Shoe Zone strides on with record profits

Shoe Zone, the Leicester footwear retailer, has posted record profits for the year to the end of September.

The company’s unaudited results show group revenue rose by 6.1% to £165.7m, while profits hit an all-time high of £16m – up from £11.2m in 2022.

Chief executive, Anthony Smith, said: “I am pleased to announce that Shoe Zone has had a strong year, continuing the momentum gained from the positive year we had in 2022. We continue our strategy to expand our hybrid and Big Box formats via refits (15) and relocations and new stores (35). Shoe Zone continues to show how resilient it is, with a proven track record of delivering robust results during times of economic uncertainty.

“We look forward to updating shareholders in more detail at the time of our final results in January 2024.

“I would like to thank all of our teams for their continued commitment and hard work that have produced these great results.”