Retail
Shoezone profits slide as value of its properties decline
UK footwear giant Shoezone reported a drop in profit after the retailer’s 17 stores and properties saw a decline of 2.9 million pounds. The company said its statutory profit before tax dropped from 9.6 million pounds to 6.7 million pounds after it reported a 2.9m pound writedown on the value of its freehold properties. Shoe Zone chief executive...
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