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Shoe Zone, facing rising costs and lower sales, warns of halved profits and store closures.
Shoe Zone, a UK shoe retailer, is closing some stores due to increased costs from higher national insurance and minimum wage hikes.
The company reported a 2.7% drop in annual sales and expects profits to fall to at least £9.6 million, down from £16.2 million last year.
The profit warning comes amid tough trading conditions and rising inflation, with the company's shares dropping by 49%.
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Zona de calzado, frente al aumento de los costos y la reducción de las ventas, advierte de ganancias a la mitad y cierres de tiendas.