Retail
Asics plans to further grow in India
The Japan-based sportswear company has reported that India saw the highest growth globally in 2022 due to the post-pandemic running and fitness boom
American Exchange Group acquires White Mountain Footwear
The US-based designer, manufacturer and wholesaler of footwear and accessories has announced the purchase of the women's footwear label for an undisclosed sum
Amazon to lay off just over 18 000 people
The Seattle-based online retailer giant has announced that it will cut more than 18 000 jobs across stores and in People, Experience, and Technology (PXT) groups
Dune London expands retail footprint worldwide
With international sales representing 26% of its total revenue, the British footwear and accessories brand is planning to expand its presence across the Middle East, Asia, and the Americas
British Retail Consortium forecasts low retail sales growth for 2023
According to the British Retail Consortium (BRC), UK retail sales will grow between 2.3% to 3.5% in 2023, with the pace somewhat picking up in the second half of the year
adidas opens first-ever Terrex store in Canada
The company has opened its first Canadian Terrex store in the outdoor hub of Vancouver, Kitsilano, offering access to the full line of its outdoor-specific brand's high-end outdoor gear
Skechers expands presence in Ireland with the opening of a flagship store
The US-based company has opened a flagship store on Dublin's Grafton Street, located in one of Ireland’s busiest districts, to showcase its range of offerings and comfort technologies
Cost of merchandise and raw materials is the main concern of the industry
In the current edition of World Footwear Business Conditions Survey, problems associated with the cost of merchandise and raw materials account for more than 80% of responses relating to the main difficulties felt by the footwear industry
China scraps COVID-19 quarantine for international travellers
Despite the increase of COVID-19 cases in the country this month, China announced that from the 8th of January travellers will no longer be required to quarantine upon arrival on the mainland
UK Boxing Day footfall declines by 15.3% over pre-pandemic levels
On a comparable basis to 2019, UK in-store footfall was down by 15.3% this past Boxing Day, mostly due to rail strikes, travel disruptions and the rising cost-of-living, says RetailNext
Employment in the sector not expected to grow in 2023
According to the perspectives of the most recent edition of the World Footwear Business Conditions Survey, conducted in November, employment in the footwear industry should stabilize or decrease in the next few months
JD Sports sells 15 non-core fashion brands to Frasers Group
The deal, worth 47.5 million British pounds (around 57.6 million USD), will enable the UK-based retailer to focus on the international and digital expansion of its core platforms
Footwear prices to increase 11%
Our panel of experts expects footwear prices to increase over the course of the next six months. This is one of the main conclusions of the World Footwear Business Conditions Survey conducted in November. Read more about it today
Foot Locker reconfigures management team
The US-based retailer has shaken up its leadership team to support growth and improve operational efficiency. Andrew Page is to step down from his Chief Financial Officer role
US consumer confidence hits four-month low
According to the Conference Board's index, confidence among US consumers declined in November to the lowest level since July amid continuing inflation and rising interest rates-
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