All Shoe Zone articles
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News briefs
Shoe Zone’s Antony Smith leaves the board
Shoe Zone said that from April 16, Anthony Smith is stepping down from the board of the parent company to increase his focus on the day-to-day running of the business. He will however remain as a director of Shoe Zone’s operating subsidiary, Shoe Zone Retail Limited.
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News briefs
Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks
Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains. The chief executive, Anthony Smith, said there had also been “higher ...
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ArticleShoe Zone to phase out Original format stores by end 2026
Shoe Zone plans to spend a minimum of 3-4 percent of sales annually to cover 50 store projects, head office infrastructure and IT changes after growing revenues in fiscal 2023, despite trading from fewer locations. As part of a reorganization of its estate, the British budget footwear company expects to ...
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ArticleShoe Zone's FY revenues rise 6.1%
Shoe Zone said that in the full year ended Sept. 30 revenues increased by 6.1 percent year-on-year to £165.7 million (€190.9 million), with store revenues growing to £134.8 million (€149.6m) from £129.8 million and digital revenues increasing to £30.9 million (€35.6m) from £26.4 million. Digital revenues now represent 18.7 percent ...
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News briefs
Shoe Zone lifts guidance again after ‘exceptional’ trading month
Shoe Zone has lifted its full-year profit forecast for the second time in five weeks after an “exceptional” month of sales since its last update on June 9 as consumers seek value amid the U.K.’s cost-of-living crisis. “Trading has significantly exceeded management expectations due to continued strong demand with volumes ...
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News briefs
Shoe Zone sees FY adj pretax profit of at least £10.5m
Shoe Zone expects adjusted profit before tax for the financial year ending Oct. 2 to be not less than £10.5 million (€12.2 m). In the fiscal year that ended Oct. 1, 2022, reported pre-tax profits rose to £13.6 million from £9.5 million a year earlier, while adjusted pretax profit stood ...
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ArticleShoe Zone's half-year sales surge, but profit halved
Shoe Zone reported a strong rise in half-year sales as consumers sought value for money during the cost-of-living crisis hitting the U.K., but inflation and labor costs meant profits for the period were halved. Sales for the 26 weeks to April 1 grew by 8 percent to £75.4 million (€86.6m) ...
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News briefs
Shoe Zone cancels 500,000 shares
Shoe Zone announced the cancellation of 500,000 ordinary shares currently held in treasury. Following the cancellation, the issued share capital of the British footwear retailer now stands at 48,500,000 and Shoe Zone now holds 25,283 shares in treasury. The total voting rights remain unchanged at 48,474,717.
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ArticleShoe Zone lifts earnings guidance as revenues surge
Shoe Zone lifted its earnings guidance after full-year revenues surged by a third as stores were fully open during the business year after the easing of Covid-19 related lockdowns. The British footwear retailer now expects adjusted pre-tax profits for the year ended on Oct. 1 to be at least £11 ...
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News briefsShoe Zone hikes its full-year guidance again
Shoe Zone improved its full-year guidance again and now expects adjusted profit before tax for the financial year ending Oct. 2 to be ”not less” than £10.5 million (€12.2m).The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The British footwear retailer previously forecast adjusted ...
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News briefs
Shoe Zone improves its FY guidance
Shoe Zone has increased its full-year guidance and now expects adjusted profit before tax to be not less than £9.5 million (€11.5m). The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The previous guidance for the full year ending on Oct. 2 was for ...
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ArticleFootwear stocks track global markets lower in Q2
In the second quarter of 2022, footwear stocks declined significantly in line with global markets, which suffered their strongest pullback in decades. In the U.S., the S&P 500 index posted its worst performance in the first half of the year since 1970. Global markets were hit by raising inflation, a ...
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News briefs
Shoe Zone sees FY adjusted pretax profit of at least £8.5m
Shoe Zone expects adjusted profit before tax for the full year ending on Oct. 2, to be “not less” than £8.5 million (€9.8m). The British footwear retailer said that since the publication of its interim results in May its business has been trading well and has also seen strong margin ...
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ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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News briefs
Shoe Zone distributes treasury shares to managers
Shoe Zone distributed 12,878 ordinary shares out of treasury to its finance director, Terry Boot, the general counsel, Catherine Bowen, and the operations director, Steve Orr, in connection with their remuneration packages. Boot, who is also a director of the British footwear retailer, received 7,626 shares. As a result of ...
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ArticleShoe Zone returns to an annual profit
Shoe Zone swung to an annual profit, driven by lower costs and online sales as it aimed to push forward with its “Big Box” and hybrid store expansion strategy. Annual pre-tax profit for the year to Oct. 2 was £9.5 million (€11.4m-$13.0m) compared with a loss of £14.6 million in ...
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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ArticleShoe Zone lifts profit forecasts again
The British retailer Shoe Zone has lifted its profit guidance after recent sales were better than expected. The company now anticipates annual profits to surpass pre-pandemic levels, less than two weeks after providing a trading update in which it warned that supply-chain constraints and inflation still presented challenges in the ...
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ArticleShoe Zone expects to be profitable but warns on costs, supplies
The U.K. footwear retailer Shoe Zone expects to swing to an annual profit, but warned that Covid-19, supply-chain and inflationary issues still present challenges over the next 12 months. The company said pre-tax profit for the year ended Oct. 2 would be at least £6.5million (€7.6m-$8.8m) compared to the £14.6 ...
