Some hefty cost-cutting and accelerated investment in digital ensured Shoe Zone’s tough financial year to 2 October was far from a disaster. With stores open just 36 weeks of the year, online came to the rescue.
Just how confident directors are can be judged by how many shares they’re buying in their own businesses. And the chief executive and chairman of Shoe Zone have just bought £1.3 million worth of shares in the retailer.
Budget shoe retailer Shoe Zone on Tuesday reported a loss for the six months to April 3 on the back of lower sales, although this was hardly a surprise given how weak the footwear category has been during lockdowns.
The UK government at the weekend announced a new four-week lockdown for England with non-essential stores to close. But the BRC and NWEC's heads hit back saying scientific advice says shopping isn't spreading the virus.