Shoe Zone suffers profit fall after tough year

Shoe Zone has reported a fall in profits

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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

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:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.