A shoe shop in south Bristol is closing down.
The branch of Shoe Zone in East Street, Bedminster has 'closing down sale' posters in the window and dotted throughout the store.
Bristol Live has contacted the retailer to ask when the shop will close and the what the reason for closure is and is awaiting a response.
In June Shoe Zone announced it had axed 20 stores and cut jobs at its head office to slash costs because of the financial impact of the coronavirus pandemic.
The company said it would also continue to review stores after reopening, with an uncertain future lying ahead for the high street.
Shoe Zone said it took “immediate action” after the UK was placed in lockdown in March, cutting jobs across its head office in Leicester and pausing all discretionary spend.
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But shares fell 3% as the group cautioned that the retail sector will take years to recover from the crisis.
Chief executive Anthony Smith said: “Covid-19 will continue to have an unprecedented impact on the UK economy and the retail industry.
“Whilst the group has taken all possible steps to ensure that the business will survive through the crisis and continue into the future, the impact is likely to continue to be felt for several years.”
Shoe Zone’s half-year results showed it swung to a £2.5 million loss in the six months to April 4, against profits of £1 million a year earlier.
Sales tumbled 5.6% to £68.9 million, which it said was due to the pandemic and closure of all its shops on March 24 – with revenues having risen by 2.6% in the five months to February.
It continued to sell online throughout the lockdown, with internet sales now accounting for 17% of all sales, up from 6.5% before thanks in part to aggressive buy-one-get-one-free discounting.
Shoe Zone said it took extra charges of £1.2 million from the coronavirus crisis, after £300,000 for redundancy costs and £900,000 in write-downs on the value of its store freeholds.
