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PRIVACY
Retail & Consumer

Schuh boosts employment past pre-pandemic levels, creating nearly 400 jobs

The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year - up from its total of 3,975 in the prior 12 months

Schuh store on Church Street, Liverpool(Image: Colin Lane/Liverpool Echo)

Schuh has reported a near 400 job expansion in its most recent financial year, raising its workforce beyond pre-pandemic levels. The Scottish-based footwear retailer now boasts a team of 4,369 employees, compared to 3,975 over the previous 12 months, according to figures from the latest financial period.

The company had not exceeded the 4,000 mark since the year preceding the Covid-19 pandemic, and at one point during the health crisis, staff numbers plummeted to 3,286 as of 29 January 2022, as reported by .

However, buoyant business in the past financial year has translated into a headcount rebound, disclosed in fresh accounts filed with Companies House. These documents also reveal that Schuh's revenue has risen from £354.4 million to £380.8 million.

The footwear firm, under the umbrella of US retail giant Genesco, saw its pre-tax profits leap from £13.4 million to £21 million.

Domestically, Schuh experienced a turnover boost from £328.2 million to £356 million, although its European sales declined slightly from £26.2 million to £24.7 million.

Retail footfall surged by 3.8% while the retailers e-commerce operations witnessed a like-for-like increase of 10% in online sales.

During the apex of the pandemic, Schuh's revenue dropped to £234 million for the year ending 31 January 2021, culminating in a pre-tax loss of £18.8 million.

In terms of future strategies, Schuh is looking towards technology to sustain its growth trajectory, amidst ongoing challenging trading conditions.