Shoe Zone has reported widening losses for the first half of the year after weak consumer confidence and global economic uncertainty weighed on trading.

The footwear retailer posted pre-tax losses of £5.3m for the six months to 28 March 2026, compared with losses of £2.2m during the same period last year.

Revenue also fell from £71.4m to £62.9m as the business traded from 19 fewer stores than it did 12 months earlier.

In a statement to the London Stock Exchange, Shoe Zone said it had faced a “very challenging trading environment” against a backdrop of “weak consumer confidence and macro/global economic volatility”.

Digital sales also declined by six per cent during the period.

The retailer said it was in the process of reducing the size of its distribution centre, which is made up of six leases. Shoe Zone plans to exit three of these leases, reflecting its reduced store estate.

The business said the move would “right size” its operations for the future.

Shoe Zone has also cut its full-year guidance. The company had previously forecast adjusted profit before tax of £1m, but now expects to post an adjusted pre-tax loss of between £1m and £2m.

The retailer said trading continued to be “negatively impacted by a further weakening in consumer confidence” following the government’s last two Budget announcements, as well as geopolitical issues in the Middle East.

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