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Shoe Zone trades well in second half of financial year

Footwear retailer Shoe Zone has said it traded well in the second half of its financial year.

GENERAL MERCHANDISE

Shoe Zone trades well in second half of financial year

Footwear retailer Shoe Zone has said it traded well in the second half of its financial year.

However, it expects full year revenues to be in the region of £166.8 million compared to £172.9 million in the same period in the previous year due to the planned closure of loss making stores.

The retailer ended the year with 535 stores, having opened 18 and closed 28 in the 52 weeks to 3 October.

Shoe Zone said it expects pre-tax profit for the period to be in line with expectations.

In a statement the company said: "There have been no significant unexpected changes in the financial position of the group since the publication of the Interim Report for the half-year ended 4 April 2015."

Shoe Zone will announce its final results for the period on 13 January 2016.

 

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