Struggling High Street Chain Shoe Zone Blames Soaring Iran War Costs for Losses as It Holds Fareham Presence

Shoe Zone makes troubling profits admission amid Iran war trading turmoil

Struggling high street chain Shoe Zone blames soaring Iran war costs for losses as it holds Fareham presence

Shoe Zone also blamed slower trading on lack of consumer confidence and the Iran war

Shoe Zone warns over rising costs linked to Middle East war

High street retailer Shoe Zone has warned over the Middle East war pushing up business costs and adding to shoppers’ worries as it reported widening losses.

Shoe Zone closes 39 branches in 'widening losses'

It reported a pre-tax loss of £5.3 million for the six months to March 28

Shoe Zone losses widen as Iran war fallout blamed for tougher trading

The chain, which runs 259 stores, has been shutting shops and is in the process of cutting the size of its warehouse.

Shoe Zone cuts FY forecast as Middle East conflict hits costs

Shoe Zone has lowered its full year profit forecast to an adjusted loss of between £1m and £2m after previously expecting to break even with a £1m profit, citing the impact of geopolitical issues in the Middle East for the downgrade. According to the high street retailer, the conflict has led to higher container and transportation costs, reversing a period of relative stability. Management also pointed to a further weakening in consumer confiden…