Shoe Zone’s FY25 trading update confirms FY adj. PBT is broadly in-line with guidance given during August (see research). Good yoy growth in Digital sales (+2.3%) was, as expected, offset by lower retail footfall, reduced discretionary spending and a decreasing store estate as management execute on its store transformation strategy. These factors contributed to a 7.6% decrease in Group revenue to £149.1m, which when combined with increased promotional activity in H1, higher container prices earl ....
