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Shoe Zone trading better than expected in July

Shoe Zone has revealed that trading has been better than expected since it issued its most recent trading update on 29 June. In a statement, the… View Article

FASHION RETAIL NEWS UK

Shoe Zone trading better than expected in July

Shoe Zone has revealed that trading has been better than expected since it issued its most recent trading update on 29 June.

In a statement, the footwear retailer said demand for summer products have been higher than previously anticipated, particularly in the last two weeks.

The retailer has also benefited from margin improvements due to its efforts to manage costs and its supply chain.

As a result, Shoe Zone now expects its full year adjusted pre-tax profit to come in at not less than £9.5 million. This is up from the previous minimum of £8.5 million set out in June.

Shoe Zone has 368 stores, the majority of which are high streets shops containing the core Shoe Zone product range. It also operates 45 larger retail park stores which also carry shoes from brands such as Skechers, Hush Puppies and Kickers.

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