Shoe Zone’s Chief Executive has hailed “a very positive year,” with Anthony Smith highlighting “strong and consistent results throughout the key trading periods, particularly in the second half, with strong peak summer and Back to School trading.”
According to audited results for the 52 weeks to 30 September 2023, the Leicester-based retailer saw revenue of £165.7m, growing from £156.2m in the year prior. This included store revenue of £134.8m (up from £129.8m), and digital revenue of £30.9m (up from £26.4m).
Pre-tax profits meanwhile reached £16.2m, increasing from £13.6m, primarily due to strong second half trading, including Shoe Zone’s key back to school period, strong peak summer sales and the benefit of lower container prices that started to be realised mid-year.
The year also saw 72 closures and 35 openings, leading to 37 fewer stores.
