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Shoezone profit before tax jumps to £16.2m
Image: https://www.shoezone.com/Investors/Images/

Shoezone profit before tax jumps to £16.2m

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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Shoezone has revealed that its profit before tax has risen to £16.2m, up from £13.6m last year, for the year ended 30 September 2023.

Alongside this, the company posted revenues of £165.7m, up from £156.2m for the same period last year.

Shoezone saw store revenues of £134.8m, up from £129.8m last year, and digital revenues of £30.9m, up from £26.4m.

In the period the company opened 35 stores and closed 72 leaving it with 323 stores, down from 360.

These stores are made up of 42 bog box stores, 93 hybrid stores and 188 original stores.

As a result of these closures the company made £0.7m in annualised lease renewal savings, an average reduction of 31%.

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