Shoe Zone has experienced “a very positive year” with revenue and profits rising.
In audited results for the 52 weeks to 1 October 2022, the Leicester retailer posted revenue of £156.2m, up from £119.1m in the prior year. This saw store revenue grow to £129.8m from £88.6m, while digital revenue dipped to £26.4m from £30.5m.
Profit before tax sat at £13.6m, up from £9.5m.
Shoe Zone ended the period trading out of 360 stores, having closed 63 stores, opened 13 new stores and converted a further 11 existing stores to new formats.
Anthony Smith, Chief Executive, said in a statement: “Shoe Zone had a very positive year due to trading for the full 52 weeks, strong trading over our key back to school period and due to the incredible hard work from our teams. These increases are primarily due to the increased revenue and resultant gross profit generated in a normalised trading period post pandemic.”
