Clothing & Shoes
Shoezone profit before tax jumps to £16.2m
In the period the company opened 35 stores and closed 72 leaving it with 323 stores, down from 360
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%.