Shoezone reports profit decline amid challenging fiscal environment

UK-based footwear retailer Shoezone has reported a significant reduction in profitability for the financial year, citing a downturn in consumer confidence following the October 2024 budget and adverse fiscal policies. Profit before tax fell to 3.3 million pounds (4.4 million dollars) from 10.1 million pounds in 2024, while adjusted profit before tax reached 2.4 million pounds.