited from stores being able to trade for the entire period following Covid-19 disruption…. View Article

FASHION

Shoe Zone hails positive year

Shoe Zone has posted an uplift in full year revenue after it benefited from stores being able to trade for the entire period following Covid-19 disruption.

In the 52 weeks to 1 October, group revenue increased to £156.2 million from £119.1 million a year earlier.

While store sales rose to £129.8 million from a previous £88.5 million, online sales declined by 13.6% to £26.4 million.

Meanwhile, Shoe Zone is expecting its adjusted pre-tax profit to come in at not less than £11 million compared to £9.5 million in the prior year.

Shoe Zone chief executive Anthony Smith said: “I am pleased to announce that Shoe Zone had a positive year that included a full 52 weeks trade post pandemic. We continue our strategy to expand our hybrid and big box formats via refits and relocations.  Shoe Zone continues to show how resilient it is, with a proven track record of delivering robust results during times of economic uncertainty.”

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