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SHOE Shoe Zone Plc

105.00
0.00 (0.00%)
29 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shoe Zone Plc LSE:SHOE London Ordinary Share GB00BLTVCF91 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 105.00 18,523 08:00:00
Bid Price Offer Price High Price Low Price Open Price
100.00 110.00 105.00 105.00 105.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Footwear-wholesale 165.66M 13.22M 0.2860 3.67 48.54M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:33:18 O 3,000 101.25 GBX

Shoe Zone (SHOE) Latest News

Shoe Zone (SHOE) Discussions and Chat

Shoe Zone Forums and Chat

Date Time Title Posts
21/1/202522:26SHOE digital sales 100% up year on year.2,505
01/11/202115:44Time for a rebound156
01/8/202115:43Shoe Zone - UK mass market retailer of footwear703
19/2/202118:02please ignore feet wear - just mucking around-

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Shoe Zone (SHOE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:33:19101.253,0003,037.50O
11:38:33105.557,8048,237.12O
10:23:39101.034,2164,259.21O
09:53:48106.001,5031,593.18O
08:35:57100.502,0002,010.00O

Shoe Zone (SHOE) Top Chat Posts

Top Posts
Posted at 29/1/2025 08:20 by Shoe Zone Daily Update
Shoe Zone Plc is listed in the Footwear-wholesale sector of the London Stock Exchange with ticker SHOE. The last closing price for Shoe Zone was 105p.
Shoe Zone currently has 46,226,830 shares in issue. The market capitalisation of Shoe Zone is £48,538,172.
Shoe Zone has a price to earnings ratio (PE ratio) of 3.67.
This morning SHOE shares opened at 105p
Posted at 21/1/2025 22:26 by bareknee
Though, for various reasons, not all related to SHOE, I'm not tempted to buy back in, if they can maintain profits at the levels just reported then there's plainly value here at a share price of ~100p.

I don't think that's a big if.

But, longer term, they need to continue to grow the digital side of the business if they want to get any meaningful growth in the business.

Given they basically say their USP on the digital side of the business is being able to return goods to stores, that's probably easier said than done. If they're successful on the digital side, then, sooner or later, more shops will close and it'll be further and further, distance wise, for customers to travel if they want to return goods to a store.

At some point, unless SHOE can come up with a cunning plan, people will just order online from where ever is cheapest and has free returns.
Posted at 31/12/2024 13:39 by papillon
free stock charts from uk.advfn.com


5 year long term log chart. There was a "death cross" (50 day EMA falling below an already falling 200 day EMA) on this chart early this year when the share price was over 200p, since when the SHOE share price has fallen off a cliff.
The 14 day RSI is oversold so a "dead cat" bounce is always possible, but the long term chart and the posts of Premium Becks and NY Boy show this is definitely NOT a share for "widows and orphans"!
Posted at 22/12/2024 16:49 by premium beeks
I've never been in shoezone. My family never have, I don't know anyone who has used them. There are too many alternatives now - even sports direct have a decent range of school shoes in at ridiculously cheap prices, and are in reach of most of the cohort that would use shoe. I made a mistake here earlier in the year, sold out at a small loss after the cyber event and took off my watch list. The taxation changes and the fact I've not seen more than a person or two in a shop that I have passed in my travel this year - Dewsbury, Selby, Doncaster, Wakefield, etc, etc tells me it could even be over for them.
Posted at 20/12/2024 21:34 by thecroots
No worries Julietzed. I do like CARD too. When i loaded up on SHOE in late 2020, i also looked at CARD as they were both the same price!!

The thing is tho, one of the directors has a 29.7% holding in SHOE, so cannot reach 30% without officially bidding for the company.

May buy back in, buy wont be till after January 21st.

Your link to the ITV news link states that they had annual sales to the UK last year of £1.51b. Even if you allow 20% for footwear that's still double Shoezone sales so it will have some effect.

It also said this:

"From more or less a standing start in 2020, Shein has overtaken BooHoo, H&M and John Lewis to become the UK’s 11th most popular clothing and footwear retailer.

GlobalData forecasts Shein will have risen to sixth place by 2027, overtaking Zara, Asda and TK Max albeit still behind the top three of Next, Primark and Marks and Spencer."

I don't understand how you can say they aren't competition for shoezone.
Posted at 20/12/2024 17:06 by julietzed
Follow this link and sort by price: hxxps://www.shoezone.com/Womens. A lot of Shoe's offering is under £10, so I stand by it. As I said, I am still looking into it, but a circa 2% revenue drop with all the store closures is comparable to peers such as Schuh, and I still don't see significant price disruption from the Chinese sellers.

You can also look on Amazon, where they do quite well.

Well, as did I, but I haven't bought back in.

Addressing your points in order, I think we have to be careful when it comes to tin-foil-hat thinking here. I haven't looked at the hack but I work in IT. I doubt very much that it was a strategic hit and more an opportunistic one.

