Shoe Zone warns of full year loss as consumer caution hits sales
Shoe Zone has warned that it expects to post a loss of between £1 million and £2 million in the year to 3 October 2026, against a previous guidance of a profit of £1 million.
The footwear retailer said it experienced challenging trading conditions in the first three months of 2026, which it attributed to weakened consumer confidence following recent government budget measures and the ongoing conflict in the Middle East.
Subscribe to TRBShoe Zone said: “These macroeconomic factors have increased customer caution, leading to lower footfall, less discretionary spend and additional costs such as container prices and transportation costs, with a resultant reduction in revenue and profit.”
The company also expects second half trading and costs to be impacted.
In its last financial year ending 27 September, Shoe Zone’s revenue fell to £149.1 million from £161.3 million, while pre-tax profit dropped sharply to £3.3 million from £10.1 million in the previous year.
The company attributed the performance to weakened consumer confidence following the government’s October 2024 budget and “highly adverse” fiscal policies.
