Shoe Zone Reports Revenue Decline but Margin Growth

Shoe Zone (GB:SHOE) has released an update.

Shoe Zone has reported a 2.7% decline in revenue to £161.3 million for the fiscal year 2024, mainly attributed to unseasonal weather and a reduction in store numbers. Despite this, the company saw an increase in product margins and a strong Back to School trading period. The company plans to continue its strategy of upgrading and expanding its store formats to drive future growth.

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