Consumption
Singapore: retail sales down by 52.1% in May
According to the Department of Statistics in Singapore, the country's retail sales fell by 52.1% in May 2020 from May 2019. This was the lowest recorded decline since 1986 when data started to be compiled
Gucci’s ax on wholesale
The luxury brand announced that the multi-brands locations in Italy authorized by Gucci will go from 110 to 38. La Conceria is reporting
Shoe Carnival: second quarter exceeds expectations
The Indiana-based retailer of footwear and accessories provided a business update following the re-opening of its stores amid the global COVID-19 pandemic
COVID-19 pandemic adds to job’s descriptions and fuels new hires
Businessinsider is quoting HR and staffing firm Adecco who confirms that retailers are hiring people to take temperatures and enforce social distancing
50% of luxury firms may be at risk
Daniel Langer, Chief Executive of Luxury, Lifestyle and Consumer Brand Strategy from firm Équité, believes half of the luxury brands around the world will fail to survive the COVID-19 crisis
Buy Less, Buy Better
While we have been encouraged to stop overconsumption for many years now, this pandemic may have created the perfect opportunity for this shift in consumer behaviour to happen. What business tips arise from here?
Retail Re-opening: Impacts on the Global Supply Chain
As the world became global the advantages of access to resources, reducing costs, increasing efficiency and universal reach are undeniable. Nevertheless, in a globalized economy not only gains but also risks spread rapidly
Retail Re-opening: Digital Presence
Digital presence and all that relates to online has been a main trend in the last few years. The shift from in-store to online shopping was boosted during the COVID-19 crisis and it seems to be here to stay
Is your store ready for customers after COVID-19?
As stores start to re-open and we all get used to a new normality, the retailers' activities concerning promoting safety, protection and health measures for employees, customers and suppliers become key
Trends in athletic footwear
Many countries are still under some sort of restrictions that includes the practice of most collective sports and the use of indoor gyms. What is the expected impact in athletic footwear sales?
Retail Re-opening: let's talk about Inventory?
Inventory is a sensitive topic to every business. There is an equilibrium between overstocking, which requires space and investment, and underestimating sales, which directly leads to losses. Nowadays, an effective management of inventory becomes crucial
Germany: VAT cut to stimulate consumption
The value-added tax (VAT) rate on non-food products is being reduced from 19% to 16%, starting from the 1st of July. The measure should be in place for the rest of the year and aims to give a boost to consumption and the economy
Trends of the industry as retail re-opens: Comfort at home
The World Footwear brings you a new Guidebook with Business Tips and Health and Safety Recommendations for Brand Managers and Retailers. Today we will talk about Comfort at Home
Zalando is expecting 2020 revenue to be up by 10%-20%
The online platform issued a new full-year guidance considering the impact of the Covid-19 pandemic and says it expects gross merchandise volume (GMV) and revenues to grow by 10%-20%
Burberry: sales decline by 27% in the last quarter
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%-
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