Retail
Zalando's EBIT up by 87% in the second quarter
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
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
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
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
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
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
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
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
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
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
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
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
JD Sports to take full control of the Iberian Business
The UK-based retailer intends to buy the remaining 49.98% shares in the Iberian Sports Retail Group (ISRG) for 500.1 million euros, thereby acquiring 100% ownership
US Retail: distressing times for footwear retail
In an environment of widespread destocking, footwear retail sales have been declining since the start of the year in the US, and despite good news such as a continuous moderation in price increases. The problem remains with the rising consumer price index for all categories, whose decreasing pace is not enough to generate an overall positive impact. Consumers are still attending to more pressing needs, and footwear is not on that list
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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