ShoeZone news and archive

Shoezone profits slide as value of its properties decline

UK footwear giant Shoezone reported a drop in profit after the retailer’s 17 stores and properties saw a decline of 2.9 million pounds. The company said its statutory profit before tax dropped from 9.6 million pounds to 6.7 million pounds after it reported a 2.9m pound writedown on the value of its freehold properties. Shoe Zone chief executive...

Business

Trembling floor for UK high street footwear retailers

The likes of ShoeZone and Clarks are not going through their best moment. British leading shoes retailers are going through troubled waters due to a year of heavy discounting and warmer-than-expected weather. Aim-listed Shoe Zone Wednesday posted a 26 percent dent in its half-year profits of 2 million pounds, compared to the 2.7 million pounds...