UK retailer Shoe Zone's profit before tax climbs 19.1% in FY23

Shoe Zone's total revenue for the period was reported at £165.7 million, marking an increase from £156.2 million in FY22. This growth was driven by both store and digital revenues. Store revenue climbed to £134.8 million from £129.8 million, while digital revenue rose to £30.9 million from £26.4 million, indicating a strong performance across both channels.

Operationally, the company ended the period with 323 stores, down from 360 in 2022. This change in store count included a mix of 42 Big Box stores (down from 45), 93 hybrid stores (up significantly from 44), and 188 original format stores (down from 271). The year saw the closure of 72 stores, the opening of 35 new stores, resulting in a net decrease of 37 stores, the company said in a press release.

ALCHEMPro News Desk (DP)