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Shoe Zone Says CEO Nick Davis Resigns, Sees Full-Year Performance Below Expectations
Shoe Zone Reports HY Revenue Of £73.0M
Shoe Zone Says FY Statutory Profit Before Tax Increased 18.4 pct To £11.3 Mln
Shoe Zone plc is a footwear retailer in the United Kingdom and the Republic of Ireland. The Company offers women's shoes, men's shoes, boy's shoes and girl's shoes. The Company's online offering combined with its store network enables customers to shop through multiple channels. The Company operates from a portfolio of approximately 550 stores. Its customers purchase all of the products available in stores, as well as an additional approximately 400 product styles. The Company sells over 20 million pairs of shoes per annum. The Company has operations in various countries, including Germany, Italy, Spain and France. The Company's distribution center is located in Leicester, England. The Company's subsidiaries include Castle Acres Development Limited, Shoe Zone Retail Limited, Zone Property Limited, Zone Group Limited, Shoe Zone (Ireland) Limited, Shoe Zone Pension Trustees Limited, Stead & Simpson Limited, Zone Footwear Limited, Zone Retail and Walkright Limited.
HARAMEAD BUSINESS CENTRE
Executive Chairman of the Board
Jeremy W. Sharman
Non-Executive Deputy Chairman of the Board
Nicholas John Davis
Chief Executive Officer, Executive Director
Chief Financial Officer
Chief Operating Officer, Executive Director
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Shoe Zone Plc <SHOE.L> said on Friday Chief Executive Officer Nick Davis had resigned and warned that full-year results would be below expectations due a tough trading environment on high street, sending the footwear retailer's shares plunging 40%.
Footwear retailer Shoe Zone Plc said on Friday that Chief Executive Officer Nick Davis has resigned and cited "tough" high-street trading environment to warn that full-year results would be below its expectations.
* FY product gross margin strengthened to 62.0 pct (2015: 61.5 pct)
* Have seen little impact from EU referendum in H2 while having traded well through key back to school period Source text for Eikon: Further company coverage:
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