News
Uniqlo owner raises outlook
The Japan-based Fast Retailing posted record profit results in the third quarter of fiscal 2022, with strong performances in every market except for Greater China, raising its outlook in result
Amazon to create more than 4 000 new jobs in the UK
The online retailer giant announced that it is creating more than 4 000 new permanent roles across the UK, which will bring its permanent workforce in the country to 75 000
US labour market powers ahead
Despite recessions fears, the US Bureau of Labour Statistics reported that employers hired far more workers than expected in June. Wages continued to rise at a steady pace
Designer Brands adds Le Tigre to its portfolio of owned brands
The North-American company has entered a licensing agreement with Le Tigre 360 Global. The deal is regarded as another step to double sales of the owned brands category by 2026
Athletic footwear sales declined in the first quarter
According to the NPD Group retail tracking service, athletic footwear sales in the US decreased by 8.2% from January through March 2022, on a comparable basis to the same period in 2021
Aldo Group completes restructuring process
The Canadian-based footwear and fashion accessories group announced that it successfully exited the restructuring process launched in May 2020 when it filed for credit protection amid the COVID-19 pandemic
Online footwear consumption gains share in Spain
The COVID-19 pandemic appears to have given a sustainable boost to e-commerce in the footwear sector, as 2021 was the second-best year in this regard, immediately after 2020
Consumer demand across mobile apps fosters Nike's growth
The US-based sportswear giant attributed the 18% annual revenue growth in its digital business to consumer demand across its mobile apps
Japan Retail: imported inflation troubles retail despite positive signs on consumer mood
Despite positive signs regarding the consumers’ mood, which is leading the BoJ to focus on boosting domestic demand, retailers are facing imported inflation unseen for decades. So, as the yen sinks, it is more accurate to wonder whether Japanese companies’ margins can resist for much longer to fully pass on rising costs to consumers. In addition, the sanctions imposed following Russia’s invasion of Ukraine will certainly take a toll on retail, alongside persistent supply chain disruptions caused by the pandemic, even as the country moves away from those times. Since expenses on energy and food cannot be readily cut, the slack demand for footwear already observed is far from being a surprise
Lockdowns in China hit Burberry's sales
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year
Gucci partners with Ellen MacArthur Foundation
The Italian-based fashion House announced that it became a strategic partner of the Ellen MacArthur Foundation to accelerate its commitments towards a more circular economy
New Generation: meet Carolina Santos from Alameda Turquesa
Alameda Turquesa was created in 2012 by Carolina. What started as a social network 'stunt' quickly gained scale. Alameda's products wined over many international public figures and can be found at Saks and Neiman Marcus, in the US, and at Selfridges, Harrods and Brown Thomas, in the UK
EU and New Zealand conclude talks on free trade agreement
The deal, to which negotiations started in June 2018, is the first one to integrate the EU's new approach of using trade to promote sustainable development
Parent of Hotter Shoes announces partner brands for new platform
The Unbound Group unveiled some brands that will feature in its multi-curated platform for its core demographic aged 55 years old or more. Birkenstock, Geox and Skechers are among them
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