Shoe Zone shares plummet as retailer kicks out at budget tax raids Retail Shoe Zone shares plummeted after the retailer hit out at Rachel Reeves’ budgets for stifling consumer confidence, saying the chancellor’s policy and the Iran war will kick it into a loss this year. The firm’s share price slumped by more than 32 per cent on Wednesday’s market open, leaving the stock down more than 48 [...]
Shoe Zone shares booted as Labour’s budget tax raid weighs Footwear retailer Shoe Zone has slashed its profit target in half for the full-year citing an overhang from Rachel Reeves’ 2024 Autumn Budget. The London-listed firm said in a trading update on Wednesday it expects pre-tax profit for the financial year ending September 2025 to be around £2.5m. This marks a stark drop from previous [...]
Shoe Zone given a kicking as shares slump after losses revealed Retail Shares in Shoe Zone have suffered a huge drop after the retailer revealed it had fallen to a loss during the first half of its financial year. The Leicester-headquartered company has reported a pre-tax loss of £2.3m for the six months to 29 March, 2025. The business had previous posted a pre-tax profit of £2.6m [...]
Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
Shoe Zone: Firm slams Budget tax hikes as it’s forced to close ‘unviable’ stores December 18, 2024 Shoe Zone has said it has been forced to close “a number” of stores following higher costs announced in the Autumn budget. The affordable footwear company said a combination of lower consumer confidence following the budget, plus “significant additional costs” due to the increases in National Insurance and the National Living Wage, have made the stores [...]
Shoe Zone shares plunge as firm issues profit warning July 2, 2024 Shoe Zone has lowered its profit forecast after it said weaker demand for its products plus the soaring cost of shipping had compounded an already challenging trading environment.
Shoe Zone shares slump as store revenue continues to decline May 21, 2024 Shares in affordable footwear company Shoe Zone slumped by over nine per cent in early trade as the business fails to shake the hangover from its profit warning two months ago.
Shoe Zone blames higher costs and Red Sea disruption for ‘slower than expected’ sales March 12, 2024 Shoe Zone has blamed higher costs, the disruption in the Red Sea and "slower than expected" sales at the end of 2023 for its reduced performance in recent months.