World Footwear

Retail

Shoe Carnival lowers full year guidance

Aug 31, 2023 / United States
Despite seeing an improvement over the first quarter of 2023, the US-based retailer still posted a year-on-year decline in net sales and profits in the second quarter, thus reducing its full year outlook

Foot Locker further reduces its full year outlook

Aug 30, 2023 / United States
As its total sales fell for the second consecutive quarter in the three months to the end of June due to continued weak demand, the US-based retailer lowered again its full year outlook

Britain loses 6 000 retail stores in 5 years

Aug 25, 2023 / Great Britain
New estimates from the British Retail Consortium (BRC) indicate that 6 000 storefronts were lost in the country in five years. The rise in the cost of living has led to short confidence amongst consumers and less spending, experts point out

Zalando's EBIT up by 87% in the second quarter

Aug 14, 2023 / Germany
The German-based online retailer posted an 87% increase in EBIT in the second quarter of the current year from the same period in 2022, despite a slight decline in GMV and revenue

CK Technology is the new owner of Görtz

Jul 26, 2023 / Germany
After a difficult year, the insolvency proceedings of the Hamburg-based footwear retailer have been completed and the company is now owned by Vienna-based CK Technology Solutions

Burberry's flagship store on New Bond Street has reopened

Jul 26, 2023 / United Kingdom
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand

Journeys launches resale programme

Jul 25, 2023 / United States
The footwear retailer, owned by Genesco, has teamed up with the online resale platform thredUP to launch the ‘Journeys Second-Hand’ initiative, aimed at a more environmentally-conscious generation

Shoe Zone raises full year guidance

Jul 24, 2023 / United Kingdom
The UK-based footwear retailer has raised its full year profit guidance for the second time in five weeks, following an “exceptional” sales month in June

Global footwear consumption to increase in 2023

Premium ContentJul 20, 2023 / Business Conditions Survey
In this edition of the Business Conditions survey, we asked our panel of experts about their expectations about footwear consumption in 2023. Read the main conclusions here

Uniqlo's parent company posts revenue growth

Jul 20, 2023 / Japan
The Japanese-based company posted a 21.4% increase in revenue from September 2022 to May 2023, as compared to the same period of last year, highlighting the performance of Uniqlo abroad in the third quarter

Japan Retail: mixed signs cast a shadow over a clear outlook for the rest of the year

Premium ContentJul 18, 2023 / Japan
The growth rate of footwear consumer prices has largely outpaced that of the overall prices. This is not a good sign for the footwear sector, as discretionary items are always the first to be discarded by consumers, but it is not all bad news. The truth is consumer confidence has rebound at the start of the year, private consumption has shown some resilience and the return of tourists is a welcoming sign. Perhaps most surprising is the fact that the volume of imports has not been affected by the weakening of the yen. It remains to be seen how the outlook will unfold

Online Business Marketing Tools gain Importance after COVID-19

Premium ContentJul 18, 2023 / Business Conditions Survey
In this edition of the Business Conditions survey, we asked our panel of experts to evaluate the importance of different business-to-business marketing tools for footwear businesses compared to the pre-pandemic period

Designer Brands appoints Laura Denk as President of DSW

Jul 12, 2023 / United States
The North American company announced the appointment of Laura Denk as President of Designer Shoe Warehouse (DSW) and Executive Vice President of Designer Brands, effective as of the 24th of July

Manolo Blahnik opens its first men's pop-up at Harrods

Jul 12, 2023 / United Kingdom
Until the end of the month, customers can visit the shoemaker's first men's pop-up at Harrods for a sneak peek at the Autumn 2023 collection, along with over 60 models from the current one

Employment in the footwear sector expected to stabilise or decrease

Premium ContentJul 11, 2023 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding employment in the industry. Read the results here
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