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Shoe Zone revenues inch upwards

Footwear retailer Shoe Zone expects to report revenues of £161m for the year to 29 September 2018, a 1.8% increase compared to last year.

Strong performance of both the business’s ‘Big Box’ store concept and traditional stores, as well as digital growth were highlighted as reasons for growth.

Profit before tax is anticipated to be above forecast, at £11m, thanks to stronger margins and development of the business’ currency hedging strategy.

Shoe Zone has 492 stores, opening 16 stores in total, including 10 new Big Box stores during the year.

Nick Davis, chief executive of Shoe Zone, commented: “The Group has performed well through the year with a particularly strong performance in the second half. Our strategy of growth through Big Box expansion and online channels allied with excellence in the operations of the core Shoe Zone estate, provides us with a clear path for the future.”

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