Shoe Zone PLC

Consumer

Shoe Zone plc is a UK-based digital footwear retailer, town center, and retail park operator, which provides high quality footwear for the entire family at affordable price. It was founded in the year 1980, and its headquarters are situated in Leicester, United Kingdom. Its main area of operation is the Great Britain, and it operates approximately 430 stores in the country employing around 3,000 people. The company claims that it around 16 million pairs of shoes per annum in an average year, with £10 being the average retail price per pair, according to the March 2021 figures. The company is listed and traded on the Alternative Investment Market (AIM) of the London Stock Exchange publicly and complies with the UK City Code on Takeovers and Mergers.

 

The main goal of the company is to create a high-quality portfolio of stores, which helps in maximising the overall returns of the business. The store portfolio consists of more than 380 high street stores, which offer the core product. Besides, it also consists of more than 50 larger Retail Park units, which also promote the big brands such as Kickers, Hush Puppies, and Skechers, Heavenly Feet, and Wrangler. The company can maintain the low costs due to economies of scale, and it directly sources the products from the factories, while maintaining a low product line count. Around 95% of the manufacturing activities in the current season have taken place in China, with which the company has built a strong relationship. The company operates through multiple channels, and it launched its website in 2010, which offers an exclusive range of 700 product styles that are not available at its stores. The average transaction value for online shopping is 26% greater than the in-store average transaction value. The delivery of products ordered online is carried out by the company either using its own lorries, or through third-party couriers.

 

Shoe Zone plc follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. The board of the company has set up separate committees for audit and remuneration. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. It follows strict policies regarding privacy, pension, gender pay gap, and modern slavery. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. The company supports underprivileged children in poverty through its charity called The Shoe Zone Trust.

Contact Information

company address Shoe Zone PLC HARAMEAD BUSINESS CENTRE HUMBERSTONE ROAD Leicester LE1 2LH United Kingdom GBR

company phone+44 116 222 3000

company websitehttps://www.shoezone.com/

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