News
US Retail: Will retail go back to the trend?
Retail Sales in shoe stores started the year with a decreasing trend, putting an end in some recovery registered in the last months of 2020, especially when the stimulus checks started reaching the households. E-commerce is on an upward cycle, however, is not clear if the net result will be a good one, as its growth is taking place at the expenses of brick and mortar. Once again, as in other geographies already analysed in the past weeks, Consumer Confidence seems to be on a good track, translating the feeling that mass vaccination will knock COVID-19 soon. The question is: will retail go back to the trend?
Tapestry: sales of the group up by 19%
The New-York based house of modern luxury accessories and lifestyle brands, reported results for the fiscal third quarter ended on the 27th of March 2021. Quarter results above expectations with sales up by 19%
Puma with new members to the Board of Management
Germany-based sports company Puma has appointed Hubert Hinterseher as its new Chief Financial Officer and Arne Freundt as its new Chief Commercial Officer starting on the 1st of June
FFANY: in person event planned for the summer
The Footwear Distributors and Retailers of America (FDRA) has announced that FFANY Market Week will take place in person in New York City the week of the 2nd of August 2021
Pre-pandemic footwear consumption levels not reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
Alpargatas to acquire Ioasys
Alpargatas informed the market about the signature of a Memorandum of Understanding with binding effect, with the partners of Ioasys for the acquisition of 100% of its capital
Pandemic has changed consumer habits
London-based data and analysis company YouGov surveyed more than 19.000 consumers in 17 markets worldwide to find out about their shopping behaviours. The main findings were revealed in their latest Fast-Moving Consumer Goods (FMCG) Report 2021
JD Sports with changes at its Board
The UK-based retailer of sports, fashion and outdoor brands, today announced that Andy Rubin has stepped down from the Board as a Non-Executive Director, with effect from the 6th of May 2021
Vans sets sustainability targets for 2030
Vans, a brand of the portfolio of American group VF Corp., has announced a range of sustainability goals which are set to be achieved by 2030
Asics is aiming at reaching a small footprint
After launching the Sunrise Reborn Pack, a new running shoe made from recycled clothing collected in Japan, Asics announced its Earth Day Pack as the brand’s most planet-friendly cross-category collection to date having been created using a circular manufacturing approach
Prada: improvement in retail sales in the second half of 2020
The luxury group has reported progressive improvement in retail sales fuelled by growth in local consumption in the second half of 2020 (all geographies). December Retail trend were above 2019 level, despite a second wave of lockdown, particularly in Europe. Prada also noted a sharp acceleration in online sales
Kristin Harrer is Vans new Global Chief Marketing Officer
As CMO, Kristin Harrer will lead the company’s global marketing and creative teams as Vans continues its brand purpose of empowering creative self-expression in youth culture across action sports, art, music and street culture. The words are from the brand
Zalando launches pre-owned in 7 new markets
After the launch in October 2020 in six European countries, the ecommerce giant has now fuelled the internationalization process of its “Pre-owned” business, by making it available in seven new markets
Pakistan footwear exports with decline of 5.15%
During the first nine months of the current fiscal year, Pakistan exported 13.29 million pairs of footwear, resulting in exports revenue of 98.98 million US dollars. This translates in an increase of 14.97% in volume and a decline of 5.15% in value
Germany Retail: After some successful months, retail took a massive hit by the end of 2020
After the initial hit back in the first months of 2020, the impact of the pandemic in German retail sales seemed to be manageable for most of the year. However, in the last two months of 2020 the plot of the story changed, and with strength. As in other geographies, the bad news for the offline channels has been accompanied by good news for the online. Will this be enough? Most people believe it will not. The good news seems to come from the confidence indicators: consumer pessimism seems to be fading away. And retailers seem to follow. Will confidence beat COVID-19?
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