Confidence
UK: consumer spending increases by 14.2%
Despite the backdrop of inflation concerns and rising household bills, overall consumer card spending grew by 14.2% in October, compared to the same period in 2019. The latest update comes from Barclaycard
Germany Retail: too early to claim victory on the retail performance
In recent months, the Textile Retail Index (including Clothing & Footwear) in Germany compares well to the pre-pandemic 2019 data. However, one must remember that 2019 was a terrible year for the German economy. As we write this Retail Flash, the consumer price index for footwear is following the upwards movement of prices in general and retailers are now looking on how to offset higher costs of raw materials and logistics in footwear imported from overseas. That said, it seems too early to claim victory on the retail performance in Germany
Retail take-off in Spain is not clear, despite improvement in confidence
Retail Sales Index in specialized stores in Spain are still some 20 percentage points below the pre-pandemic levels, registered in 2019. Confidence seems to be improving for consumers and retailers, but importers are more cautious. Online continues with a good performance, however, the online share is not enough to push retail up. Developments in the coming months will reveal the way for retail in Spain
France Retail: consumers confidence and footwear retail back to pre-pandemic levels
The increase in French footwear imports from May onwards reflects the reaction of importers following the COVID-19 wave earlier in the year. In the third quarter of the current year, consumers’ confidence and footwear retail figures have shown a return to the pre-pandemic levels. In this scenario, the expectation is that footwear sales could accelerate soon, even before the year ends
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Under Armour appoints Massimo Baratto Chief Consumer Officer
The Baltimore-based company has announced the appointment of Massimo Baratto to the position of Executive Vice President, Chief Consumer Officer
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news
Consumer confidence in the UK hits the lowest point in 2021
Consumer confidence in the UK has returned to pre-pandemic levels, but it has reached its lowest point in 2021 due to inflation and concern over supply chains and empty shelves
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Japan Retail: No Olympic medal for retail sales
June started with some good perspectives as consumer morale in the Japanese market was the strongest in 16 months. However, the retailer’s sentiment is not accompanying, and a new State of Emergency in Tokyo is not promising good news. The Apparel & Accessories (including footwear) Retail Sales Index also suffered from less consumer confidence after March. And with no international visitors going to Japan to attend the Olympics, recovery chances of the retail industry will definitely be impacted
Shoe Carnival announces two-for-one stock split
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock
UK Retail: Anticipating a new Retail Normalcy
With the seasonally adjusted TCF (Textile, Clothing & Footwear) Retail Sales Index successfully resuming the 2018 baseline, a new Retail Normalcy is anticipated. Importers, on their side, have well sensed since February that retail was about to reignite, as depicted by the increase in the monthly footwear imports. As the vaccination process evolves favourably in the UK, Consumer Confidence in the country seems to be unstoppable
Retail in the UK: weekly footfall rises
Footfall in UK retail destinations rose by 0.5% in the week terminating on the 15th of May, which was driven by a footfall rise of 3.9% cent on UK high streets
Spain Retail: depressed retail and online sales gaining share
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist
US consumer confidence rises to one-year high
According to data by the Conference Board, the US consumer confidence reached a one-year high in March, after a modest increase in February. This is the result of more optimism regarding the economy and the labour market-
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