Shoe Zone cuts full-year profit outlook, shares slide
(Sharecast News) - Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Read moreThu, 16th Jan 2020 12:48
(Sharecast News) - Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Read more(Alliance News) - Shoe Zone PLC shares dropped on Tuesday, after it lowered its full-year outlook amid rising costs.
Read more(Alliance News) - Stock prices in London opened in the red on Tuesday, with some US interest rate cut optimism cooling after hawkish words from Federal Reserve central bankers.
Read moreShoe Zone PLC - Leicester, England-based footwear seller - Chief Executive Officer Anthony Smith steps down from the board "to increase his focus on the day to day running of the business". Company says he has the directors' "full support" in this decision. Smith will remain as a director of operating subsidiary Shoe Zone Retail Ltd. Smith has worked at Shoe Zone since 1993. He joined the board as retail director in 1996 before his promotion to CEO in 1997. He temporarily switched to serve as chair from 2016 to 2019, before resuming the CEO role. His brother Charles Smith remains as chair.
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(Sharecast News) - Shoe Zone tumbled on Tuesday after it said trading was "marginally" below expectations, pinning part of the blame on a rise in the national living wage and higher costs due to Red Sea disruption.
Read more(Alliance News) - Shoe Zone PLC shares fell on Tuesday, after it said trade is "marginally" below expectations.
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(Sharecast News) - Management consultants can talk the talk, but can they walk the walk?
Read more(Alliance News) - Shoe Zone PLC on Tuesday declared a higher dividend as the retailer reported a higher annual profit buoyed by a "strong peak summer."
Read more(Sharecast News) - Shoe Zone reported a jump in full-year profits on Monday, boosted by strong summer and back to school trading.
Read more(Alliance News) - Shoe Zone PLC on Tuesday said it expects to report an annual earnings rise, with investments in its digital platform paying off and trading in the "key back to school period" positive.
Read more(Sharecast News) - Footwear retailer Shoe Zone revealed on Tuesday that both revenue and pre-tax profits had grown in the twelve months ended 30 September.
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Shoe Zone PLC - Leicester, England-based footwear retailer - Says trading since June has "significantly exceeded" management's expectations, with volumes seeing a double-digit rise on the previous year. Margins also have improved thanks to lower container rates and favourable foreign exchange rates, which management expects to continue.
Read more