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.
Subscribe to TRBDuring 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.
