Shoe Zone Loses Money

May 11, 2026, 09:48
Middle EastFinance

Introduction

Shoe Zone is losing a lot of money. The company says this is because of wars and problems in the world.

Main Body

Shoe Zone lost 5.3 million pounds in six months. Fewer people are buying shoes. The company closed 19 stores. People have less money because of government rules and the war in Iran. Shipping shoes is now more expensive. Fuel costs more money because of problems in the Middle East. Now, the company thinks it will lose between 1 million and 2 million pounds this year. Shoe Zone is changing its plan. It is closing more stores. It is making its warehouses smaller. The company wants to build new, modern stores by 2027.

Conclusion

Shoe Zone has high costs and low sales. It must close stores and change its money goals.

Learning

πŸ“‰ The 'Money' Words

In this story, we see how to talk about money going up or down. For an A2 student, these patterns are very useful:

1. Losing vs. Costs

  • Losing money β†’ When a company spends more than it makes.
  • Costs more β†’ When the price of something goes up (like fuel).

2. The "Less" and "Fewer" Trick Look at how the article describes things disappearing:

  • Fewer + things you can count (people, stores) β†’\rightarrow Fewer people are buying shoes.
  • Less + things you cannot count (money, time) β†’\rightarrow People have less money.

3. Simple Future Predictions To talk about the future, the text uses: "It will..."

  • It will lose... β†’\rightarrow (A prediction about the money).

Quick Vocabulary Map

  • Warehouses β†’\rightarrow Big buildings for storing things.
  • Modern β†’\rightarrow New and better.

Vocabulary Learning

losing (v.)
to fail to keep or have something, especially money or advantage
Example:The company is losing a lot of money.
million (n.)
a number equal to one thousand thousand
Example:Shoe Zone lost 5.3 million pounds.
store (n.)
a shop where goods are sold
Example:The company closed 19 stores.
expensive (adj.)
costing a lot of money; high price
Example:Shipping shoes is now more expensive.
modern (adj.)
using the latest ideas or technology
Example:The company wants to build new, modern stores by 2027.