27th Oct 2015 08:11
LONDON (Alliance News) - Shoe Zone PLC Tuesday said pretax profit in its full financial year will be in line with expectations following good trading in the second half, although revenue will fall on the prior year.
The value footwear retailer said it expects to report revenue of GBP166.8 million in the year ended October 3, down from GBP172.9 million the year before, which it said reflects continued planned closure of loss-making stores. Shoezone ended the year with 535 stores, having opened 18 and closed 28 during the period.
Pretax profit will be in line with expectations though, and the group traded well in the second half, it said.
The company will report its full-year results on January 13.
Shares in Shoe Zone were trading up 2.9% at 189.40 pence early Tuesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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