ecommerce
Footwear consumption to grow by 9.5% in 2024
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel about their expectations regarding the evolution of footwear consumption in the next year. Learn all about it in this new article
Pressure on the cost of materials continues to rank as the main difficulty for the business
In the latest edition of the World Footwear Business Conditions Survey, 46% of the surveyed experts listed the cost of merchandise and raw materials as the number one difficulty for footwear businesses in the next six months
Farfetch CEO José Neves steps down
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role
Importance of digital retail channels will continue to increase, survey reveals
In the latest edition of the World Footwear Business Conditions Survey, half the experts surveyed said they believe digital retail channels will increase their share in footwear sales in the next three years
Footwear retail prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, panel members revealed their expectations regarding future increases in footwear retail prices. A sentiment influenced by the high inflation recently experienced
Germany Retail: despite some good news, retailers continue to worry
German retailers’ worries are not over. Despite a slight uptrend in the Textile, Clothing, and Footwear (TCF) Retail index, in line with the recent positive trend in consumer confidence indicators, their concerns go well beyond nominal performance and focus on whether inflation will continue to erode margins. Put simply, passing on costs to customers or closing down altogether is still keeping them up at night. As the first quarter is traditionally slow, and the volatile geopolitical situation could change at any moment, we are cautious about making near-term forecasts
Positive perspectives regarding the health of footwear business
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel members about their opinions regarding the health of their businesses in the next six months. Get free access to the report with the main conclusions
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
Employment: stabilisation is the word for the footwear industry
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Spain Retail: clouds are lifting for retail
Despite some concerns about inflation, retailers were optimistic about their prospects for the end of 2023, and data on imports at least confirmed a stabilisation in the footwear trade on favourable grounds. Looking at our previous Retail Flash, it’s now safe to say that the clouds are lifting over retail in Spain. On a different note, online fashion has clearly lost the momentum generated during the pandemic
Footwear industry with optimistic expectations for the future
In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off
US online sales to exceed 1.1 trillion dollars in 2023
E-commerce sales in the US are on track to exceed 1.1 trillion US dollars in 2023, up by 7% over 2022. But this growth is set to be the weakest since the 2009 recession
LAST CALL!! Join the 9th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!
Farfetch’s owner is reportedly considering taking the company private
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company-
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