Shoe Zone Plc, being one of our tenants, operates from approximately 550 stores. They are a leading UK specialist footwear retailer, offering low prices and high quality products.

It is always important, where possible, to try to follow how your tenants are performing financially. To discover negative news, means you can act if you need to. However, to read positive news, brings comfort and reassurance, that you as a landlord, have made a good investment, by way of owning a property with a financially sound tenant in place.

Shoe Zone Plc, at the time of writing this, recently published its first full-year results, since becoming a Plc listed company. From a landlord's perspective, it was good to note that the company reported a 124% rise in adjusted pre-tax profit and that their net cash balance rose by 50% to £9.1 million. Not surprisingly the share price has risen by 36% over the last 6 months.

It was also interesting to note, that whilst online revenues rose by 26%, only 3.1% of Shoe Zone's sales were made online within the last year. Shoe Zone's excellent financial performance clearly show that high street retail is alive and well. They also make it clear that online sales aren't necessarily more profitable than high street sales, Shoe Zone's operating margin of 6.7% is higher than those of ASOS which is less at 4.8%. 

All these points are positive news for both Shoe Zone Plc, their landlords, shareholders and also other traditional high street retailers.