Retail
Authentic Brands Group valued at 12.7 billion US dollars
The retail conglomerate, whose portfolio of brands includes Forever 21 and Barneys New York, is delaying its planned initial IPO and selling major equity stakes in its business
Larger footwear companies are more optimistic about employment
Although COVID-19 is still one of the topics of the moment, most of the experts of the World Footwear Business Conditions Survey believe the coming months will be positive with favourable expectations about the levels of employment in the business
Strong health of the footwear business is expected in the coming months
Although COVID-19 is still dominating most of our conversations and making headlines in the news, most of our panel experts believe that businesses will have a positive evolution. Read about this in our most recent bulletin of World Footwear Business Conditions Survey
Footwear industry is now more optimistic about the future
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of October. Today we bring you a summary of some of the main conclusions
Geox reports solid performance
The Italian brand announced revenue of 463.5 million euros in the first nine months of 2021, which reflects the positive impact of the gradual reopening of stores since the second quarter
Crocs and thredUP partner up
The US-based brand, known for its clogs, has teamed up with the second-hand platform to launch the Clean Out programme. The initiative aims at giving items a second life
Shoe Carnival with most profitable quarter ever
The US-based retailer of footwear and accessories reported record net sales and net income in the third quarter of 2021. The company has updated again its full-year outlook
Yue Yuen with revenue slowdown
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales
UK: consumer spending increases by 14.2%
Despite the backdrop of inflation concerns and rising household bills, overall consumer card spending grew by 14.2% in October, compared to the same period in 2019. The latest update comes from Barclaycard
Germany Retail: too early to claim victory on the retail performance
In recent months, the Textile Retail Index (including Clothing & Footwear) in Germany compares well to the pre-pandemic 2019 data. However, one must remember that 2019 was a terrible year for the German economy. As we write this Retail Flash, the consumer price index for footwear is following the upwards movement of prices in general and retailers are now looking on how to offset higher costs of raw materials and logistics in footwear imported from overseas. That said, it seems too early to claim victory on the retail performance in Germany
Steve Madden with revenue increase
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children has reported revenue of 528.7 million US dollars in the third quarter of 2021
JD Sports acquires Cosmos
The retailer of sports, fashion and outdoor brands acquired 80% of Cosmos Sport S.A. (based in Crete, Greece). Cosmos operates 57 stores in Greece and 3 in Cyprus
Retail take-off in Spain is not clear, despite improvement in confidence
Retail Sales Index in specialized stores in Spain are still some 20 percentage points below the pre-pandemic levels, registered in 2019. Confidence seems to be improving for consumers and retailers, but importers are more cautious. Online continues with a good performance, however, the online share is not enough to push retail up. Developments in the coming months will reveal the way for retail in Spain
US shoppers intend to keep buying shoes online into the holidays
According to the latest poll of likely holiday footwear shoppers from FDRA and Emerson College, most of the respondents intend to purchase online. This trend remains stable from last year
Skechers sales rise
The US-based footwear giant reported a third quarter sales increase of 19.2%, reaching 1.55 billion US dollars, driven by improvements in domestic and international businesses-
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