Skip navigation

Gloucestershire Business News

Shoe Zone finds right fit for top role

The boot is officially on the other foot for Shoe Zone after the retailer announced its new financial director.

Terry Boot has taken on the role with immediate effect - replacing Peter Foot.

The announcement comes as the retailer, which has shops in Gloucester, Cheltenham and Stroud, reported a post-tax loss of £14.6million in the year to October 3.

Shop closures during the pandemic sparked a 24.3 per cent in sales £122.6million.

Chief executive Anthony Smith said he did not expect profits to return to pre-pandemic level until next year at the earliest.

He said: "The financial pressure caused by Covid-19 has meant we now have debt on the balance sheet for the first time in more than 15 years.

"Despite this, there are positives such as the continued growth of digital and the commitment and focus of our loyal employees."

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Monday, April 19 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Monday, April 19

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Boris Johnson applauds mortgage scheme on Gloucestershire visit Image

Boris Johnson applauds mortgage scheme on Gloucestershire visit

Prime Minister Boris Johnson described the property market as "generationally unfair" as he visited Gloucestershire to launch a scheme designed to help younger buyers.

Historic Woodchester Mansion Lodge on the market Image

Historic Woodchester Mansion Lodge on the market

A property built as the prelude to the famously unfinished Woodchester Mansion is up for sale.

Kier agrees £110m deal for housebuilding business Image

Kier agrees £110m deal for housebuilding business

Kier has agreed a deal to sell its housebuilding arm to a newly formed company for £110million.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.