In the first quarter of 2022, TCF (Textile, Clothing & Footwear) Retail Sales Index returned to pre-pandemic levels, showing that it is no longer sensitive to COVID-19. However, its positive behaviour is somewhat puzzling: consumer pessimism continues to plunge, most likely due to the rising inflation, which hit a record 7% in March, placing pressure on manufacturers’ costs. In addition, it is yet early to quantify the impact of Russia’s invasion of Ukraine on European retail markets   

The fashion group posted revenue growth of 36% in the first quarter of 2022, year-over-year, driven by the recovery of in-store footfall and the success of its brands’ collections   

Despite an unfavourable macro environment, the Polish-based footwear group posted revenue growth in the first quarter of fiscal 2022, as compared to the same period of the prior year   

Arklyz announced it is acquiring the Baltimore-based retailer Shoe City and its associated online platform - ycmc.com. With this acquisition, Arklyz expands its portfolio with another Athletic Speciality Footwear & Streetwear Lifestyle Retail Chain   

The Portuguese model and businessman expanded his brand with an Afro-Centric immersive retail experience in the Rockefeller Centre named ARMANDO CABRAL Mercado