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Shoe Zone news and archive

Report

Shoe Zone FY18 revenues rise 1.8 percent

British family footwear retailer Shoe Zone said on Wednesday its revenue for 2018 increased by 1.8 percent. In a preliminary results announcement, the company added that profit before tax increased by 18.4 percent from the same period last year. The company’s sales in 2018 were 160.6 million pounds, up from 157.8 million pounds a year earlier,...

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Report

Shoe Zone expects to report rise in full year revenue and profit

Shoe Zone PLC in its trading update for the 52 week period to September 29, 2018, said that expects to report revenues of approximately 161 million pounds (211 million dollars), growth of 1.8 percent over the last year. The Shoe Zone board now expects to report a full year profit before tax for the year, ahead of market expectations and in...

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Management

Shoe Zone sees revenue grow 1.1 percent during H1 2018

London - Value footwear retailer Shoe Zone plc saw its revenue grow 1.1 percent to 73.7 million pounds for the six months to March 31, 2018, up from 72.9 million pounds during the same period one year ago. Shoe Zone reported statutory profit before tax of 1 million pounds and a cash increase to 5.9 million pounds, up from 4.6 million pounds in...

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Management

Karen Millen, Shoe Zone named for failure to pay minimum wage

Karen Millen and Shoe Zone feature among the list of around 180 employers named and shamed by the department for Business, Energy and Industrial Strategy (BEIS) for underpaying more than 9,000 minimum wage workers by 1.1 million pounds (1.5 million dollars). Along with recovering backpay for 9,200 workers, the government also fined the employers...

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Report

Shoe Zone expects to meet full year profit guidance

Shoe Zone said in its trading update for the 52 week period to September 30, 2017, that the group has traded well in the second half of the year and expects to report revenues of approximately 158 million pounds (208 million dollars), reflecting the continued planned closure of loss making stores. The company added that despite the impact of the...

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Report

Currency headwinds hit Shoe Zone's H1 profits

In the six months to April 1, 2017, the Shoe Zone said that the company generated revenues of 72.9 million pounds (94 million dollars) compared to 74.6 million pounds (96 million dollars) in the first half of 2016. The company posted underlying profit before tax of 1.3 million pounds (1.6 million dollars) compared to 1.7 million pounds (2.1...

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Report

​Jones Bootmaker poised for administration

London - Now that Brantano has been placed into administration, sister footwear chain Jones Bootmaker is expected to enter administration on Friday as owner Alteri has failed to find a suitable buyer for the footwear retailer. The move would see over 1,100 jobs at risk as the footwear retailer currently employs 1,145 people in close to 100...

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Report

Shoe Zone sets its sights on Brantano

London -Shoe Zone is said to have placed a bid for rival ailing footwear chain Brantano, a week after the retailer's owners, Alteri Investors, filed a notice of intention to appoint administrators. Shoe Zone is one of the final bidders for Brantano and is reportedly up against Edinburgh Woollen Mill in its battle to acquire the ailing footwear...

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Report

Shoe Zone Finance Director join the company's board

Shoe Zone has announced the appointment of Jonathan Fearn to the Board as Chief Financial Officer with immediate effect. Fearn had joined Shoe Zone as finance director on July 25, 2016. Commenting on Fearn’s appointment, Anthony Smith, Executive Chairman of Shoe Zone, said in a media statement, "Jonathan has settled into the role very well and...

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Management

Shoe Zone reports rise in PBT, revenues fall 4.2 percent

In the 52 weeks to October 1, 2016, Shoe Zones profit before tax (PBT) increased to 10.3 million pounds (12.5 million dollars), an increase of 1.1 percent on last year. PBT margin also increased to 6.4 percent from 6.1 percent in 2015. Revenues of 159.8 million pounds (194 million dollars) against 166.8 million pounds (202 million dollars)...

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Report

Shoe Zone's store closure plan to hit revenues

Shoe Zone expects to report revenues of approximately 160 million pounds (195 million dollars) against 166.8 million pounds last year (203 million dollars) in 2016, reflecting the continued planned closure of loss making stores. The Group ended the year with 510 stores, having opened 17 and closed 42 during the period. "I am pleased with the...

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People

Shoe Zone appoints new finance director

Value footwear retailer Shoe Zone has confirmed the appointment of Jonathan Fearn as finance director, he started with the company at the end of July. Fearn has extensive experience in strategic and commercial finance having worked for Celesio Group since 2002, where he was responsible for the integration of two UK based businesses acquired from...

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