Sales are up at retailer Shoe Zone, despite the business having 52 fewer stores than a year ago.
The discount chain said sales were up almost 8 per cent at £75.4 million in the half year to April 1 – compared to same time a year before – with online sales now accounting for almost a fifth of all revenues.
However pre-tax profits were down from £3.1 million a year ago to £1.5 million for the latest 26 week period. It put the drop down to inflation – mainly the impact of the National Living Wage – and lower margins due to higher container prices and a weak sterling compared to the dollar.
