Digital Revenue Up 58.5% YoY Despite Overall Decline
- Shoe Zone’s revenue fell to £119m in FY21
- Digital revenue increased by 58.5% to £30.6m compared to the previous year
- Revenue was higher in 2019 at £162m
Shoe Zone has reported a decrease in group revenue for the full-year ending October 2021, with sales dropping to £119m from £122.6m in 2020 and £162m in 2019. However, digital revenue soared by 58.5% to reach £30.6m compared to the previous year.
Factuality Level: 8
Factuality Justification: The article provides a clear and concise statement about the company’s revenue drop over the years, with specific figures. It is not sensationalized or misleading, nor does it include any personal opinions or irrelevant information.
Noise Level: 3
Noise Justification: The article provides information on the company’s revenue decline but lacks analysis or context for long-term trends or consequences. It also does not explore accountability or provide actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The news affects Shoe Zone, a UK-based footwear retailer’s financial performance.
Financial Rating Justification: This article discusses the company’s revenue drop in the full-year ending October 2021 compared to previous years, which is related to its financial performance and can have implications for investors and stakeholders.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
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