World Footwear

Sales

Revenue down by 14.1% at Wolverine

Feb 16, 2021 / United States
The Michigan-based footwear giant has announced third quarter revenue down by a two digits rate. E-commerce revenue grew by 56.4% in the period. Management expects return to meaningful growth to take place in the first quarter of FY 2021

Sam Edelman debuts new slipper collection

Jan 29, 2021 / United States
Designed bearing in mind the customers changing lifestyle, Sam Edelman is presenting a collection of seven styles featured in an array of luxe faux fur, soft knit, faux shearling and satin materials

How is COVID-19 impacting the footwear industry in different countries?

Premium ContentJan 26, 2021 / World
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open

Canada: Chapter 11 is a big issue for manufacturers

Premium ContentJan 22, 2021 / Canada
We spoke with Denis Falardeau, President of the Shoe Manufacturers’ Association of Canada to learn more about the current situation in the country driven by the COVID-19 pandemic. Companies filling Chapter 11 is a big issue at the moment, according to him

Prada’s December retail sales return to 2019 levels

Jan 13, 2021 / Italy
Progressive volume recovery in all geographical areas, with marked revenue growth in Asia Pacific was underlined by the luxury group brand

2020 should be Crocs' best year

Jan 13, 2021 / United States
The brand of casual footwear for women, men, and children, known by its clogs, raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%

Genesco: comparable sales decreased by 3%

Jan 12, 2021 / United States
The company reported that comparable sales, including both stores and direct sales, decreased by 3% for the quarter-to-date period ended on the 26th of December 2020. Same store sales decreased by 14% and sales for the company's e-commerce businesses increased by 49%

European retail collapses

Premium ContentDec 18, 2020 / Europe
After registering growth, albeit moderate (1%), in 2019, the European clothing and footwear retail sector is being heavily penalized by the pandemic. Up to September, the cumulative drop in retail sales of the Textile, Clothing and Footwear sectors amounts to 24.4%

Australia: Retail sales up by 1.4% in October

Dec 10, 2020 / Australia
According to the latest Australian Bureau of Statistics (ABS) Retail Trade figures retail turnover rose by 1.4% in October 2020. Clothing retailing increased by 10.8% in the period, while footwear and other personal accessory fell by 1%

Caleres: sales down by 18.3%

Dec 8, 2020 / United States
The US-based footwear group has announced results for its third quarter, marked by a decline of 18.3% in net sales. Declines registered in all segments, except for the online business

Under Armour with flat quarter's revenue

Dec 7, 2020 / United States
The Baltimore-based giant has reported third quarter results, marked by flat revenue at 1.4 billion US dollars, driven by growth in the international business and e-commerce

Arcadia declines emergency loan offer from Frasers Group

Nov 30, 2020 / United Kingdom
The owner of several high street retailers, Arcadia, have declined a 50 million British pounds (55.8 million euros) emergency loan offer from Mike Ashley’s Frasers Group, the retail group formally known as Sports Direct

UK Retail: recovery starts to dissipate

Premium ContentNov 26, 2020 / United Kingdom
The summer brought a breath of fresh air into the UK footwear market after the COVID-19 hit. After the collapse caused by the first wave of the pandemic, Textile, Clothing & Footwear (TCF) Retail Sales have been recovering from April through September. However, the second wave striking in October led TCF retail sales to the downside, closing now 18 pp in the red.

Nordstrom: digital sales account for 54% of total business

Nov 25, 2020 / United States
The company has announced third quarter results marked by declining net sales from last year. The expansion of some online services might have driven digital business, which now accounts for 54% of total

2020: UK consumer spending to fall by nearly 200 billion British pounds

Nov 24, 2020 / United Kingdom
Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household
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