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Shoe Zone posts uplift in full year sales and profit

Shoe Zone has posted an uplift in full year sales and profit after benefiting from strong summer and back-to-school trading. The year 30 September saw the… View Article

FASHION RETAIL NEWS UK

Shoe Zone posts uplift in full year sales and profit

Shoe Zone has posted an uplift in full year sales and profit after benefiting from strong summer and back-to-school trading.

The year 30 September saw the footwear retailer increase its revenue to £165.7 million from £156.2 million in the prior year and grow its pre-tax profit to £16.2 million from a previous £13.6 million.

During the year. store revenue increased by 3.9% to £134.8 million despite the retailer trading out of 37 fewer stores. Shoe Zone said its  relocated and refitted stores put in particularly strong performances.

Meanwhile, digital revenue grew to £30.9 million from the previous year’s £26.4 million,

Anthony Smith, chief executive of Shoe Zone, said: “Shoe Zone had a very positive year, with strong and consistent results throughout the key trading periods, particularly in the second half, with strong peak summer and back-to-school trading.”

Shoe Zone ended the year with 323 stores after closing 72, opening 35 and refitting a further 15 existing stores to new formats. Looking ahead. the retailer said it is continuing to accelerate its store refit and relocation programme while driving its digital strategy.

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