World Footwear

Retail

Neiman Marcus partners up with Christian Louboutin

Apr 4, 2023 / United States
The renowned footwear designer created a collection for the summer called ‘A La Piscine’ (‘At the swimming pool in French’) exclusively for the US-based luxury retailer’s customers

Next buys Cath Kidston

Apr 3, 2023 / United Kingdom
The UK-based retailer has acquired the fashion brand Cath Kidston from the administration for 8.5 million British pounds. The deal includes the brand's name and intellectual property, but not its four shops

Shoe retailer Reno declares bankruptcy

Mar 31, 2023 / Germany
Just six months after changing ownership, the Osnabrück-based shoe retailer filed for bankruptcy amid a crisis in Germany’s footwear sector that led to a wave of insolvencies in recent months

UK retail sales volume rose in February despite an unexpected inflation hike

Mar 29, 2023 / United Kingdom
Retail sales volume is estimated to have grown by 1.2% last month, following a rise of 0.9% in January 2023. When compared with the same month a year earlier, sales volumes fell by 3.5%

Japan retail: unlocking consumer confidence is key for retail

Premium ContentMar 24, 2023 / Japan
The volume of footwear imports closed 2022 about 10 percentage points below the 2015 baseline, suggesting that the impact of the imported inflation on prices has been clouding the real performance of retail sales in the category. Both the government and some companies have offered inflation allowances or anti-inflation subsidies, but given the saving Japanese mindset, it can be expected that any additional disposable income will not necessarily be used for discretionary shopping, such as clothing and footwear. To boost consumption, it is therefore needed to unlock consumer confidence, which improved only marginally In February, and appears now to be flattening

Shoe Carnival sales decline

Mar 23, 2023 / United States
The US-based footwear retailer posted a fourth quarter and annual sales decline in 2022 over the prior year, but profits exceeded pre-pandemic levels

Amazon to cut another 9 000 jobs

Mar 22, 2023 / United States
The online retail giant announced that will lay off more 9 000 employees in the coming weeks, on top of the previously announced cuts that began in November and extended into January

Shoe Carnival appoints new CFO

Mar 21, 2023 / United States
The footwear retailer appointed Erik Gast to the role of Chief Financial Officer, effective the 24th of April. He will succeed W. Kerry Jackson, who will retire after a 35-year career with the company

UK Spring Budget fails to meet retailers expectations

Mar 17, 2023 / United Kingdom
British retail bodies believe the Government could have gone further to support businesses with the Spring Budget. No changes were introduced concerning VAT-free shopping, shopping hours or business rates

US discretionary retail sales dropped in February

Mar 16, 2023 / United States
According to Circana (formerly IRI) and the NPD Group, discretionary US general merchandise retail sales fell by 4% last month, year-over-year, and unit sales were down by 5%

US Retail: slower growth for retail in the coming months

Premium ContentMar 14, 2023 / United States
The available data suggests that footwear sales dipped in the last quarter of 2022. With inflation eating the wage growth and impacting the stability of the labour market, US consumers appear to have deemed footwear purchases as not essential. This situation is somewhat corroborated by the negative performances of several companies in the fashion category, such as Capri, Nordstrom and VF Corp, in the fourth quarter of the year. Their main concern relates to the excess inventory, which led to a highly promotional environment and caused imports to reduce. Accounting for the mixed feelings on the consumers’ side, it is safe to endorse cautious prospects for retail for these first months of 2023

Zalando reports slower growth

Mar 9, 2023 / Germany
Amidst a challenging macroeconomic environment, the German-based online retailer posted a GMV growth of 3.2% in 2022, year-over-year, with revenue remaining stable at 10.3 billion euros

Sustainable, please. But not more expensive!

Premium ContentMar 7, 2023 / Business Conditions Survey
Sustainability is on the agenda of most footwear brands. Given such importance, in the latest edition of the World Footwear Business Conditions Survey we have asked our experts if consumers will be willing to pay more for sustainability

Germany Retail: one swallow doesn’t make a summer

Premium ContentMar 6, 2023 / World Footwear Reports
Despite the upturn in consumer confidence observed in the last quarter of 2022, there is still much concern among retailers. Footwear imports are following an upward trend since October, which could be read as a good sign concerning the health of retail, but German businesses are quite familiar with the sensitivity of their consumers to slight changes in overall economic conditions, and inflation is still expected to impact directly sales. Caution seems definitely to be the watchword at the start of 2023

Nigel Darwin: the next chapter for Dune London very much builds on the strength of the chapters that have gone before

Premium ContentFeb 28, 2023 / United Kingdom
The Dune Group is renowned for the authority and authenticity that it brings to the shoemaking process. Founded in 1992, the company has recently started a new chapter under the leadership of Nigel Darwin. We spoke with him to get a sense of what the future holds for the company
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