Sales
H&M with sales increase
The Sweden-based fashion brand Hennes & Mauritz AB announced the results for the third quarter of 2021, running from 1st of June to 31st of August. Sales and profit increased during this quarter as more stores were able to reopen
US: holiday retail sales likely to increase
According to Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 7% and 9% in 2021. E-commerce sales should grow the most
Mytheresa closes the year with strong sales
The German-based luxury e-commerce platform reported net sales increase of 36.1% to 162.4 million euros in the fourth quarter of 2021 and a 36.2% sales jump for the full fiscal year of 2021
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
Sales rebound at Genesco
The Nashville-based footwear group has announced the results for the second fiscal quarter ended on 31st of July 2022.Sales at Genesco increased by 42% from similar quarter last year, which generated revenue of 555 million US dollars
JD Sports raises full-year guidance
The UK-based retail group reported record profit before taxes and exceptional items of 439.5 million British pounds (515.1 million euros) in the first half of the fiscal year ended on the 31st of July. The figure registered is above pre-pandemic levels
Deichmann with sales down by 20%
The Germany-based retailer registered a 20% decline in sales last year, resulting in lost revenue of 1 billion euros at global level. Chairman Heinrich Deichmann told in an interview to Textilwirtschaft
US Retail: a friendly atmosphere for retail
The consumer confidence momentum in the US is in good shape, resulting in the best results achieved in more than a year. Footwear consumer prices have increased significantly since February, and after a long year of deflation this is good news for retailers. As for ecommerce, the post-pandemic normalization is expected to brake the online impetus. However, the expectation is that the upwards online share trend will resume at least at the pre-pandemic ending point
Puma sales reach 1.6 billion euros in Q2
The Germany-based sportswear giant has announced currency-adjusted sales in the second quarter of 2021 increasing by 96% to 1 589 million euros. This compares to 831 million euros in similar period in 2020
Germany Retail: Better confidence with cautious retailers
The confidence background for retail in Germany is getting better, being the improvement noticeable for both consumers and retailers. Notwithstanding, the seasonally adjusted Textile, Clothing and Footwear (TCF) Retail Index has been rather volatile since December, with new decline registered in April, closing about the same 40 percentage points (pp) below the baseline as one year before. Online retail seems to be a winner, once again, and a recent study by McKinsey confirms that the online purchase during COVID-19 for footwear was 61% with a positive net intent of +26 pp to continue to do so after the pandemic
Growth in Romanian retail sales slows down
According to figures from the Bucharest-based National Institute of Statistics (INS) Romania retail sales grew at a softer pace in the month of May
H&M reports profit
Sweden-based fashion brand Hennes & Mauritz AB announced profit for the second quarter around 3.6 billion Swedish Krona (422 million US dollars), growing by 10 billion Swedish krona (1.2 billion US dollars) from the previous period
Ireland: retail sales volumes up by 44%
Retail sales increased by 1.8% in May 2021 when compared to April 2021 on a seasonally adjusted basis. On an annual basis, retail volumes were 44.0% higher than in May 2020. The retail sales figure for May 2021 was 6.8% higher when compared to two years earlier
Nike is the most resold fashion brand in the world
According to a new study conducted by Energy switching site SaveOnEnergy, Nike leads the rank of world’s most resold fashion brands. The site surveyed millions of listings across online resale platforms like eBay, Depop, ASOS Marketplace, Etsy and Vestiaire Collective-
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