Shoe Zone news and archive

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...

Business

Shoe Zone CEO and chairman increase stakes as non-exec director steps down

British footwear retailer Shoe Zone has announced that its CEO Anthony Smith and chairman Charles Smith have both increased their stakes in the company following the resignation of non-executive director Jeremy Sharman. The Sharman Family Pension fund, of which Sharman is a beneficiary, has sold its entire holding of 234,375 ordinary shares of...

Business

Shoe Zone cancels dividend, receives approval for 15 million pounds loan

For the six months to March 31, 2020, Shoe Zone delivered turnover of 69.9 million pounds compared to 73 million pounds in the same period last year and ended the period with a net cash balance of 3.6 million pounds. The company expects the Covid-19 pandemic will have a material impact on its performance for the current financial year. The...

People

Shoe Zone non-executive director Charlie Caminada steps down

Shoe Zone PLC, has announced the departure of non-executive director Charlie Caminada with immediate effect. The company said in a statement that Caminada is stepping down to pursue his other business interests. Commenting on the development, Charles Smith, Chairman of Shoe Zone PLC, said: “Anthony and I would like to take this opportunity to...

Business

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...

Business

Shoe Zone CEO resigns as the company issues profit warning

Shoe Zone PLC has announced that Nick Davis, the group’s Chief Executive, has decided to resign from his position to pursue other business interests, with immediate effect. The company said, Anthony Smith, Executive Chairman, will resume his role as Chief Executive on a permanent basis. Commenting on the trading since the group’s interim results...

BusinessFeatured

Karen Millen, Shoe Zone named for failure to pay minimum wage

Karen Millen and Shoe Zone feature among the list of around 180 employers named and shamed by the department for Business, Energy and Industrial Strategy (BEIS) for underpaying more than 9,000 minimum wage workers by 1.1 million pounds (1.5 million dollars). Along with recovering backpay for 9,200 workers, the government also fined the employers...

Business

Shoe Zone expects to meet full year profit guidance

Shoe Zone said in its trading update for the 52 week period to September 30, 2017, that the group has traded well in the second half of the year and expects to report revenues of approximately 158 million pounds (208 million dollars), reflecting the continued planned closure of loss making stores. The company added that despite the impact of the...