Shoe Zone profit forecast halved amidst weakening consumer confidence

Shoe Zone PLC has announced a trading update, revealing that it has faced challenging market conditions during June and July 2025. The company attributes the difficult period to a weakening in consumer confidence, which has led to less discretionary spending. This trend is a result of the continued impact of inflation, high interest rates, and increased savings rates, all of which have contributed to decreased footfall in stores and a subsequent reduction in revenue and profit.