High Street

Shoezone ups profit guidance amid ‘better than expected’ trading

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

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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