Shoe Zone ended the period trading out of 410 stores. Credit: Shoezoneandrew/commons.wikipedia.org.

Footwear retailer Shoe Zone has registered revenue of $161.9m (£119.1m) in fiscal year 2021 compared to $166.7m (£122.6m) in 2020.

The retailer, which traded just 36 of the total 52 weeks due to Covid-19, posted $120.5m (£88.6m) in store revenue, while digital revenue is $41.8m (£30.5m).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

During the year, the company posted a pre-tax profit of $12.9m (£9.5m) compared to a loss of $19.8m (£14.6m) in 2020.

In 2021, Shoe Zone reported earnings per share (EPS) of 14.0p against a loss per share of 23.8p the prior year.

Shoe Zone chief executive Anthony Smith said: “Shoe Zone had a very successful year due to the incredible hard work of our teams, by reducing costs, reducing non-essential capital expenditure, continuing to accelerate investment in our digital business alongside improving and streamlining operations.

See Also:

“The company ended the period with a cash and equivalent balance of £19.0m (2020: £13.3m) and a net cash balance of £14.6m (2020 £6.3m).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The increase in cash has been achieved through the measures taken by the business over the last 12 months, which restricted capital expenditure and significantly reduced all areas of cost. As at the Period end we were up to date on all creditor and rental payments.”

The retailer shuttered 50 underperforming stores and converted another 10 existing stores into its new formats.

It ended the year with 410 stores including 343 Original stores, 51 Big Box stores and 16 Hybrid stores.

In May last year, Shoe Zone permanently closed all its stores and website in Ireland as it continues a review of its store portfolio.