Shoe Zone profits drop, sales up 0.9 percent

In the 53 weeks to October 5, 2019, revenues at Shoe Zone plc increased by 0.9 percent to 162 million pounds (213 million dollars). The company said in its preliminary results statement that underlying profit before tax was 9.6 million pounds (12.6 million dollars) compared to 11.3 million pounds in 2018 due to increases in store operating costs primarily as a result of the phasing of store openings and increases in staff costs. Shoe Zone ended the year with 500 stores, a net increase of eight stores on 2018.