THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Shoe Zone swings to profit 2022

Footwear retailer Shoe Zone has swung to a profit in its first half after it benefited from strong in-store and online sales. In the six months… View Article

FASHION RETAIL NEWS UK

Shoe Zone swings to profit 2022

Footwear retailer Shoe Zone has swung to a profit in its first half after it benefited from strong in-store and online sales.

In the six months to 2 April, pre-tax profit came in at £3.1 million compared to a loss of £2.6 million a year earlier.

Revenue was also up, climbing by 73% to £69.9 million. This comprised £58.1 million in store revenue and £11.8 million in online sales. However, Shoe Zone said sales in the digital channel more than doubled on a two-year basis.

The retailer ended the period with 388 stores after closing 30 ‘original’ format stores in line with the strategy announced last October. It also opened eight stores in its new ‘hybrid’ format.

Shoe Zone said it is currently accelerating store relocations and refits, as well as infrastructure changes at its head office. It is also investing further in its online capabilities.

Anthony Smith, chief executive of Shoe Zone, said: “Trading in the period has continued to be positive as we build on the strategy announced in October last year  and we believe we are in a strong position. The rapid recovery of our business is due mainly to the continued support of our loyal and committed staff.”

Subscribe For Retail News