Sales
Footwear sales in the US expected to stabilize and bounce back slightly in 2021
The forecast is from the NPD Group, which estimates that fourth quarter sales are positioned to significantly improve over year-to-date trends
Skechers announces third quarter results
The California-based footwear company reported sales of 1.30 billion US dollars in the third quarter of the year, a 3.9% decrease year-over-year, but a 78.3% increase from the second quarter of 2020
Free shipping will make a difference this holiday
According to NPD's insights, free shipping was identified, for the first time, as the number one factor influencing where consumers decide to shop this holiday in the US. A finding in line with consumers increasing use of online shopping due to the COVID-19 pandemic
Hermès returns to growth
Sales in the third quarter (+7% at constant exchange rates and +4% at current exchange rates) are driven by strong activity in the group's stores (+12% at constant exchange rates), the momentum in Asia and a significant improvement in all other geographical areas
Footwear stores hit hard in Moscow and St. Petersburg
Shoe Intelligence, based on estimations by Moscow-based think tank Evotor, is reporting a 17% plunge in sales of independent footwear stores in Russia in September. Decline is more severe in Moscow and St. Petersburg
Kering overcomes expectations despite 4.3% sales decline
The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance
VF shows signs of recovery with higher than expected results
The owner of brands such as Vans, The North Face and Timberland, registered declining revenue in the second quarter (-18%). Notwistanding, VF's results have surpassed their internal expectations, which is being taken as a positive sign of recovery
Nike's first quarter digital sales up by 82%
Nike’s revenue in the first quarter decreased by 1% totalling 10.6 billion US dollars and was flat to prior year on a currency-neutral basis. The sportswear giant reported first quarter digital sales growing by 82%
Ferragamo with declining revenue
As of the 30th of June 2020 the Salvatore Ferragamo Group reported total revenue of 377 million euros down by 46.6% at current exchange rates (-46.9% at constant exchange rates), which compares to 705 million euros in the first half of 2019
Designer Brands with 42.8% decline in net sales
The US-based footwear retailer formerly known as DSW reported double-digit decline in sales in the first semester as a result of the impact of the COVID-19 pandemic on the consumer behaviour and on the business ever-changing environment
vanHaren to take over 43 Brantano shoe stores
Part of the German Deichmann SE group, one of Europe’s largest shoe retailers, vanHaren has 143 stores in The Netherlands and 16 shops in Belgium, whose network of locations will increase with the acquisition
Caleres: net sales down by 33.4%
The US-based footwear company has registered a decline of 33.4% in net sales in the second quarter of the current fiscal year. Caleres expects the second half of 2020 to continue to be unpredictable
Geox announces first half results
Preliminary consolidated sales in the first half of 2020 amounted to 243.6 million euros, down by 39%. The group's direct e-commerce channel recorded significant growth with more 40% compared with the end of June 2019
Revenue down by 48% at VF
The company announced first quarter results marked by a decline of 48% in revenue. VF took the hit of the COVID-19 pandemic with stores closures at global level
Sales of shoe stores in the US down by 56%
According to data from the USA Census Bureau and the analysis of the WorldFootwear.com, growth of sales of the shoe stores in the US has been on the red since the beginning of year-
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