Leicester footwear retailer giant, Shoe Zone, seem resilient in the face of a mixed year with a revenue leap of 31.2% despite the closure of 63 stores.
The listed firm has reported group revenue increases, from £119.1m in 2021 to £156.2m translating into pre-tax profits of some £11m.
Chief Executive Update, Anthony Smith says: “I am pleased to announce that Shoe Zone had a positive year that included a full 52 weeks trade post pandemic. We continue our strategy to expand our Hybrid and Big Box formats via refits and relocations. Shoe Zone continues to show how resilient it is, with a proven track record of delivering robust results during times of economic uncertainty.
We look forward to updating shareholders in more detail at the time of our final results on 10 January 2023.
I would like to thank all of our teams for their continued commitment and hard work that have produced these great results.”
