ecommerce
War on Ukraine to negatively impact footwear
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
Saye forecasts growth for 2022
The brand of sustainable footwear, which posted sales of 5 million euros in 2021, expects to reach revenue of more than 8 million euros this year, on the back of the launch of four new models
Quantity of footwear sold expected to increase
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
Germany Retail: war and inflation raise concerns for retail
Despite the lifting of COVID-19 restrictions in February, the declining trend of the TCF (Textile, Clothing, and Footwear) Retail Sales Index is clear and is aligned with the plunge in consumer confidence. The war in Ukraine and the high inflation are playing a major role in the severe blow inflicted on both consumers’ and retailers’ confidence. Meanwhile, footwear consumer prices have slightly increased in March, and it is foreseeable that companies continue passing on higher costs to consumers in the near future
Employment level to increase in the footwear industry
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
Zalando cuts outlook as macroeconomic conditions worsen
The online retailer revised its guidance for fiscal 2022 due to the deterioration of macroeconomic conditions over the second quarter. EU consumer confidence index decreased further in June
Spain Retail: sales increase in the first quarter despite tricky macro-environment
Following an abrupt drop in consumers’ confidence in March due to the war in Ukraine, on top of an alarming inflationary climate, Spanish consumers appear to regard the current situation as temporary. In fact, retail sales of clothes and accessories have increased by 19.1% in the entire first quarter of 2022, despite less generous discounts thanks to this year’s cost inflation. Margin protection is certainly at the top of retailers’ agenda now. Meanwhile, the online and physical retail are somehow at a truce
Zalando acquires majority stake in Highsnobiety
With the transaction, multi-media global brand Highsnobiety will retain its editorial independence, with creative agency work remaining fully autonomous and management structure unchanged. Founder and CEO, David Fischer retains a minority stake in the business
Strong expectations for the health of footwear businesses
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
UK: online retail growth in freefall in May
The growth of online retail sales fell by 8.7% year-on-year in May in the UK, despite being measured against a negative performance in May 2021 (-6%), as reported by the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers
ASOS appoints new CEO as it warns on profit
The fashion retailer named José Antonio Ramos to the role of CEO and announced that Jgøren Lindemann will become Chair. The company also said that will be expecting lower profits this year
France Retail: retailers’ confidence sank in the first quarter of 2022
Despite the Eurostat TCF (Textile, Clothing and Footwear) suggesting the return of retail to normalcy, there are red signs undermining not only consumers’ confidence, but also the retailers’ one, who before had displayed some insensitivity towards risks. Surging energy prices, inflationary pressure and the war in Ukraine are overshadowing any boost from an easing of COVID-19 restrictions. The subsequent increase in costs does make us wonder why TCF retail is not in the red yet
Amazon Fashion launches Virtual Try-On For Shoes
The interactive mobile experience uses augmented reality to help the customer visualize how a pair of shoes looks from every angle and make better informed purchasing decisions
Farfetch to accept cryptocurrency payments
The luxury e-tailer will enable cryptocurrency payments for private clients on its marketplace in the coming months and then expand to all customers in the US, the UK, and Europe from late 2022
The Athlete’s Foot owner acquires Shoe City
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-
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