Footwear retailer Show Zone has posted sales of £75.4 million for the six months to April 1st which is 8 per cent up on the same period last year. Online sales accounted for close to 20 per cent of revenue for the business which from operating 52 fewer outlets than last year. However, its pre-tax profits were down to £1.5m from £3.1m which it attributed to higher container shipping costs as well as a weaker exchange rate with the US dollar.
CEO Anthony Smith said: “We have accelerated our refit and relocation programme along with further investment in our digital and head office infrastructure. All of these are key to our strategy, and we expect to spend approximately 3-4 per cent of revenue annually on capital projects.”
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