💨 Abstract

Shoe Zone, a major shoe retailer, closed over 30 stores in the past year, resulting in a pre-tax loss of £2.3 million and a 6.5% sales drop. Despite closing stores, digital sales increased by 6.4%. The company plans to renovate 260 shops and expects a pre-tax profit of £5 million for the year, down from previous forecasts due to economic challenges and increasing business costs.

Courtesy: Emily Mee