Schuh news and archive

Schuh blames promotional retail environment for decline in profits

After a year of challenging conditions on the high street, Schuh said in a statement that its turnover increased from 280.9 million pounds in FY17 to 308.5 million pounds, however pre-tax profits decreased from 16.6 million pounds to 15 million pounds due to the overtly promotional retail environment. “We had a strong start to the year however...

Management

Alice Cleary joins Schuh as Chief Marketing Officer

Scotland-based footwear brand Schuh has appointed Alice Cleary as its new Chief Marketing Officer with immediate effect. The company said, Cleary will join the existing eight members of the Schuh management team that includes Managing Director, Colin Temple. “We are fortunate to have a great new dynamic that brings a wealth of experience to our...

Report

Schuh’s chief executive confident the footwear chain won’t be sold out

Colin Temple, chief executive at the Edinburgh-based footwear chain, has showed his confidence in not being sold any time soon, regardless the Schuh’s parent company’s activist investor plans. Temple said in an interview with the Press Association he was confident in the footwear chain’s performance and that the retailer will continue to prosper...

Fashion

Schuh Group bought by US firm for £100m

British footwear giant the Schuh Group has been bought by American retailer Genesco Inc for £100 million. Schuh's core product selection consists of a broad range of branded casual and athletic footwear complemented by a private label offering targeted at its 15- to 24- year old core customer. The retailer has 59 stores in the UK and Ireland and...