I'v covered point 2.

Yes, I will definitely be looking at that, but this may just accelerate the store clossures, which have kept wages under control for very little revenue sacrififice.

I am not sure about their motives, but it is a point of interest. I don't think they will be cynically mis-managing the business.

Yes, they have not guided well. During the pandemic, they purchased a lot of shares. I would like to see that again.

I don't know who that man really is, but could it simply be that the revenue mix is now made up of higher-priced, lower-margin branded footwear that is definitely more sensitive to economic conditions of consumers than their own-brand offering, which I reiterate has many shoes for under £10 with free delivery, returns and better quality than the stuff on Shein etc. I honestly doubt if they are having much of an impact. Do you have any solid evidence for this as you seem quite convinced?
Posted at 20/12/2024 15:45 by thecroots
Julietzed

No competition? SHein and Temu are MASSIVE competition for SHOE

Google Shein shoes and you will see loads of shoes for a tenner plus £3 delivery.



The above link takes you to their shoes. If you spend over £19, you get 35% off. Thats way cheaper than SHOE. Remember,SHOE don't advertise the website - Shein does.

Google TEMU and look at the shoes tab. Theres tonnes on there at cheap prices.


I made a lot of money on these after the pandemic, unfortunately missing out on the rise to 290p but bought back this year at an average of 150p odd so i've taken a hit recently. I've used the loss to offset against my gains so it's not all bad. Normally, I would just ride it out but theres too many red flags for me:

1) - I think the cyber attack has affected online sales. Probably instigated by one of the chinese retailers.!

2) - Shein and Temu are huge competition for them. Shein is trending well at the minute and is popular.

3)- The new budget changes will make a big difference in payroll costs.

4) - Something doesn't seem right with one of the brothers stepping down form the board and both brothers transferring all their holdings out of their investment company

5) - The constant "not less than" updates. "not less than 5 million" is certainly a lot less than "not less than £13.9m"

6) - The update on 21st January scares me and i think the update this week is priming up for another profit warning. If there is, the market will seriously punish SHOE more than than this week.

7) Russ Mould's comments must have some substance.
Posted at 19/12/2024 13:02 by masurenguy
Shoe Zone closures: chain blames budget for decision to close stores

The struggling footwear retailer Shoe Zone has blamed significant extra costs from the recent budget measures for its decision to close a number of stores as it sounded the alarm over profits. The retail chain said the increase in employers’ national insurance contributions and the minimum wage meant the stores had “now become unviable”. Shoe Zone said it was facing “very challenging trading conditions” with shoppers cutting spending and unseasonable weather, as well as a further weakening in consumer confidence since Rachel Reeves’s budget in October. “Consumer confidence has weakened further following the government’s budget in October 2024, and as a result of this budget, the company will also incur significant additional costs due to the increases in national insurance and the national living wage,” the company said. “These additional costs have resulted in the planned closure of a number of stores that have now become unviable.”

Earlier in the year the Leicester-based retailer warned that profits would be hit by an increase in shipping costs, with upward pressure on container prices thanks to rerouting away from the Red Sea and the Suez Canal. In October it lowered its guidance for the year to September 28, 2024, blaming poor summer weather for lower sales. It expected pre-tax profits to be not less than £9.6m, down from £16.2m in 2023. The group has already been closing loss-making stores over the past year, revealing in October that 26 sites had been shut on a net basis — 53 closed, less 27 opened — in the year to September 28. As well as shutting less profitable shops, it has also been revamping remaining high street stores and increasing its number of new larger sites based in locations such as retail parks. The company did not put a figure on how many more stores it was planning to close.

Some analysts questioned the group’s decision to blame the budget for accelerating its closure plans, suggesting that demand for footwear should remain resilient as it is not a discretionary product. However, Zeus Capital said the retailer operated in a defensive sub-sector of the consumer market.

Complete article:

Seems like they are constantly blaming external factors - increase in shipping costs - poor summer weather - unseasonable autumn weather - the recent budget - weakening consumer confidence - for its woes. Shares are down 67% since March 24 (9 months ago) and are currently at a 3 year low.
Posted at 18/12/2024 09:14 by davebowler
Zeus
Trading Update
Challenging trading conditions over recent months, combined with increased operating costs resulting from the Government’s budget has resulted in plans to close a number of stores that are no longer considered viable. These pressures are expected to materially impact performance, with FY25E Adj. PBT now guided to be not less than £5.0m, a 50% downgrade versus previous guidance of £10.0m. As a result, the Company is not proposing to pay a final dividend for FY24. FY24 results will be published on the 21st January 2025.

 Challenging trading conditions: Shoe Zone has warned that for FY25 year to date it has experienced very difficult trading conditions. Weaker consumer demand noted since the Government’s Budget, combined with unseasonal weather has impacted revenue. Higher operating costs, primarily related to increased employer NI Contributions and National Living Wage rates are not now expected to be mitigated through trading, meaning a number of stores are now considered unviable, and will be closed during the current year. This has resulted in a material downgrade to FY25E profit guidance; FY25E Adj. PBT is now expected to be not less than £5.0m, versus previous guidance of £10.0m. The Group has also announced, because of softer trading, it no longer plans to pay a final dividend for FY24.

