Matt Goode / Kate Bannatyne (Corporate Finance) Tel: +44 (0) 20 7220 0500 Alice Lane (ECM) About Shoe Zone Shoe Zone is a Town Centre, Retail Park and Digital footwear retailer, offering low price and high quality footwear for the whole family. Shoe Zone operates from a portfolio of around 460 stores and has approximately 3,000 employees across the UK. The store portfolio consists of over 410 high street stores containing the core Shoe Zone product range and 50 larger Retail Park units which also feature brands such as Skechers, Hush Puppies and Kickers. The website shoezone.com, combined with the store network, ensures a full multi-channel offering for great customer service.
Date of Final Results Ahead of releasing its Final Results for the 52 week period ended 3 October 2020 ( FY 2020 ) on 8 March 2021, Shoe Zone announces that it expects to report revenues for the period of approximately £122.6 million (2019: £162.0m) in line with previous guidance, and now expects to report a statutory loss before tax for FY 2020 of approximately £14.6m (2019: £11.3m PBT). The increase in the anticipated loss before tax from previous guidance relates to the impact of the recently adopted new accounting standard, IFRS 16 (Leases) on the Company s financial statements, and therefore is not a result of any change in trading guidance. As previously announced, the Group continues to have a material net cash balance sheet position, and the Board continues to anticipate that the Group has sufficient liquidity available to it, assuming there are no further material COVID-19 related restrictions mandated by the Government over and above those already kn