Shoe Zone, the Leicester-based retailer, has returned to profit following a “very successful year.”
According to final results for the 52 week period to 2 October 2021, the company posted a pre-tax profit of £9.5m, leaping from a loss before tax of £14.6m in the year prior.
Revenue meanwhile dipped to £119.1m from £122.6m, with store revenue down to £88.6m (2020: £103.3m), where digital revenue grew to £30.5m (2020: £19.3m).
A statement from the Chief Executive said: “Shoe Zone had a very successful year due to the incredible hard work of our teams, by reducing costs, reducing non-essential capital expenditure, continuing to accelerate investment in our digital business alongside improving and streamlining operations.”
