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Special dividend plans afoot after Shoe Zone profit haul

Jan 10, 2019 - The Daily Telegraph (London)

SHOE Zone has declared a special dividend on the back of record annual profits and increased revenues despite "a challenging consumer environment".

The retailer, which specialises in cheap footwear, said pre-tax profits rose 18pc to £11.3m, boosted by its "big box" stores on retail parks. It was the highest annual profit increase since floating in 2014.

Total revenue climbed 1.8pc to £161m in the 52 weeks to Sept 29, with online revenue increasing by almost a fifth to £9.8m.

The 8p special dividend will be on top of a final dividend of 8p, and takes the total payout this year to 19.5p...