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01/5/2021
11:59 | thecroots: https://www.retailtimes.co.uk/footwear-retailer-shoe-zone-sees-sales-of-crocs-increase-by-606/
Trading update is May 18th. Croc sales are up 606%!! These are high value shoes so this will be good if they bench mark for the 5 weeks from 12th April against 2019 as clearly they were closed last year.
Considering the hybrid formats as well as the big box stores are selling Crocs, Wranglers skechers etc, Like-for-like sales should be well ahead if they compare against 2019 in my opinion as the value per shoe is a lot higher. Average customer spend must be higher a the last report was most people were buying more than one shoe.
The light pink croc accounts for a quarter of all croc sales and i have just looked on shoezone online and theres only 13 left across all the shoe sizes.
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08/3/2021
09:29 | netcurtains: clocktower: I was thinking that but what is "dead stock"....
To my mind wellington boots and slippers might be more of a winter selling item but actually they also sell all through the year.
Shoes are not really like thick jumpers - they can actually sell all year through.
I'm struggling to think of a shoe that specifically only sells in winter (that shoeZone sell).
To my mind I trust the civil service when they say we are going to have a monumental sales boom in the high street.
Part of that boom will be school shoes.
ShoeZone also fits the zeitgeist of the age - veganism needs plastic shoes.
Save the planet buy animal friendly shoeZone shoes.
If shoeZone marketed their shoes to Vegans it will be come the most hip and happening
shop on the high street.
Boooooooooooooooooom!
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05/3/2021
08:47 | zangdook: I don't see 1.80 for quite a while, at least not sustained, because of this:
Notwithstanding the challenging trading conditions, Shoe Zone closed FY20 with a net cash balance of GBP6.3 million (2019: GBP11.3m). No dividend will be paid in relation to FY20 as debt repayment is now being prioritised by the Board. In addition, while pension funding has been agreed with the pension trustees up until the next triennial valuation in March 2022, it is expected that additional funds will be needed for one of the legacy pension schemes. The Board does not anticipate Shoe Zone will be in a position to restart a dividend policy until at least the 2024/25 financial year.
When the share price was at those levels it was sustained by a fat dividend. That paragraph is from the October update in the header.
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23/2/2021
07:56 | netcurtains: zangdook: buying and selling shares can be an emotional experience for some people. I would not worry about it.
These are the facts as we know it:
1. After speech M&S and Frasers went up significantly (both sell middle end shoes)
2. Shoe compared to its competitor retail investments (small to mid sized retail) has better NAV value and smaller market cap to historic profits. So purely looking at balance sheet we are a relatively good investment
3. All non-essential retailers will have really bad results (they can say "better than expected" what they mean is not quite as bad as expected so thats not relevant.
4. ALL SCHOOLS going back first so ShoeZone's main customers will need millions of shoes.
5. Shoe share price is significantly lower than other retailers relative to where it was in Feb 2020.
We are only about 35% recovered, many are 75% recovered so we are relatively a big big bargain.
Those are the facts as we know them
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22/2/2021
11:42 | clocktower: So let us look at the statement and forget about the change of director for the time being, and see if there is anything to question in it.
410 - High Street Stores
50 x Large Retail Park Units
Plus One on-line Unit.
Total 460 Selling around 16 million pairs of Shoes at £11 a pair.
They last had 500 stores as shown in 2019 report - and yet turnover it seems if you rely on the RNS has gone up from around £162m to around £176m -
The Pension Liability rose in 2019 by £3.4m to £9.7m (Say another £3m added)
The Big Box Contribution in 2019 was £1.5m (I think it's fair to expect ZERO)
The Digital Contribution was £3m ( Maybe up to £5m)
Revenue 2019 £162m - In the statement they are suggesting their turnover is now £176m (ie 16 million pairs of shoes at £11) with all the lockdowns is that really a realist statement to have made?
Netcurtains do you truly believe revenue has increased to circa £176m 2019-2020?
"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.
Shoe Zone sells 16 million pairs of shoes per annum at an average retail price of £11."
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21/2/2021
16:43 | thecroots: I'll try and answer a few!
1. How much does it cost to close current branches that are not performing (each outlet)
The re-use all fixtures and fittings and there isnt much that needs doing. Its not like they are ripping out commercial kitchens etc etc.
2. How much investment is required to open a new outlet - fixtures/fittings etc.
Surprisingly little. On the link for the SHOE presentation it commented on how SHOEZONE really do keep a lid on costs. SO much so that they have their own in-house design team and manage to kit out the stores on a shoestring (Actually no pun intended!)
3. When all the shops re-open what level of former business do you expect the to achieve (percentage wise)over the first 6 months. I think they reported it was 80% last time.
4. It is well documented that freight rates have risen - added costs and delays due to container shortages.
Not sure to be honest, but a lot of their shoes come from China and not Europe. This means that they are usually shipped in and not via road.
