Schuh steps out with rise in turnover and profits

Schuh, the Livingston-headquartered footwear retailer, has hailed the success of its children's business after booking a steady rise in full-year sales and profit.
By The Newsroom
Published 2nd Jun 2017, 10:19 BST
Updated 4th Jun 2017, 21:17 BST

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Schuh said it finished the year 'in a good position' after a challenging start. Picture: ContributedSchuh said it finished the year 'in a good position' after a challenging start. Picture: Contributed
Schuh said it finished the year 'in a good position' after a challenging start. Picture: Contributed

The firm’s latest results reveal that turnover rose 5.3 per cent to £280.9 million, while pre-tax profit were up by 9.3 per cent to £16.6m. The US-owned firm operates 130 stores in the UK, Ireland and Germany.

• READ MORE: Schuh finance director to step down

“Schuh kids” was singled out as a “big focus” in the period. The group opened two additional stand-alone stores including its first London branch, in Westfield Stratford City, with the other in the Bluewater centre in Kent.

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The kids business also expanded with four “hybrid” stores, including one in Aberdeen.

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

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Related topics:LivingstonIrelandGermanyLondonKent