Overview

• Shoe Zone posted a pre-tax loss of £2.3m for the first half of FY2025, reversing a £2.6m profit from the same period last year.
• Revenue fell by 6.5% to £71.5m, partly due to operating fewer stores, with 31 closures over the past year, leaving 278 outlets.
• Shares dropped by more than 17% following the announcement, reflecting investor concerns over the company’s financial health.
• The company suspended its dividend and downgraded its full-year profit-before-tax forecast from £10m to £5m.
• Management highlighted ongoing cost pressures from higher National Insurance and living wage expenses but noted easing shipping costs and a stronger pound could provide relief in H2.