Store closures hit UK’s Shoe Zone’s H1 results, digital sales up 6.4%
Shoe Zone plc has reported H1 FY25 revenue of £71.5 million (~$96.53 million), down 6.5 per cent YoY, with a £2.3 million pre-tax loss due to store closures, lower margins, and rising costs. Digital sales rose 6.4 per cent. The retailer ended the period with 278 stores and £1.7 million net cash. FY25 profit forecast was halved to £5 million amid tough trading, though improvements are expected in H2.
Shoe Zone plc has reported H1 FY25 revenue of £71.5 million (~$96.53 million), down 6.5 per cent YoY, with a £2.3 million pre-tax loss due to store closures, lower margins, and rising costs.
Digital sales rose 6.4 per cent.
The retailer ended the period with 278 stores and £1.7 million net cash.
FY25 profit forecast was halved to £5 million amid tough trading, though improvements are expected in H2.
