Value footwear retailer, Shoe Zone has announced the departure of Non-Executive director Charlie Caminada with immediate effect. The retailer said in a statement that Caminada is stepping down to pursue his other business interests.
Chairman of Shoe Zone PLC, Charles Smith, said: “Anthony and I would like to take this opportunity to thank Charlie for his support on the board since the company’s IPO in 2014 and we wish him well with his future endeavours.”
Last week, Shoe Zone was expected to cancel the final payment of its dividend for 2019 to help give the business more financial security ahead of the “significant disruption” that will be caused by the Coronavirus outbreak.
The company, which owns 500 stores and employs around 3,500 people across the UK and Ireland, has been battling challenging trading conditions on the UK high street, having warned of closing around 100 stores last month.