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Footwear retailer Shoe Zone has warned it expects to record a loss for the current financial year following a decline in consumer confidence.
The company anticipates an adjusted loss before tax of between £1.0m and £2.0m for the year ending 3 October 2026.
The figures represent a significant downgrade from previous market expectations of a £1.0m profit.
The group stated that trading conditions in the first quarter of the calendar year were challenged by macroeconomic factors and geopolitical issues in the Middle East.
It comes as increased customer caution has led to lower footfall and reduced discretionary spending. The retailer also reported higher operational expenses, including rising container prices and transportation costs.
Despite the trading update, the company confirmed it remains debt-free. Cash levels at the end of March 2026 were reported to be higher than at the 2025 year-end.
Shoe Zone expects the impact on revenue and costs to continue throughout the second half of the year. The company is scheduled to announce its interim results in early May 2026.
