Shoe Zone rallies on £3.5 million share buyback

Shares in Shoe Zone (LON:SHOE) rallied after the budget footwear retailer said positive trading continued throughout July. Alongside strong inventory and cost control, this helped drive further outperformance in terms of cash generation. Leicester-based Shoe Zone said it will return excess capital to shareholders through a £3.5 million share buyback, sending the stock higher in … Continue reading Shoe Zone rallies on £3.5 million share buyback