Shoe Zone adds to shipping warnings as container prices soar

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The HO zone joins the list of retailers warning of shipping headaches, with the series seeing a “minimum five-fold increase” in container prices over the past year.

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Anthony Smith, chief executive of the AIM-listed footwear chain, also warned: “This will continue to affect us for at least six months until the issues being experienced throughout the supply chain are brought back to a more sensible level. “

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The COVID-19 crisis has caused backlogs and delays for many companies importing goods, as well as increased demand for space on ships as online orders have increased for many retailers.

The shoe zone update came the same week that the Financial Times reported that container shipping company Maersk was moving some large ships from the UK to other European ports, from where smaller vessels would be used for deliveries here.

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As of 2 October, Shoe Zone, whose finance director is called Terry Boots, had revenues of £119.1 million from £122.6 million.

It was hit by temporary store closures during the lockdown, but it posted a spurt in online growth.

Smith said: “These are a solid set of preliminary results, but there are still uncertainties ahead of us over the next 12 months, not only with the continued impact of COVID, but the challenges we face with global supply chain and inflationary pressures.” are also.”

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