All Shoe Zone articles – Page 2
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ArticleShoe Zone trims its store network as losses widen in H1
The British footwear retailer Shoe Zone reported wider first-half losses as Covid-19-related closures led to a sharp fall in revenues. The company reported pre-tax losses of £2.6 million (€3.0m-$3.7m) for the six months to April 3, up from a £2.5 million loss a year ago. Revenues fell by ...
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ArticleShoe Zone warns on profits
Shoe Zone has warned that profits are unlikely to return to pre-Covid pandemic levels for the “foreseeable future,” after it swung to a full-year loss, citing the impact of store closures during lockdowns. The company said revenues for the year to Oct. 3, 2020 slumped by 24 percent ...
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ArticleShoe Zone’s finance director quits unexpectedly
Shoe Zone’s finance director, Peter Foot , has left the business with immediate effect after only seven months in the job and two weeks before the publication of the company’s annual results. He had joined the company on July 6, 2020. The board has started the search for ...
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News briefs
Shoe Zone sales take £12 million hit with 2nd lockdown in England
Shoe Zone warned that the second Covid-19 related lockdown in England has trimmed its revenues by at least £12 million (€13.4m-$16.0m) compared with the previous year despite “good gains” in digital sales. More recent lockdowns in certain areas of Scotland and all of Northern Ireland have further exacerbated ...
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ArticleShoe Zone threatens to close 90 stores due to U.K. tax
Shoe Zone could close up to 90 stores over the next couple of years if the British government goes ahead with plans to reintroduce the “antiquated business rates system” in April 2021. The British shoe retailer said that the suspension of rates in April 2020 by the government ...
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News briefs
Shoe Zone CEO and chairman increase their stakes
Anthony Smith , the chief executive of Shoe Zone , and Charles Smith , the company’s chairman, have increased their stakes in the British footwear retailer by buying the shares owned by Jeremy Sharman, a non‐executive director of the company who has decided to leave the board after holding a ...
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News briefs
Shoe Zone appoints Peter Foot finance director
Shoe Zone has appointed Peter Foot as finance director, with effect from July 6. He will replace Jonathan Fearn , who held the job for over four years and whose resignation has been accepted with effect from July 31. Foot is due to become a board ...
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ArticleShoe Zone has reopened 416 stores out of 470
The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.
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