UK shoe retailer Shoe Zone sees 67% profit drop amid economic pressures, warns of further decline.

Shoe Zone, a UK footwear retailer, reported a 67% drop in pre-tax profits to £3.3 million for the year ending September 27, 2025, down from £10.1 million, citing weak consumer confidence, inflation, rising interest rates, and higher operating costs. The company warned profits could fall to £1 million in the next fiscal year, a 70% decline, amid ongoing economic pressures and a national living wage increase in the November 2025 budget. Store sales fell 10.3% to £113.1 million, and the chain closed 39 stores while opening 11 and upgrading six. Shares dropped 22%, reaching their lowest level in five years.