Shoe Zone news and archive

Shoe Zone issues profit warning

Shoe Zone has announced that adjusted profit before tax for the financial year is now expected to be around 5 million pounds, down from previous expectations of 10 million pounds. In light of the above, the company is not proposing to pay a final dividend for the financial year ended September 28, 2024. For the first two months of its financial...

Business

Unseasonal weather impacts Shoe Zone's FY24 results

Shoe Zone revenue in FY24 was 161.3 million pounds, down 2.7 percent due to the unseasonal weather in the second half of the year, particularly peak summer, as well as trading out of 26 fewer stores. The company expects to report pre-tax profit not less than 9.6 million pounds and adjusted profit before tax of around 9.5 million pounds. The...

Retail

Shoe Zone, Specsavers and Lush among looted stores in UK riots

A swarm of racially-charged riots have gripped the UK in the past week, leaving behind a growing number of ransacked, looted and damaged store fronts in their path. According to various media reports, more than 140 people have been arrested in relation to the demonstrations, believed to have been led by far-right groups. Much of the damage had...

Business

Shoe Zone warns high shipping costs to hit profit

Shoe Zone has announced that the company now expects adjusted profit before tax for the current financial year to be not less than 10 million pounds. The company said that further to its AGM statement released on March 12, 2024, Shoe Zone has continued to experience cost pressures associated with container prices due to a reduction in the supply...

Business

Shoe Zone subject to cyber attack

Footwear retailer Shoe Zone has announced that it has been impacted by a cyber incident which “has resulted in unauthorised access to certain online systems and data”. In a regulatory filing, the company said that it enacted its IT security protocols upon learning of the incident, taking “immediate steps to stop the unauthorised access to its...

Business

Shoe Zone posts marginal growth in H1 sales

For the first six month period, Shoe Zone’s profit before tax improved to 2.6 million pounds, while adjusted profit before tax remained flat at 2.5 million pounds. The company's revenues were 76.5 million pounds, up 1.5 percent. Store revenues decreased by 1.7 million pounds as the company traded out of 27 fewer stores than 12 months ago....

People

Shoe Zone CEO Anthony Smith steps down from PLC board

Shoe Zone has announced that the company’s CEO Anthony Smith is stepping down from the PLC board to increase his focus on the day to day running of the business. Smith will remain as a director of Shoe Zone's operating subsidiary, Shoe Zone Retail Limited. Smith started at Shoe Zone in 1993, joining the board in 1996 as retail director before...

Business

Shoe Zone reports strong revenue and profit growth

For the year to September 30, Shoe Zone revenue of 165.7 million pounds, increased by 6.1 percent. Shoe Zone said pre-tax profit increased by 19.1 percent to 16.2 million pounds for the period and adjusted pre-tax profit increased by 47.3 percent to 16.5 million pounds, with an earnings per share rising to 27.79p. The company’s store revenue...

BusinessFeatured

Shoe Zone posts sales and profit growth

Shoe Zone has reported a 6.1 percent increase in full-year revenue to 165.7 million pounds, driven by strong second-half trading particularly in the peak summer and key back-to-school periods. The company expects to report adjusted profit before tax to be not less than 16 million pounds for the year under review, it announced Tuesday. Commenting...

BusinessFeatured

Shoe Zone ups full-year profit outlook again following strong August trading

British footwear retailer Shoe Zone has upped its profit guidance for the second time in just over a month as it continues to experience better than expected sales. In a brief statement on Wednesday, the company said its trading has “continued to exceed expectations” thanks to “strong demand” for summer and back to school products throughout...

Business

Shoe Zone ups FY profit outlook

UK footwear retailer Shoe Zone has upped its full-year profit guidance following stronger-than-expected trading in recent weeks. It now expects FY22 adjusted profit before tax to be at least 9.5 million pounds, compared to a previous estimate of 8.5 million pounds. In a brief statement Tuesday, the company said: “Shoe Zone is pleased to announce...

BusinessFeatured

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...