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Image: https://www.shoezone.com/Investors/Images/

Shoezone profit before tax jumps to £16.2m

On this episode of Talking Shop, we are joined by Sammy Allanson, Client Partner Lead for the North of England at business change and transformation specialist Sullivan & Stanley. We break down why the North is one of the UK’s most critical retail growth engines - and why conquering it requires deep local credibility rather than superficial corporate visibility exercises.

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Shoezone has revealed that its profit before tax has risen to £16.2m, up from £13.6m last year, for the year ended 30 September 2023.

Alongside this, the company posted revenues of £165.7m, up from £156.2m for the same period last year.

Shoezone saw store revenues of £134.8m, up from £129.8m last year, and digital revenues of £30.9m, up from £26.4m.

In the period the company opened 35 stores and closed 72 leaving it with 323 stores, down from 360.

These stores are made up of 42 bog box stores, 93 hybrid stores and 188 original stores.

As a result of these closures the company made £0.7m in annualised lease renewal savings, an average reduction of 31%.

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