Schuh reports strong increases in turnover and profit
Having filed its accounts for the year to 3 February 2024, Schuh has reported strong increases in turnover and profit.
The Genesco owned footwear retailer saw its turnover rise by 7.4% to £380.8 million in the period as EBITDA climbed by 35.8% to £28 million.
Meanwhile, pre-tax profit surged by 56.8% to £21 million.
During the year, Schuh benefited from a 3.8% increase in footfall in its stores and ecommerce sales climbing by 10% like-for-like.
The retailer also saw growth in its average number of employees, which rose from just under 4,000 to 4,371.
Schuh said: “While the retail environment continues to pose difficult trading conditions we will continue to grow our store portfolio so to ensure we are best placed to adapt to this changing environment.
“We believe our continued investment in driving efficiency and operational improvements through technology will serve us well.”
