Shoe Zone shares plunge as firm issues profit warning RETAIL 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 Retail 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 Retail 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.