United Kingdom
Decathlon launches buyback service in all its UK stores
The sporting goods retailer is expanding its buyback service to all its UK stores. Customers will be given in-store credit for returning products they may have outgrown or no longer use
UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon
UK retail sales fell more than expected in September
According to the Office for National Statistics (ONS), UK retail sales saw a bigger-than-expected decline in September, due to unusually warm weather and the pressures of rising living costs
Partnership between Richemont and Farfetch receives antitrust clearance
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation
Shoe Zone reports full year sales growth
The UK-based retailer reported a 6.1% growth in revenue in its unaudited trading update for fiscal 2023, as compared to the prior year. Its full year profit outlook has also increased
Manolo Blahnik’s sales and profits soared in 2022
The UK-based footwear and accessories brand posted a “record financial performance” in 2022, and thanked its employees by distributing more than 1 million euros in bonuses last November
Portuguese footwear makes its debut at London Fashion Week
The Portuguese-based company Reve de Flo was in the spotlight on the catwalk of the English designer Patrick McDowell at the London Fashion Week
The Burberry Foundation announces programme to support young Ukrainians
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine
Birkenstock is seeking a valuation of up to 9.2 billion USD
The German footwear company officially goes public, setting a value of up to 9.2 billion US dollars at the top end of the price range for its initial public offering (IPO)
Kurt Geiger joins London's Oxford Street
The UK-based footwear and accessories retailer has opened a flagship concept store on Oxford Street, one of the most iconic shopping streets in London
C & J Clark International recorded a decline in sales and profits in 2022
The operating subsidiary of the British footwear retailer Clarks saw its turnover and profits fall last calendar year due to supply chain issues following the COVID-19 pandemic
Coats Footwear collaborates with Lenzing
Coats' footwear division and the Austrian-based producer of cellulose-based speciality fibres have joined forces to create the footwear industry's first synthetic-free engineered uppers and fabrics
Dr Martens to launch a pilot shoe repair service in the UK
The iconic British footwear brand has plans to launch a shoe repair service in the UK next month, with a view to later expanding the service to continental Europe
JD Sports on track to meet full year profit outlook
The UK-based retailer reported in its interim results a strong first half performance, with a 12% year-over-over growth in organic sales, saying it's on track to achieve its full year profit outlook
Primark to close the year with sales growth
Primark's parent company, Associated British Foods (ABF), issued a trading update just before the end of its financial year, anticipating sales growth for both the last quarter and the full year-
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