Retailer Shoe Zone achieved total sales of £119.1 million in the year to October 2nd, 2021 with a profit before tax of £9.5 million. This compares with a loss of £14.6 million for the previous year.
The business had permanently closed 50 of its less profitable stores reducing its chain to 410 outlets and had also negotiated improved terms with the landlords of many of the shops it has retained. Reductions in costs, along with an investment in its online operation saw the business grow its online sales from £19.3 million (YE 2019) to £30.5 million, which together helped to offset the impact of Covid-19 forced store closures.
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