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Store closures to hit Shoe Zone revenue

Value footwear retailer Shoe Zone expects to announce a drop in full year performance as it continues to close loss making stores.

Shoe Zone Meadowhall store

Shoe Zone Meadowhall store

Shoe Zone Meadowhall store

In a pre-close update the business said revenues are likely to have dropped to £166.8m during the 52 weeks to October 3, down from £172.9m last year. 

However, the board expects pre-tax profit for the period to be in line with expectations.

Shoe Zone ended the year with 535 stores, having opened 18 and closed 28 over the 12 months.

The value footwear retailer issued a profit warning in April, blaming the mild autumn 2014 weather.

Shoe Zone will announce its final results for the period on January 13, 2016.

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