Shoe retailer Stylo has continued to be hit by tough conditions on the high street, announcing today that trading in the four weeks since October 31 had been below expectations.

In a statement Stylo said: “In line with other high street retailers, the company has commenced promotional events across all its stores with positive initial results. The company will continue to be pro-active in its promotional activities where and when appropriate.”

It said that while margins would be affected by promotional discounts, its stock levels were being managed tightly.

In October Stylo posted first half losses after tax of£9.3 million. It also revealed that it would have to slash jobs at the business.