Shoe Zone
This coverage explores Shoe Zone’s 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.
-
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 EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
Read More » -
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 £2.5m 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,…
Read More » -
Mar- 2024 -13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn 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 £735 million. Despite a slight drop in revenues to £1.84bn, underlying profits excluding debt interest costs have…
Read More » -
13 MarchClothing & Shoes
Shoe Zone warns trading to be ‘marginally below’ 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.…
Read More » -
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 £165.7m 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. As a result,…
Read More » -
Jun- 2023 -9 JuneNews
Shoe Zone ups guidance as trading ‘exceeds expectations’
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. The company said that the improvement is due to “particularly strong recent trading through May and early June” and that “this is a combination…
Read More » -
May- 2023 -16 MayHigh Street
Shoe Zone H1 profits halve despite revenue increase
Shoe Zone has announced that its profit before tax halved to £1.5m, down from £3.1m, for the 26 weeks ended 1 April 2023. The company’s adjusted profit before tax was £2.5m after a £1.3m forex loss was offset by £0.3m profit on sale of freehold. Despite this the company saw…
Read More » -
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 £11m for the year ended 1 October 2022, up from £9.5m in the previous year. Group revenue also increased by 31.2% to £156.2m, up from £119.1m a year earlier. This was boosted by…
Read More » -
Jul- 2022 -26 JulyHigh Street
Shoezone ups profit guidance amid ‘better than expected’ trading
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,…
Read More » -
May- 2022 -16 MayClothing & Shoes
Woolwich Shoe Zone to reopen after refit
Shoe Zone is set to reopen its Woolwich store on 27 May after it closed for a month to undergo a modern refit to improve customers’ shopping experience. Located on the partially pedestrianised Powis Street, the refitted store will stock brands such as Lotus, Heavenly Feet, Jana Softline, S Oliver…
Read More »
