MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Shoe Zone warns of £12m hit to revenue due to second lockdown at 'critical time of year'

StockMarketWire.com

Footwear retailer Shoe Zone has said the second government-mandated national lockdown in England will have a negative impact on revenue and that as a result of the lockdown its final results for the period ended 5 October 2020 will be announced on 8 March 2021.

The company said that the second lockdown in England 'at a critical time of year' will result in an anticipated reduction in revenue of at least £12m in this financial year, compared to the year ending 5 October 2020, 'even allowing for the good gains in online trade'.

It added that the 'very late' lockdown in certain areas of Scotland and all of Northern Ireland has further exacerbated the impact on its pre-Christmas trading.

Shoe Zone said: 'Notwithstanding this anticipated reduction in revenue, the group continues to have a material net cash balance sheet position, and the board continues to anticipate that the group has sufficient liquidity available to it, assuming there are no further material Covid-19 related restrictions mandated by the government over and above those already known.'

At 9:11am: (LON:SHOE) Shoe Zone Plc share price was 0p at 39.5p


Story provided by StockMarketWire.com