UK's Shoe Zone FY revenue falls on store closures
UK's Shoe Zone FY revenue falls on store closures
Overview
UK footwear retailer's FY 2026 revenue fell 4.5% amid store closures, weak consumer confidence
Company reported adjusted pretax loss of about £1.0 mln versus profit last year
Net cash rose to £15.1 mln, supported by lower capital and product costs
Outlook
Shoe Zone expects trading conditions to remain subdued in the near term
Company says start to Autumn/Winter season has been slower than expected, continuing into FY 2027
Company notes rising container and fuel prices, and weaker Sterling, could negatively impact trading
Result Drivers
STORE CLOSURES - Co said revenue decline was mainly due to trading out of 18 fewer stores
WEAK CONSUMER CONFIDENCE - Co attributed lower sales to continued decline in consumer confidence and negative UK economic sentiment
IMPROVED PRODUCT MARGIN - Co said product margin increased due to lower, less volatile container prices and a better Sterling to Dollar exchange rate
Company press release: ID:nRSa5065Aa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 142.40 mln |
|
FY Adjusted Pretax Loss |
| GBP 1 mln |
|
FY Pretax Loss |
| GBP 600,000 |
|
Reuters Recommended Reads
Oct 27 - UK retail body warns 'dam is starting to break' on price rises
Oct 26 - Strong CBI retail sales buck downbeat UK consumer trend
Oct 26 - Buses out, shoppers in: London's Oxford Street goes traffic-free
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)