By George MacDonald2020-01-08T07:25:00
Shoe Zone has posted a fall in annual profits and hit out at the burden of business rates.
Shoe Zone’s underlying pre-tax earnings slid to £9.6m in the year to October 5 2019, versus £11.3m the previous year. Sales inched up 0.9% to £162m.
Shoe Zone chief executive Anthony Smith, who returned to running the business last year, said he was confident in the retailer’s potential but called for government action to address the burden of business rates, which have soared over the last decade.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.