Demand for summer products gives footwear giant cause for optimism

Listed Leicester footwear retailer Shoe Zone has heralded a “stronger than expected” trading performance ahead of the publication of its annual results.

The firm says it now expects to post adjusted profits before tax of no less than £9.5m.

Demand for its summer products, particularly in the last two weeks, and margin improvements as a result of good supply chain and cost management have all played their part in the performance.

Earlier this year Shoe Zone reported encouraging results for the 26 weeks to April 2, with turnover climbing by 73% to almost £70m.