Retail
US footwear price increases appear to be slowing down
Despite rising inflation, data from the Footwear Distributors and Retailers of America (FDRA) suggests that footwear prices are showing some signs of moderating, though slowly
JD Sports remains cautious for the second half
In an interim results announcement for the first half of 2022, the UK-based retailer, which posted a drop of 18% in profits, confirmed its full year outlook despite the macroeconomic uncertainty
Shoe Carnival reports a sales decline
The US-based retailer of footwear and accessories posted net sales of 312.2 million US dollars in the second quarter of 2022, which reflects a drop of 6% as compared to the same period of 2021
Amazon's carbon emissions grew in 2021
The online retail giant reported an 18% increase year-over-year in planet-warming carbon emissions last year due to the surge in online sales during the COVID-19 pandemic
Zalando confirms full year outlook
As it continues to grow its customer base amidst a challenging macroeconomic environment, the Germany-based online retailer reported expecting to return to growth in the second half of 2022
Steve Madden: consumers are pulling back spend
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported a revenue growth in the second quarter of 2022, confirming its full year outlook. Despite that, there are concerns about consumption trends
Rack Room Shoes strengthens merchandising team
The US-based retail chain has strengthened its merchant team, promoting Melanie Ortlieb to Senior Director of Planning and Allocation and three senior buyers from the merchandising team
Tapestry announces retirement of COO Tom Glaser
The New York based fashion house, owner of brands Coach, Kate Spade and Stuart Weitzman, has also announced Scott Roe is to be appointed to the dual role of CFO & COO of Tapestry
Amazon announces second quarter results
The Seattle-based online retail giant reported its second consecutive quarterly loss, but revenue was above analysts' expectations
Elias Gröndal: the European footwear industry will be very strong
Today we spoke with Elias Gröndal, founder and CEO of the online footwear sourcing platform FindSourcing, now Resourced. We discussed some of the main topics impacting the footwear industry at the moment. Watch the video with our conversation
Nordstrom names two new Executive leaders
The Seattle-based department store announced the promotion of Deniz Anders to Senior Vice President and Chief Marketing Officer. Nina Barjesteh, a Senior Executive at DICK's Sporting Goods, will join the company as President, Nordstrom Product Group
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
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
US Retail: consumer confidence collapses while footwear retail slowly loses its drive
Despite the declining trend of the monthly shoe store retail sales and persistent macroeconomic headwinds such as supply chain disruptions and the continuous rise of inflation, US companies are displaying some optimism towards the remaining year. That is not the same as saying there is no caution or concerns on the horizon. The pace of the increase in footwear prices is in fact slowing, suggesting that the pressure of demand might be no more at work in the US. The critical point is that consumer confidence collapsed due to inflation and the war in Ukraine, which might restrain consumer spending this year
Spain: price is the main factor consumers look at when doing a purchase
According to the Association for Media Research (AIMC), price was the main factor considered by Spanish when buying clothing and accessories last year, followed by quality and comfort-
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