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Evening Standard
Evening Standard
Holly Williams

Shoe Zone takes aim at Government policy as profit woes laid bare

Shoe Zone said it would continue to refit and relocate stores over the year ahead (PA) -

Retailer Shoe Zone has hit out at “highly adverse” government policies as it revealed plunging annual profits and warned earnings are set to tumble again due to tough trading.

The high street chain saw its shares drop 22% in morning trading on Tuesday after revealing pre-tax profits slumped by more than two-thirds to £3.3 million in the year to September 27, down from £10.1 million the previous year.

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