Shoe Zone (LSE:SHOE) reported a challenging trading period for June and July 2025, driven by reduced consumer confidence and lower discretionary spending following the government’s October 2024 budget. As a result, footfall, revenue, and profits have declined, with the company now forecasting an adjusted profit before tax of £2.5 million, down from the previously expected £5 million. In response, Shoe Zone is pausing its current dividend policy. Despite these headwinds, the company remains committed to its strategy, marked by the opening of its 200th new format store, and maintains a debt-free balance sheet with higher cash reserves than the previous year.
About Shoe Zone
Shoe Zone is a UK-based footwear retailer offering affordable, quality shoes for the whole family. The company operates 271 stores, including 74 high street locations and 198 larger format outlets, employing around 2,150 people. Shoe Zone also provides a multi-channel shopping experience through its stores and online platform, shoezone.com, selling approximately 13.3 million pairs of shoes annually.
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