Investors put the boot into Shoe Zone share price before late rally

Shares in embattled Leicester-based retailer Shoe Zone fell sharply on Tuesday morning (January 21) trading.
Some 10% was wiped off the value of the company after it reported a slump in profits for the year-ending September 28 2024 from £16.2m to £10.1m.
Revenue fell by 2.7% to £161.3m over the period, with store sales dropping 6.5% due to having 26 fewer shops.
At 10.45am on Tuesday, Shoe Zone shares were changing hands for 90p – down 10p on the day.
However, the share price rallied in the afternoon to close down 5% at 95p.
Its share price has fallen 60% in the last year and were at a three-year low at the start of 2025.
The retailer’s store portfolio includes both high street and larger format stores, which offer a range of brands such as Skechers, Hush Puppies, Rieker and Lilly & Skinner.