Shoe Zone share price takes a kicking on back of profit warning
Shoe Zone’s share price has slumped following the news on Friday (30 August) that the firm’s CEO Nick Davies is stepping down.
Shares were trading at 134p by the close of markets on Friday, down over 30% on their closing price on Thursday.
The news comes after the firm warned that trading conditions since its interim results on 21 May 2019 have been “challenging”. The company has warned that it expects to deliver a full year performance below its expectations.
Shoe Zone also says it has suffered a £3.1m write down on its 17 freehold properties.
