Shoe Zone blames higher costs and Red Sea disruption for ‘slower than expected’ sales Retail Shoe Zone has blamed higher costs, the disruption in the Red Sea and "slower than expected" sales at the end of 2023 for its reduced performance in recent months.
Shoe Zone thanks back-to-school shopping for near 20 per cent profit boost Shoe Zone High street retailer Shoe Zone thanked back to school shopping for a 19.1 per cent jump in profit before tax for the full year.
Shoe Zone: Shares up almost eight per cent after better-than-expected sales Shoe Zone High street retailer Shoe Zone has revealed that spring sales surpassed expectations after strong trade in recent weeks. Shares in the company took a step in the right direction as a result, rising by more than 7% on Friday morning. The discount shoe brand said sales since its previous update on May 16 have “exceeded [...]
Shoe Zone walks the walk with revenue making a steady comeback May 17, 2022 Budget shoe shop Shoe Zone announced a strong comeback this morning, with revenue up 73 per cent in the last quarter to £69.9m.
Surge in back-to-school sales pushes Shoe Zone’s profit outlook for third time this summer August 31, 2022 A surge in back-to-school sales has helped retailer Shoe Zone to increase its full-year profit outlook for the third time in as many months. The discount shoe chain said trading continued to be better than expected during August, with strong demand for back-to-school items and summer shoes boosting business. Shares jumped more than 10% in [...]
Shoe Zone kicks back delivering 58 per cent boost from digital growth January 11, 2022 Shoe Zone reported recovering revenues, as the shoe retailer continues to diversify its offering to survive. It announced a revenue of £119.1m, compared to the previous year’s £122.6m. Profit before tax was at £9.5m for the period up to October 2021 (2020: £14.6m loss) with an earnings per share of 14.0p (2020: (23.8)p loss per [...]
Footwear retailer Shoe Zone suspends dividend until 2025 March 8, 2021 Footwear retailer Shoe Zone this morning said it has suspended its dividend until it is able to pay off its £12m in debt, which it does not expect to be until 2025 at the earliest. The firm – which had been debt free for 15 years – said borrowing had rocketed during the coronavirus pandemic. [...]
Footwear retailer Shoe Zone could close more stores after revenue takes a kicking May 18, 2021 Shoe Zone saw overall revenue drop to £40.4m in the six months to 3 April, down from £68.9m in the corresponding period a year earlier after lockdown measures saw revenue from physical stores plummet. In the first half of its financial year store revenue at the shoe retailer stood at just £22.8m, down from £63.3m [...]
Shoe Zone profit slumps after £3m hit on property valuation January 8, 2020 Budget footwear retailer Shoezone suffered a slump in profit last year after it was forced to take a £2.9m hit on the value of 17 properties. The figures Statutory profit before tax dropped from £9.6m to £6.7m after the company reported a £2.9m writedown on the value of 17 freehold properties. Read more: Retail landscape [...]
Shoe Zone shares jump after revenue rise October 24, 2019 Shoe Zone, the UK’s largest value footwear retailer, hit the ground running this morning as a rise revenue boosted its share price. The group, which suffered a sharp drop in its share price this summer after issuing a profit warning, said today that revenue for the full-year had risen despite “challenging” trading conditions. Read more: [...]