It has been reported that low cost footwear retailer Shoe Zone expects its full year pre-tax profit to fall in line with its expectations and be slightly ahead of last year.

Shoe Zone said it operated well in the second half of it financial year and expects to announce revenues for the 52 weeks to 1st October of around £160 million in comparison with £166.8 million in the prior year.

The decrease is a reflection of the continued closures of loss making stores, having closed 42 and opened 17 during the period and ending the year with 510 stores.

Chief executive of Shoe Zone, Nick Davis, commented: "I am pleased with the group's performance in the second half of the year, during which we have seen little impact from the EU Referendum while having traded well through the key Back to School period.

“We have now opened three Big Box stores as part of our trial and the early signs are very encouraging. These stores offer customers a different store experience with a wide range of third party brands and the feedback so far has been good.”