World Footwear

Companies

Shoe Zone expects 24.3% decline in revenue

Feb 18, 2021 United Kingdom
Shoe Zone expects 24.3% decline in revenue
Ahead of releasing its final results for the 52-week period ended on the 3rd of October 2020, Shoe Zone announces that it expects to report revenue for the period of approximately 122.6 million British pounds, a 24.3% decline from the previous year

That compares to 162 million British pounds in financial year 2019 and in line with previous guidance. Shoe Zone expects to report a statutory loss before tax for financial year 2020 of approximately 14.6 million British pounds (compares to 11.3 million British pounds).

About Shoe Zone

Shoe Zone is a UK-based footwear retailer, offering low price footwear for the whole family. Shoe Zone operates from a portfolio of around 460 stores (410 high street stores and 50 larger Retail Park units) and has approximately 3 000 employees across the UK. Shoe Zone sells 16 million pairs of shoes per annum at an average retail price of 11 British pounds.

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