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Shoe Zone PLC on Monday cited weak consumer confidence, lower footfall and higher costs as it reported a widened half-year loss. The Leicester, England-based footwear retailer said its pretax loss widened to £5.3 million in the 26 weeks to March 28 from £2.3 million a year prior, while revenue fell 12% to £62.9 million from £71.5 million. Store revenue declined 14% to £45.8 million with Digital sales dropping 6.0% to £17.1 million. Performance reflects a ‘very challenging trading environment’ against the continuing backdrop of ‘weak consumer confidence and macro/global economic volatility,’ Shoe Zone said. These factors led to lower footfall, less discretionary spend and higher costs. The firm said its relocation and refit programme continues, albeit at a slower pace, and is expected to complete by the end of 2027. Shoe Zone reiterated recently lowered guidance for full-year adjusted pretax loss of between £1.0 million and £2.0 million compared to a £2.4 million profit the year prior. It proposed no interim dividend, unchanged from a year ago. Shares in Shoe Zone fell 8.4% to 41.20 pence each in London on Monday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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