Shoe Zone
This coverage explores Shoe Zoneโs strategy, operations, and performance within the UK footwear retail market. Reporting highlights store activity, e-commerce initiatives, pricing strategies, leadership decisions, and efforts to adapt to consumer trends and competitive pressures. Tailored for retail executives, brand managers, and operations professionals, the content provides insight into how Shoe Zone manages its value-focused proposition in a changing market.
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Jun- 2024 -28 JuneNews
Today’s news in brief-28/6/24
Walgreens Boots Alliance (WBA) has decided to shelve plans for a ยฃ7bn sale of Boots for the second time, citing a reduced profit outlook and the closure of 700 US stores. Despite this, Boots reported a 6% sales increase in the third quarter, highlighting growth across all categories. CEO Tim…
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28 JuneClothing & Shoes
Shoe Zone subject of cyber attack
Shoe Zone has confirmed it was the subject of a cyber incident which has resulted in unauthorised access to certain online systems and data.The company said that once it became aware of the incident, it enacted its established IT security protocols and took โimmediate stepsโ to stop the unauthorised access…
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May- 2024 -21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EGโs electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayClothing & Shoes
Shoe Zone profits remain flat amid rise in revenues
Shoe Zone has reported that its adjusted profit before tax remained flat at ยฃ2.5m for the 26 weeks to 30 March 2024, as the business was affected by costs relating to increase in National Living Wage, shipping delays due to disruptions in the Middle East and its store strategy. However,…
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Mar- 2024 -13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of ยฃ1.1bn for the year ending October 2023. The increase in debt, mainly due to the takeover by Clayton Dubilier and Rice, has led to rising finance costs, reaching ยฃ735 million. Despite a slight drop in revenues to ยฃ1.84bn, underlying profits excluding debt interest costs have…
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13 MarchClothing & Shoes
Shoe Zone warns trading to be โmarginally belowโ expectations
Shoe Zone has warned that its trading is marginally below expectations, due to an increase in National Living Wage and higher costs caused by the ongoing Suez Canal situation. At its annual general meeting on 12 March the group also reported a slower than expected end to its Autumn/Winter season.…
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Oct- 2023 -17 OctoberClothing & Shoes
Shoe Zone revenues rise 6.1% in FY23 despite store closures
Shoe Zone group revenues rose by 6.1% to ยฃ165.7m in the year ended 30 September, despite the retailer trading out of 37 less stores than in FY22. The group attributed the increase to strong H2 trading, particularly in peak summer and its key back to school period.ย As a result,…
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Jun- 2023 -9 JuneNews
Shoe Zone ups guidance as trading โexceeds expectationsโ
Shoe Zone has raised its full-year guidance after recently announcing that trading has exceeded expectations since the release of its interim results on 16 May 2023.ย The company said that the improvement is due to โparticularly strong recent trading through May and early Juneโ and that โthis is a combination…
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May- 2023 -16 MayHigh Street
Shoe Zone H1 profits halve despite revenue increase
Shoe Zone has announced that its profit before tax halved to ยฃ1.5m, down from ยฃ3.1m, for the 26 weeks ended 1 April 2023. The companyโs adjusted profit before tax was ยฃ2.5m after a ยฃ1.3m forex loss was offset by ยฃ0.3m profit on sale of freehold. Despite this the company saw…
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Oct- 2022 -25 OctoberHigh Street
Shoe Zone celebrates positive year
Shoe Zone has revealed that its adjusted profit before tax is expected to be no less than ยฃ11m for the year ended 1 October 2022, up from ยฃ9.5m in the previous year. Group revenue also increased by 31.2% to ยฃ156.2m, up from ยฃ119.1m a year earlier. This was boosted by…
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