Retail
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
France Retail: consumers confidence and footwear retail back to pre-pandemic levels
The increase in French footwear imports from May onwards reflects the reaction of importers following the COVID-19 wave earlier in the year. In the third quarter of the current year, consumers’ confidence and footwear retail figures have shown a return to the pre-pandemic levels. In this scenario, the expectation is that footwear sales could accelerate soon, even before the year ends
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Crocs with another period of record revenue
The US-based brand of casual footwear announced record third quarter revenue of 625.9 million US dollars. Revenue growth was strong in all regions, despite supply chain disruptions
361 with new business update
The Board of the Hong Kong based footwear company has reported growth for the third quarter of the current year. The kids segment presented two digits growth
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news
How robots help in footwear warehouses
This webinar organised by Magazino will focus on the upcoming peak season and the challenges of managing e-commerce and footwear warehouses
New Generation: meet Isabel Henriques da Silva and José Maria Reffois
Isabel and José are the faces behind JAK Shoes. Founders of the OFFICINA Lisboa project, in 2014 the duo created a unisex and sustainable brand. After Porto, a new store was now opened in Lisbon
LVMH reports continued growth
In the first 9 months of 2021, the French-based luxury group had revenue of 44.2 billion euros, up by 46% year-over-year. The Fashion & Leather Goods segment registered exceptional growth
UK: footfall rises in September
Retail footfall in the UK continued to improve in September, narrowing the gap from 2019 to -17.4% from -18.6% in August, countering the downward trend often reported in September-
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