The positive signs on the horizon for the footwear retail sector reported in the previous Flash were short-lived. Sales in the first half of the year were not what retailers had hoped for, and the continued stabilisation of shoe prices shows no signs of turning the situation around. Against a negative macroeconomic backdrop, consumer confidence has been downward, and retailers face many challenges, including business closures and labour market instability. Footwear imports have started to fall, pointing to a possible crisis in the sector   

Consulting firm Deloitte forecasts that holiday retail sales will increase between 2.3% and 3.3% in 2024, driven by a projected 7% to 9% growth in e-commerce as consumers continue to shift to online   

With a potential 400 million British pounds price tag, the luxury footwear brand Kurt Geiger is in early talks with Alteri Investors and other bidders after posting record profits despite a challenging luxury market   

Portuguese footwear manufacturer Kayak Storm has achieved GRS (Global Recycled Standard) certification for some of its products. Let’s find out more about a company that has made sustainability a cornerstone of its business   

The Japan-based fashion retailer Fast Retailing has reported “considerable full-year revenue and profit gains” for fiscal 2024, driven by Uniqlo’s performance both at home and abroad