SHOE Zone has lowered its profit forecast for the financial year to US$12.8 million, citing high shipping costs and bad weather, reports London's Daily Mirror.
Initially expecting $20, the company faced rising container prices due to Suez Canal disruptions and unseasonal weather impacting spring-summer sales.
Increased wages also added to costs. The UK's cold and wet weather in April, led to reduced footfall, further exacerbated the situation.
SeaNews Turkey
Initially expecting $20, the company faced rising container prices due to Suez Canal disruptions and unseasonal weather impacting spring-summer sales.
Increased wages also added to costs. The UK's cold and wet weather in April, led to reduced footfall, further exacerbated the situation.
SeaNews Turkey
