Shoe Zone managed to restore profitability to the Shoefayre and Stead & Simpson chains, acquired in September 2007 and January 2008, respectively, raising the number of its stores to about 800. Before their takeover, the two chains were together making joint losses of about £10 million (€11.0m-$16.5m) annually. According to the latest public financial records available from the British retail company, filed for the financial year ended last Jan. 3, Shoe Zone reported an operating profit of £751,000 (€826,500-$1.2m) on sales of £63 million (€69.3m-$104.0m) for the two operations, which have been slimmed down considerably. The Shoefayre name has been dropped. Profit fell slightly to £6.9 million (€7.6m-$11.4m) for the Shoe Zone chain. Overall, the group posted a pre-tax profit of £8.1 million (€8.9m-$13.4m) for the year on total revenues of £237.6 million (€261.5m-$392.1m), with a 12 percent increase for continuing operations.