Shoe Zone, a footwear retailer, recently experienced a significant cyber attack resulting in unauthorized access to its online systems and data. Upon discovering the breach, Shoe Zone promptly activated its IT security protocols to halt the unauthorized access and engaged specialist third-party consultants to investigate the incident’s scope and implement an effective response plan. The retailer has reported the breach to regulatory bodies such as the Information Commissioner’s Office and the National Cyber Security Centre, ensuring compliance with data protection regulations.
Despite the cyber attack, Shoe Zone’s website remains operational, and the company continues to conduct business with its customers and suppliers. It reassured stakeholders that any potential financial impact from the incident is not expected to be significant. Shoe Zone emphasized its commitment to data security, promising to notify affected individuals as required by applicable regulations and taking the issue seriously.
In its recent half-year financial results, Shoe Zone reported stable adjusted profit before tax at £2.5 million, with total revenue increasing to £76.5 million. Digital revenue saw a notable increase of 19.6%, although store revenue declined by 2.8%. The company adjusted its full-year profit expectations slightly lower to £13.8 million, down £1.4 million, reflecting ongoing challenges amid the cyber security incident and broader market conditions.
