
Shoe Zone’s “incredibly challenging year” continues, as it delivered a tough set of results for the 52-weeks to October 5 on Wednesday with the prospect of further store closures next year and beyond.
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Shoe Zone’s “incredibly challenging year” continues, as it delivered a tough set of results for the 52-weeks to October 5 on Wednesday with the prospect of further store closures next year and beyond.
The CEO and Chairman of budget footwear and accessories retailer Anthony and Charles Smith have increased their stakes in the listed company via an asset swap following the exit of non-executive director Jeremy Sharman.
Budget footwear retailer Shoe Zone’s six-month results on Tuesday contained some good news, although the headline story was about overall sales declines, even though the period only included a few weeks of lockdown.
Budget footwear retailer Shoe Zone saw its shares fall as much as 53% on Friday morning after announcing plans to cancel dividend payments.
Shoe Zone's shares slumped 27% on Tuesday after the footwear retailer deferred its full-year dividend payment to conserve cash flow, as footfall across its stores fell in recent days due to the coronavirus outbreak.
Budget footwear retailer Shoe Zone said on Tuesday that it's deferring its dividend payment to keep as much cash in the business as it can.
Few days seem to go by at present without another retailer warning on the viability of some of its stores and the latest to do so is budget footwear retailer Shoe Zone.
Value footwear retailer Shoe Zone has confirmed Charles Smith as its permanent Chairman. Smith is already a board member and major shareholder of the retail giant with a 22.2% stake in the business.
Budget footwear retailer Shoe Zone's preliminary results have painted a weak picture for the year to October 5, but there were signs of hope for the future as store upgrades continued and seemed to be paying off.
Shoe Zone is continuing to battle against tough trading conditions in the UK, but the ongoing rollout of its big-box format and its digital expansion seem to be helping it, even though the market is challenging.