Shoe Zone suffers lower sales and profits

Shoe Zone saw pre-tax profit fall by 4.5 percent on an annualized basis to £1.9 million (€2.4m-$2.8m) in the six months ended April 2. Revenues dropped by 4.6 percent to £74.6 million (€95.2m-$108.6m). The budget footwear retailer attributed the decline in profit and revenues to the closure of loss-making stores, ...

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