5. Will there be a big drop in online sales at SHOE when the shops re-open and how will that effect the cost base currently being depended upon.
Of course there will be a drop from when the shops re-open. Same for any retailer with an online and physical presence. I think the key is that they have taken on so many new online customers that these people will be repeat online customers. However, the figure comparison will be well into the triple digit growth from say 2 years ago. They were already up over 100% when they last reported.
I'll toss you in a positive that you have not mentioned (as far as I have noticed) the exchange rate has gone in importers favour since BREXIT.
Good point......
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20/2/2021
10:18 | netcurtains: Compare 2 popular retail shares:
The Works WRKS to SHOE
SHOE NAV is 26m
WRKS NAV is 9m
SHOE liabilities are 88m
WRKS liabilities are 192m (a lot of that debt)
SHOE is trading at 25% of Feb 2020 price
WRKS is trading at 75% of Feb 2020 price
SHOE big trading times are multiple
WRKS big trading time is Christmas
SHOE turnover is 162m
WRKS turnover is 217m
SHOE average pre tax profit (over 2 years) 2019: 6.5m 2018 11.2m
WRKS average pre tax profit (over 2 years) 2019: 2.3m 2018 2.5m
(both companies made big losses in 2020)
The point I'm trying to make here is WRKS have, like MANY MANY companies recovered to about 75% of their Feb price. Whereas SHOE are still at just 25% of their
Feb price.
If there is no reason for this disparity then surely SHOE stands the best bet
amongst many retailers of getting back to about £2 a share. unless I am missing something....
If anyone knows or has a good clue what this "something" is please let me know.
Are we saying there no longer is a market for cheap shoes?
Cheers Net!
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19/2/2021
15:37 | netcurtains: The way I see it, when kids go back to school of all the things they might need from haircuts to white shirts to shoes its SHOES that is the biggest item they will need to definitely be able to go.
You cant really go to school if your shoes are too small. You can go to school if shirt too small or bad haircut. But shoes you definitely need.
clothing shops and barbers might not be open but shoe shops (so news from Northern Ireland states) will at least be open for click and collect. Thats all you need to get your son or daughter some shoes for school
Imagine if its even better news and shoe shops are allowed to be fully open?
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09/2/2021
10:13 | city chappy: Lockdowns fuel 285% increase in slipper sales for Shoe Zoneby Fiona Briggs in Retail News, Retailer NewsLockdown has lead us all to spending more time at home, as business meetings are held over Zoom, we swap our heels for slippers and formal suits for joggers and a nice top.Proving just how much Brits have been prioritising their comfort in this time, footwear retailer, Shoe Zone has seen a 285% increase in the amount of slippers they have sold compared to this time last year, as people opt to purchase comfy shoes over smart footwear.With this in mind Shoe Zone were also keen to see which other items have seen a rising trend and found that joggers had seen a 104% increase in Google searches, fluffy socks a 200% increase and pyjamas 86%, showing that comfy clothing is at the front of consumersâ minds right now.Further research was also carried out in to the cities that prioritise their comfort the most based on search volumes, revealing that Bristol is paving the way when it comes to comfort. More can be found on this study here: hxxps://www.shoezone.com/Blog/where-is-the-uks-comfy-capitalCharlotte Maker, head of marketing at Shoe Zone, comments: âWith many of us working from home, and with the colder months of Autumn setting in, more of us are thinking about snuggling up with blankets, thick socks and our favourite pair of slippers.âShoe Zoneâs slipper sales are rocketing this year, as people up and down the country are trying to find their ultimate comfort whilst spending more time at home than ever.
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06/12/2020
06:48 | nesquikme: Lockdowns fuel 285% increase in slipper sales for Shoe Zone
Published on 12/11/2020 by Fiona Briggs in Retail News, Retailer News
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Lockdown has lead us all to spending more time at home, as business meetings are held over Zoom, we swap our heels for slippers and formal suits for joggers and a nice top.
Proving just how much Brits have been prioritising their comfort in this time, footwear retailer, Shoe Zone has seen a 285% increase in the amount of slippers they have sold compared to this time last year, as people opt to purchase comfy shoes over smart footwear.
With this in mind Shoe Zone were also keen to see which other items have seen a rising trend and found that joggers had seen a 104% increase in Google searches, fluffy socks a 200% increase and pyjamas 86%, showing that comfy clothing is at the front of consumers’ minds right now.
Further research was also carried out in to the cities that prioritise their comfort the most based on search volumes, revealing that Bristol is paving the way when it comes to comfort. More can be found on this study here: hxxps://www.shoezone.com/Blog/where-is-the-uks-comfy-capital
Charlotte Maker, head of marketing at Shoe Zone, comments: “With many of us working from home, and with the colder months of Autumn setting in, more of us are thinking about snuggling up with blankets, thick socks and our favourite pair of slippers.
“Shoe Zone’s slipper sales are rocketing this year, as people up and down the country are trying to find their ultimate comfort whilst spending more time at home than ever.
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