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Shoezone ups profit guidance amid ‘better than expected’ trading
Image: https://www.shoezone.com/Investors/Images/

Shoezone ups profit guidance amid ‘better than expected’ trading

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the company now expecting adjusted profit before tax for FY 2022 to be not less than £9.5m.

It said the upturn was due to “higher than expected demand for summer products, particularly in the last two weeks”.

The company also said it continued to experience margin improvements as a result of good supply chain and cost management.

Shoe Zone operates from a portfolio of 368 stores and has approximately 2,700 employees across the UK.

The store portfolio consists of 283 original high street stores containing the core Shoe Zone product range and 40 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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