Shoe Zone issues profit warning as chief executive exits

Shoezone 2019

Shoe Zone chief executive Nick Davis has resigned from his role as the retailer warns that full-year profits will be below expectations due to “tough high street trading”.

The budget footwear specialist said Davis, who has acted as chief executive for the last three years, has tendered his resignation to “pursue other business interests”.

He will be succeeded by executive chairman Anthony Smith, who will take on the role on a permanent basis, while current chief operating officer Charles Smith acts as executive chairman on an interim basis.

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