Schuh records uptick in sales and profits

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Schuh

Schuh has recorded an increase in annual sales and pre-tax profits amid some new store openings and rolling out of new payment services.

The footwear retailer posted a 5.3 per cent increase in sales to £280.9 million for the year to the January 31, while pre-tax profits also had an uptick of 9.3 per cent to £16.6 million.

Schuh’s performance was driven by its kids’ footwear arm, as it opened two new standalone stores at Westfield Stratford City in London and Bluewater shopping centre in Kent.

Over in Luton, one new store selling adult shoes opened up.

Meanwhile, four stores in Romford, Aberdeen, Chelmsford and Essen in Germany were updated their offering to sell both kids and adult footwear ranges.

The footwear chain also carried out further changes to its point-of-sales desks with free-standing kiosks and handheld payment machines.

“We had a more challenging start to the year, but trade picked up over Christmas and we finished the year in a good position,” Schuh finance and HR director David Gillan-Reid said.

“A big focus for us has always been to deliver a great customer experience, whether in store or online.”

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