Shoe Zone (GB:SHOE) has released an update.
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Shoe Zone PLC has reported a challenging period with significant cost pressures due to increased container prices and rerouting away from the Suez Canal, compounded by disappointing Spring Summer sales amid unusual weather patterns. Consequently, the company has adjusted its profit before tax forecast for the year ending 2 October 2024 to be at least £10.0 million. These financial updates reflect the current market conditions affecting the company’s operations.
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