Schuh news and archive

Schuh UK posts strong growth in 2023 sales and profit

Footwear retailer Schuh’s turnover in the UK increased by 7.4 percent to 380.8 million pounds and footfall increased by 3.8 percent across its stores. The company said in a filing that ecommerce sales improved by 10 percent like for like. Ebitda for the year increased by 35.8 percent to 28 million pounds, pre-tax profit jumped by 56.8 percent to...

Fashion Featured

Schuh pioneers inclusive retail with single shoe sales initiative

UK-based fashion footwear retailer Schuh has announced the introduction of single shoe purchases across its entire store network. This initiative, set to launch on August 30th, aims to cater to customers with limb differences or disabilities who require only one shoe. The company will offer single shoes at a 50 percent discount, taken from new...

People

Schuh bolsters leadership team

Schuh, one of the UK’s leading footwear retailers, has named Stephanie Legg as chief marketing officer and Justin Lodge as chief digital officer, with immediate effect. Legg, who has more than 20 years of distributed commerce and multi-channel consumer marketing experience gained in-house and agency side across fashion, fin-tech, retail, FMCG,...

Business

Schuh parent Genesco swings to Q1 loss, cuts guidance

Nashville-based specialty retailer Genesco has lowered its full-year outlook after swinging to a loss in the first quarter of the year. The company, whose portfolio includes Scottish footwear retailer Schuh, made a net loss of 18.9 million dollars in the three months to April 29 compared to a profit of 4.9 million dollars a year earlier. That...

Business

Schuh parent Genesco lowers FY earnings outlook

Nashville-based specialty retailer Genesco has lowered its full-year profit outlook amid higher industry-wide promotional activity and cost pressures. The company, whose portfolio includes Scottish footwear chain Schuh, now forecasts adjusted diluted earnings per share from continuing operations to be in the range of 5.5 dollars to 5.9 dollars....

Business

Schuh parent Genesco swings to FY profit after strong Q4

Schuh parent company Genesco returned to the black in its fiscal 2022 year after the Nashville-based specialty retailer reported a strong fourth quarter. In the three months ended January 29, the company posted net sales of 728 million dollars, an increase of 14 percent compared to a year earlier and 7 percent compared to two years ago. For the...

Fashion

Schuh owner Genesco bans use of alpaca fleece

The owner of footwear retailer Schuh has become the latest company to ban the use of alpaca fleece in its products following the publication of an exposé by animal rights group Peta into the treatment of animals at a farm in Peru. Footwear and accessories retailer Genesco has agreed to ban the fibre from its portfolio of brands, which also...

Business

Schuh secures 19 million pound bank facility

Footwear retailer Schuh has secured a 19 million pound finance facility to help mitigate the blow from the pandemic. The funding has been secured with Lloyds Bank via the Treasury’s Coronavirus Large Business Interruption Loan Scheme (CLBILS). The retailer, which has more than 120 stores in the UK and Ireland, said the money would simultaneously...

Business

Schuh to exit Germany; focus on UK, Irish and Channel Island business

Scotland-based footwear retailer Schuh has announced plans to close all three of its stores in Germany at the end of June to focus efforts on its UK, Irish and Channel Island business. The company said changes in the market over the past few years as well as the impact of Brexit lead to the decision, and said the stores - in Oberhausen, Bochum...