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Shoe Zone set to post rise in pre-tax profit for FY22

Shoe Zone has today revealed that it expects to post adjusted pre-tax profit of “not less than £8.5m” at the end of the full 2021/22 financial year,… View Article

FASHION

Shoe Zone set to post rise in pre-tax profit for FY22

Shoe Zone has today revealed that it expects to post adjusted pre-tax profit of “not less than £8.5m” at the end of the full 2021/22 financial year, the 52 weeks to 2 October 2022.

Since the publication of its interim results in May, the firm recorded pre-tax profit of £3.1m for the 26 weeks period to 2 April 2022, compared to a £2.6m loss in 2021.

The shoe retailer said “the business has been trading well and has also seen strong margin improvements and cost savings, in particular as a result of rent reductions and good supply chain management”.

Shoe Zone operates from a portfolio of 388 stores and has approximately 2,850 employees across the UK.

The Shoe Zone store portfolio consists of 308 “original” high street stores containing the core Shoe Zone product range, 35 “hybrid” high street stores and 45 “big box” larger retail park stores, which also have additional brands such as Skechers, Hush Puppies and Kickers.

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