 Forecasts: We revise our forecasts to reflect today’s updated guidance. FY24 forecasts for the 52 weeks ended 28 September 2024 are unchanged. FY25 forecasts are revised for latest guidance: Revenue of £159.4m is 5.0% below our previously published estimate of £167.8m. This is driven by softer revenue per store, reflecting the Group’s report of tough trading conditions along with weakening consumer confidence, as well as the impact of planned store closures in the period. Operating costs are increased versus previous estimates, reflecting additional costs of higher Employer National Insurance contributions and the increase in National Living Wage rates, which we no longer expect can be mitigated through trading, as well as additional costs associated with store closures. Lower sales and higher costs result in Adj. PBT of £5.0m, in line with latest guidance, a 50% cut to our previous estimate. We have removed our forecast dividends reflecting latest guidance that the company is not proposing to pay a final dividend for the financial year ended 28 September 2024.

 Valuation: At last night’s close price and based on our revised forecasts, Shoe Zone trades on an FY25E EV/EBITDAR of 2.8x and ex-cash PE of 15.9x.

 Investment case: Shoe Zone operates in a defensive subsector of the consumer market, in Zeus’ view, with its core product offer representing a staple-like, rather than a discretionary, purchase. The ongoing store transformation is delivering bigger, more profitable stores, with management executing a highly disciplined approach to store economics - as evidenced by the decision to close several stores no longer deemed viable during the current year. Despite a much more cautious outlook for FY25E, Shoe Zone does remain profitable and cash generative, with zero financial debt on its balance sheet. The decision to withdraw FY24E final dividend is highly prudent in our view, with Shoe Zone having a track record of restoring shareholder distributions as soon as trading performance allows. FY24 results will be published on the 21st January 2025.
Posted at 29/10/2024 21:37 by bareknee
Fenners - more importantly, how material to Shoe Zone are the added costs of NI and minimum wage and, if they are material, can they be passed onto consumers to protect margins ?

We can do next to nothing about changing govt policy, but we can make a judgement on where to invest.

... and before anyone asks, no I'm not short on Shoe Zone, but I don't hold any here. I was lucky in that I reduced a lot when the share price was high and subsequently fully sold up.The profit warnings, which were partly blamed on increases in minimum wage which had been signalled months previously, destroyed a lot of the faith I'd previously had in the management here.
Posted at 22/10/2024 10:11 by martinmc123
SHOE – Shoezone
2*
The high Street retailer of low cost footwear issued a pretty soft sounding FY update this morning. Group revenue reduced by 2.7% to £161.3m (FY 2023: £165.7m), store numbers, in line with plan, reduced to 297 (FY 2023: 323), Product margin increased to c.62.8% (FY 2023: 62.1%) and adjusted profit before tax expected to be not less than £9.5m (FY 2023: £16.5m). The first 3 highlights noted were pretty average, PBT down by over 40% is obviously pretty soft and explains why the share price is down 8% so far today. The reason for the profit fall given was due to the weather impacted second half sales performance in conjunction with year-on-year increases in the cost of energy, depreciation, National Living Wage and containers prices in the second half. The Group’s balance sheet softened a ...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SHOE/897
Shoe Zone share price data is direct from the London Stock Exchange

Shoe Zone Frequently Asked Questions (FAQ)

What is the current Shoe Zone share price?
The current share price of Shoe Zone is 105.00p
How many Shoe Zone shares are in issue?
Shoe Zone has 46,226,830 shares in issue
What is the market cap of Shoe Zone?
The market capitalisation of Shoe Zone is GBP 48.54M
What is the 1 year trading range for Shoe Zone share price?
Shoe Zone has traded in the range of 75.00p to 295.00p during the past year
What is the PE ratio of Shoe Zone?
The price to earnings ratio of Shoe Zone is 3.67
What is the cash to sales ratio of Shoe Zone?
The cash to sales ratio of Shoe Zone is 0.29
What is the reporting currency for Shoe Zone?
Shoe Zone reports financial results in GBP
What is the latest annual turnover for Shoe Zone?
The latest annual turnover of Shoe Zone is GBP 165.66M
What is the latest annual profit for Shoe Zone?
The latest annual profit of Shoe Zone is GBP 13.22M
What is the registered address of Shoe Zone?
The registered address for Shoe Zone is HARAMEAD BUSINESS CENTRE, HUMBERSTONE ROAD, LEICESTER, LANCASHIRE, LE1 2LH
What is the Shoe Zone website address?
The website address for Shoe Zone is www.shoezone.com
Which industry sector does Shoe Zone operate in?
Shoe Zone operates in the FOOTWEAR-WHOLESALE sector

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