The retailer posted a 38% plunge in pre-tax profits to £16.2 million for the year to September 28.

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Shoe Zone shares hit as annual profits slump

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Evgeny Lebedev

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The Leicester based firm has previously blamed the Budget for its ongoing troubles

Leicester Mercury

Reach plc

Leicester

Shoe Zone annual profits slump as more stores shut

Shoe Zone has reported a decline in both revenues and profits for its latest financial year, following a second half impacted by the “weakening of consumer confidence and unseasonal weather conditions”. For the year to 28 September 2024, the footwear retailer posted revenues of £161.3m, down 2.6% from £165.6m the previous year. Pre-tax profits fell to £10.1m, down 37.8% from £16.2m the previous year. Store sales also dropped to £126.1m from £134…

Retail Gazette

Shoe Zone profits and revenues slide in ‘year of two halves’ - Retail Gazette

Shoe Zone has revealed that its profit before tax fell to £10.1m for the year ended 28 September 2024, down from £16.2m in the previous year. Alongside this, the company’s revenues fell to £161.3m, down from £165.7m in the same period last year. Shoe Zone stated that the decline was down to what it called a “year of two halves”. The first six months saw strong and consistent trading, followed by disappointing store sales, due to the weakening of…

Retail Sector

Shoe Zone profits fall in ‘year of two halves’

The Leicester-based chain, which employs about 2,250 staff across 297 stores in the UK, posted a 38% plunge in pre-tax profits to £16.2m Shares of the high street mainstay Shoe Zone took a nosedive after the retailer disclosed a steep drop in annual sales and profits. The Leicester-based chain, employing roughly 2,250 staff across 297 UK outlets, endured a 38% plunge in pre-tax profits to £16.2m for the year ending September 28, coinciding with …

The Business Times

Shoe Zone shares tumble after retailer reveals profits have slumped 38%

Drapers Shoe Zone profits and revenue fall
Profit before tax at value footwear retailer Shoe Zone fell to £10.1m from £16.2m for the 52 weeks to 28 September 2024 the business said today (21 January).The post Shoe Zone profits and revenue fall appeared first on Drapers.

Drapers

Shoe Zone profits and revenue fall

Shoe Zone has seen a fall in revenue and profit, as weakening consumer confidence and unseasonal weather conditions hit the Leicester business. According to audited results for the 52 weeks to 28 September 2024, revenue was £161.3m, down from £165.7m in the prior year. While store revenue reduced by 6.5% to £126.1m, trading out of […]

East Midlands Business Link

Weakening consumer confidence and unseasonal weather conditions hit revenue and profit at Shoe Zone - East Midlands Business Link

UK footwear retailer Shoe Zone has reported a revenue decrease of 2.7% to £161.32m ($197.51m) for the fiscal year 2024 (FY24).The post Shoe Zone reports 2.7% FY24 revenue drop amid market challenges  appeared first on Retail Insight Network.

Shoe Zone shares hit as annual profits slump

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