×
3 787
Fashion Jobs
SHISEIDO
Shiseido Account Manager - h Beauty Edinburgh (37.5 Hours)
Permanent · Edinburgh
SHISEIDO
Clé de Peau Beauté Account Manager - h Beauty Edinburgh (37.5)
Permanent · Edinburgh
TJX EUROPE
Merchandising & Buying Placement Programme (2023)
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor-tk Maxx Balham-Full Time
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Ilford
Permanent · Ilford
MULBERRY
Commercial Finance Manager – UK/ eu Trading & Global Revenue
Permanent ·
UNDER ARMOUR
Stock Teammate, pt (32 Hours)
Permanent · BICESTER
HUGO BOSS UK LTD.
Warehouse Operations Manager
Permanent ·
HUGO BOSS UK LTD.
Finance Analyst - Ecommerce
Permanent ·
HUGO BOSS UK LTD.
Project Coordinator
Permanent ·
NEWELL
Sales Manager (a&c) - Ecommerce
Permanent · LONDON
NEWELL
International Tax Manager Emea
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · HORSHAM
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
FRASERS GROUP
Warehouse Shift Manager - Day Shift
Permanent · SHEFFIELD
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · MACCLESFIELD
FRASERS GROUP
CRM Assistant
Permanent · SHIREBROOK
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · SOUTHPORT
BOOHOO GROUP
us Compliance Analyst
Permanent · MANCHESTER
HARRODS
Manager - Online Administration And Returns
Permanent · THATCHAM
FARFETCH
Senior Legal Counsel - Commercial
Permanent · LONDON
FRASERS GROUP
Delivery Manager
Permanent · BASINGSTOKE
Published
Oct 24, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shoe Zone finds it tough in full year but big-box and digital are strong

Published
Oct 24, 2019

It’s always interesting to hear how retailers at the value end of the market are doing at the moment, as we usually assume that cautious consumers would offer them a boost compared to their mid-market peers. But as we live in an era when all the old rules are being broken, such assumptions can be wrong.


Shoe Zone



Value chain Shoe Zone, which sells 18 million pairs of shoes annually with an average retail price of around £10 a pair, delivered a full-year trading update on Thursday and confessed that the last year (the 53 weeks up to October 5) had been “difficult”. Trading conditions were particularly “challenging” in the second half.

Clearly, many consumers aren’t only abstaining from buying higher-priced goods but low-priced shoes too. 

That said, the company’s big-box stores and digital ops “have continued to progress strongly”. That means it managed to turn in a revenue rise, with revenues up to £161.9 million in the period, from £160.6 million a year ago. Although given that the prior-year was a 52-week period and this time there was an extra week, the rise wasn’t perhaps so impressive. At least the company expects to report pre-exceptional pre-tax profit for the period in line with revised market expectations. 

The retailer ended the year with 500 stores, having opened 24 and closed 16 during the period, and within the 24 openings, 21 of them were part of the continued rollout of the big-box format. That means it now has 40 big-box locations with a target of 45 by the end of this year.

CEO Anthony Smith said the company “ended this difficult year in line with our revised expectations. It is early days in the new financial year but we have been encouraged by the performance so far. There are a further 20 big-box openings planned for the coming year which, alongside our strong digital momentum, will continue to drive growth in the future.”

Copyright © 2023 FashionNetwork.com All rights reserved.