1956年，大學鞋店畀人公私合營。1986年9月，鞋店全面裝修，時上屬國企東山區百貨公司將其變成咗大學鞋業公司。90年代尾面臨地鐵一號線拆遷，喺2002年8月13號被逼遷出，暫時安置去北京南路，鞋店舊址畀完全清拆。據報宜家喺西湖路75號附近繼續經營，名為新大學鞋業。
In 1956, the university shoe store was given a public-private partnership. In September 1986, the shoe store was completely renovated, and the Dongshan District Department Store, a state-owned enterprise at the time, turned it into a university shoe company. In the 90s, it was finally demolished by Metro Line 1, and was forced to move out on August 13, 2002, temporarily relocated to Beijing South Road, and the old site of the shoe store was completely demolished. It is reported that it is now continuing to operate near 75 West Lake Road under the name New University Shoes.