Schuh
This coverage examines retail and commercial activity in Stockport, Greater Manchester. Reporting includes updates on store openings and closures, property developments, and initiatives to revitalise the town centre. Analysis explores how local economic conditions, investment projects, and consumer behaviour are shaping the retail landscape — offering insights for executives, property managers, and professionals making decisions about operations and strategy in the area.
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Nov- 2024 -4 NovemberNews-In-Brief
Today’s news in brief-4/11/24
Asda co-owner Mohsin Issa and partner Victoria Price have taken a substantial stake in the Manchester-based secondhand clothing platform GoThrift through their new investment fund, Boulder Investco. Established to support high-growth UK startups, Boulder Investco has also committed £10m to the Liverpool-based protein supplement company Applied Nutrition. Issa, a key…
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4 NovemberClothing & Shoes
Schuh profits rise by 56.8% to £21m in FY results
Schuh has reported that pre-tax profits rose by 56.8% to £21m in the year ended 3 February 2024, as sales and footfall were both on the rise. In its recently filed accounts with Companies House, the footwear retailer reported that turnover increased 7.4% to £380.8m and EBITDA reached £28m, a…
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Sep- 2024 -10 SeptemberClothing & Shoes
Schuh launches ‘Single Shoe’ initiative to increase inclusivity
Schuh has introduced a new initiative to enable customers to make single shoe purchases nationwide in a step towards greater inclusivity. The initiative, available in-store, sees schuh customers get 50% off single shoes taken from a brand new pair. The new offering follows the positive feedback already received from customers…
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Sep- 2023 -25 SeptemberNews
Kenji and Rituals set to open at Merry Hill
Sovereign Centros has announced that Kenji, the design-led homeware retailer, and Rituals, the luxury beauty and wellbeing brand, have signed at Merry Hill. Set to open later this year, Kenji and Rituals will occupy over 6,850 sq ft of retail space, joining a series of recently opened leading retailers and…
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Aug- 2023 -9 AugustClothing & Shoes
Hirestreet launches first ever shoe rental collection with Schuh
UK rental platform Hirestreet has launched its first ever shoe rental offering as part of a new partnership with footwear retailer Schuh. It comes as Hirestreet said it is experiencing a record Summer for occasion wear rental, leading to a 300% increase in site traffic vs Summer 2022. In July…
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May- 2022 -10 MayClothing & Shoes
Schuh opens distribution centre in Ireland
Schuh has announced the opening of a 49,000 square foot distribution centre in Ireland. The new facility at northwest business park, Dublin, has led to the creation of 25 additional job roles. The Republic of Ireland distribution centre will serve Irish and European customers, further increasing schuh’s omnichannel capabilities, ensuring…
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Mar- 2020 -26 MarchClothing & Shoes
Schuh closes online operations
Schuh has announced that it has taken the steps to close its website as the coronavirus crisis continues to unfold. The shoe retailer said it had taken the step to shut down its online operations as it takes time to “understand the latest government guidelines”. The Scottish-based retailer said that…
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Oct- 2019 -31 OctoberEconomy
Schuh pre-tax profits fall by £7m amid ‘extremely challenging year’
Schuh has reported a £7m fall in pre-tax profits to £6.1m attributed to a second consecutive year of “extremely challenging” conditions for retail, according to accounts filed at Companies House this week. For the year ending January 2019, the footwear retailer reported fall in turnover by over £20m to £288.4m…
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Sep- 2019 -16 SeptemberHigh Street
Schuh to seek rental reductions
Footwear retailer Schuh has become the latest retailer to ask landlords for rent reductions across its retail estate, after it reportedly hired a consultant to explore money saving options. According to reports from The Times, the brand has brought in retail property consultants from Capa, to carry out a full…
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4 SeptemberComment
Inventive independent retailers attract cautious customers
We’ve been hit with a barrage of reports that suggest big box retail is struggling to keep up with changes to the high street. In July, the British Retail Consortium released data that found retailers experienced their worst month of trading since records began, as Brexit, consumer spending and discounting…
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