• Text size      
  • Send this article to a friend
  • Print this article

Shoe Zone profits leap

Shoe Zone posted a leap in profits today as the retail chain - whose products sell for under £10 on average - continues to enjoy a decent start to life as a stock market company.

The Leicester-based firm, which has 554 stores in the UK and Ireland and employs 4,100 staff, saw pre-tax profits hit £2.7 million in the six months to April 4, up from £200,000 a year earlier.

It continues to grow after it added three new stores since October, refitted a further 19 shops and launched on Amazon.

The company, which was founded by brothers Michael and Christopher Smith in 1980, joined the stock market in May at 160p a share and now stands at 176.5p, giving it a valuation of £88.4 million.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

242813