In light of the fall in value of the pound, Shoe Zone has seen half-year profits decrease by 84%. Much of this was attributed to the rise in buying costs due to said weakened value, with the company being one of many affected by the sharp increase in import costs. Overall profits for the period fell to £309k from £1.9m a year previously. Chief executive of the company, Nick Davis noted "the devaluation of sterling against the dollar has impacted the group's statutory profits in the period.”