Shoe Zone profits down despite sales boost

// Shoe Zone pre-tax profits drop more than 50% despite an uptick in sales
// The footwear retailer posted a 52% drop in pre-tax profits to £1.5m in the 26 weeks to 1 April 2023Shoe Zone has posted a jump in half year sales but saw profits more than halve due to climbing inflationary pressures.
While sales rose 7.9% on 2022, pre-tax profits for the footwear retailer plunged 52% to £1.5m in the 26 weeks to 1 April 2023. When adjusted, pre-tax profit was £2.5m.
The retailer