×
538
Fashion Jobs
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
Advertisements

Promotional environment puts dent in profits at Schuh

Published
today Oct 25, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Footwear retailer Schuh, which sells big name brands such as Adidas, Puma, Nike and Timberland in over 100 stores in the UK and Ireland, has revealed that last year’s “overtly promotional” environment from Black Friday through Christmas took a toll on its profits.


The retailer sells footwear from brands including Nike and Timberland - Schuh


The Livingston-headquartered company complained of a “lacklustre” festive sales period, blaming it for a 10% decline in pre-tax profits for the year to 3 February 2018 to £16.6m.

Profits fell despite turnover increasing from £280.9m to £308.5m during the same period, the company said.

Owned by US business Genesco since 2011, Schuh has struggled to grow profits of late, reporting net income of around £12m to £16m for the past several years.

Commenting on the latest performance, finance director David Gillan Reid said: “We had a strong start to the year, however, from Black Friday onwards, in line with retail generally, we found the market much tougher. The promotional environment on the high street continued right through until Christmas, culminating in a lacklustre festive sales period.”

Despite this, the company has continued to invest in its high street presence, opening an adult and a children’s store at Fort Kinnaird shopping centre in Edinburgh. It is also due to open a store in Eastbourne and a children’s store at the Mall Cribbs Causeway in Bristol before the end of the year.

Copyright © 2020 FashionNetwork.com All rights reserved.