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Shoe Zone warns of £1M pre-tax loss amid weak consumer confidence and rising costs.
UK retailer Shoe Zone warns it will report a pre-tax loss of £1 million to £2 million for the year ending October 3, reversing earlier profit expectations.
The company cites weakening consumer confidence, rising costs tied to the Middle East conflict, and recent UK budget measures as key factors.
These pressures have led to lower foot traffic, reduced spending, and a 22% drop in the company's shares.
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Shoe Zone advierte de una pérdida antes de impuestos de £ 1M en medio de la débil confianza del consumidor y el aumento de los costos.