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Schuh confirms plan to cut costs across footwear estate

Schuh

Stores face cutbacks

Shoe retailer Schuh has hired a retail property consultancy to look at cutting costs across its 130-store estate.

The move by the Livingston-based company comes shortly after it said it was pulling out of Germany to focus on its business closer to home.

Schuh and US parent Genesco have engaged retail property consultant Capa to reduce occupancy costs across its portfolio.

Its statement added: “As a business we remain focused on delivering initiatives to further enhance customer experience, including our new transformational 2020 store design, CRM [customer relationship management] personalisation.”

In August it was reported that the company was consulting with KPMG to assess options including a reduction of rents on some of its stores in the UK and Ireland.

Schuh, which was founded in 1981, announced in June that it was closing operations in Germany, laying the blame partly on Brexit.



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