{"id":162015,"date":"2019-08-12T08:24:09","date_gmt":"2019-08-12T08:24:09","guid":{"rendered":"https:\/\/www.theindustry.fashion\/schuh-appoints-advisers-from-kpmg\/"},"modified":"2021-08-12T14:03:46","modified_gmt":"2021-08-12T14:03:46","slug":"schuh-appoints-advisers-from-kpmg","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/schuh-appoints-advisers-from-kpmg\/","title":{"rendered":"Schuh appoints advisers from KPMG"},"content":{"rendered":"
Footwear chain Schuh has appointed advisers from KPMG as it looks to tackle high rents<\/strong> on its 132-strong store estate.<\/p>\n <\/p>\n The Glasgow-based group is reported to have suffered a spell of tough trading, along with much of the high street, but is not pursuing closures or a CVA<\/strong>, according to the Sunday Times<\/em><\/a>.<\/p>\n In the year to February 2018, Schuh\u2019s sales rose 9.8% to \u00a3308.5m, during which time it opened seven UK stores, although pre-tax profits at group level were down\u00a010% at \u00a315m.<\/span><\/p>\n The company was founded in 1981<\/strong> and became known for selling popular footwear brands from the likes of CAT, Vans, UGG and Dr Marten's. It moved into online selling in 2002 and in 2015 it announced a move into the German market, eventually opening three stores, however it revealed in June that these stores would be closing.<\/p>\n On Friday it was revealed that fellow footwear chain Office was considering closing up to half of its 100-strong<\/a> UK store estate as leases expired in the coming years.<\/p>\n