REG - Shoe Zone PLC - Trading Update

Shoe ZoneAnnouncement

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RNS Number : 0736V  Shoe Zone PLC  13 August 2025

The information contained within this announcement is deemed to constitute
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Shoe Zone plc

("Shoe Zone" or the "Company")

Trading Update

Shoe Zone announces that for the months of June and July 2025, it experienced
challenging trading conditions, principally a further weakening in consumer
confidence, which has continued following on from the Governments' October
2024 budget announcement, and we have seen less discretionary spend, with the
continued impact of inflation, interest rates and higher savings rates, all of
which have decreased footfall, with a resultant reduction in revenue and
profit.

As a result, the Company now expects adjusted profit before tax for the
financial year ended 27 September 2025 to be approximately £2.5m, down from
previous expectations of £5.0m. In addition, and in light of the above, the
Company is withdrawing its current dividend policy.

Management remain confident with the underlying strategy, with the 200(th) new
format store opening this month. The Company remains debt free and confident
in our cash management, with cash levels currently higher than the same period
last year.

 

For further information please call:

Shoe Zone PLC
                                           Tel: +44 (0)
116 222 3001

Charles Smith (Chairman)

Terry Boot (Finance Director)

 

Zeus (Nominated Adviser and
Broker)
            Tel: +44 (0) 203 829 5000

James Hornigold, David Foreman, Ed Beddows (Investment Banking)

Dominic King (Corporate Broking)

 

About Shoezone

Shoezone is a Town Centre, Retail Park and Digital footwear retailer, offering
low price, high quality footwear for the whole family.

Shoezone operates from a portfolio of 271 stores and has approximately 2,150
employees across the UK.

The store portfolio consists of 74 original high street store and 198 larger
format stores. The new format stores sell additional brands such as Skechers,
Hush Puppies, Rieker and Lilley & Skinner.

shoezone.com combined with the store network, ensures a full multi-channel
offering for great customer service.

During an average year Shoe Zone sells 13.3 million pairs of shoes per annum
at an average retail price of c.£13.00.

 

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