Shoe Zone PLC Trading Update (5472Q)
29 Junio 2022 - 1:00AM
UK Regulatory
TIDMSHOE
RNS Number : 5472Q
Shoe Zone PLC
29 June 2022
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. It forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
Shoe Zone plc
("Shoe Zone" or the "Company")
Trading Update
Shoe Zone is pleased to announce that since the publication of
its interim results in May, the business has been trading well and
has also seen strong margin improvements and cost savings, in
particular as a result of rent reductions and good supply chain
management, which are expected to continue into Q4 of the Company's
financial year for the 52 weeks to 2 October 2022 ("FY 2022").
As a result, the Company now expects adjusted 1 profit before
tax for FY 2022, to be not less than GBP8.5m.
1 Adjusted to exclude the profit on the sale of freehold
property
For further information please call:
Shoe Zone PLC Tel: +44 (0) 116 222 3000
Anthony Smith (Chief Executive)
Terry Boot (Finance Director)
Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203 829
5000
Daniel Harris, James Hornigold (Investment Banking)
Dominic King (Corporate Broking)
About Shoe Zone
Shoe Zone is a Town Centre, Retail Park and Digital footwear
retailer, offering low price and high quality footwear for the
whole family.
Shoe Zone operates from a portfolio of 388 stores and has
approximately 2,850 employees across the UK.
The store portfolio consists of 308 original high street stores
containing the core Shoe Zone product range and 35 hybrid high
street stores and 45, Big Box, larger retail park stores which also
have additional brands such as Skechers, Hush Puppies and
Kickers.
Shoezone.com, combined with the store network, ensures a full
multi-channel offering for great customer service.
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END
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