Retail
UK: shopping patterns return to pre-pandemic levels
A report from Airtime Rewards reveals a strong return to pre-pandemic shopping patterns in the UK, as 3 in 5 consumers were reported to be shopping more than once in high street locations
Minelli sold to the owners of San Marino
Vivarte has concluded the sale of its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, who also purchased the footwear brand San Marino in February 2020
H&M with sales increase
The Sweden-based fashion brand Hennes & Mauritz AB announced the results for the third quarter of 2021, running from 1st of June to 31st of August. Sales and profit increased during this quarter as more stores were able to reopen
US: holiday retail sales likely to increase
According to Deloitte’s annual holiday retail forecast, holiday retail sales are expected to increase between 7% and 9% in 2021. E-commerce sales should grow the most
Mytheresa closes the year with strong sales
The German-based luxury e-commerce platform reported net sales increase of 36.1% to 162.4 million euros in the fourth quarter of 2021 and a 36.2% sales jump for the full fiscal year of 2021
Farfetch publishes the 2020 ESG report
It is the first report published since the announcement of Farfetch’s 2030 sustainability goals, built on its Positively Farfetch strategy. The document highlights the environmental, social and governance initiatives taken so far, and its progress so far
Crocs aims at 5 billion US dollars sales
The US-based brand of casual footwear has announced its long-term strategy for sustainable and profitable growth. Crocs expects its revenue to increase to more than 5 billion US dollars by 2026
Foot Locker completes acquisition of WSS
The New York-based specialty athletic retailer has completed its acquisition of Eurostar, Inc. (WSS), a US-based athletic footwear and apparel retailer that primarily operates on the West Coast
Diane Randolph joins Shoe Carnival's Board of Directors
The retailer of footwear and accessories appointed Diane Randolph to its Board of Directors, effective immediately. The Board will now be composed of 7 directors (5 are independent)
Sales rebound at Genesco
The Nashville-based footwear group has announced the results for the second fiscal quarter ended on 31st of July 2022.Sales at Genesco increased by 42% from similar quarter last year, which generated revenue of 555 million US dollars
Record results for Inditex
In the second quarter 2021, between May and July, the Spanish-based fashion group registered revenue, profit and cash generation with historic highs
JD Sports adds Bert Hoyt as Non-Exec Director
The retailer of sports, fashion and outdoor brands, announced Bert Hoyt has been appointed as a Non-Executive Director. Appointment is in place since the 8th of September 2021
Stuart Weitzman aiming to achieve profitability this year
Tapestry, the US-based group owning Stuart Weitzman, believes the brand will become profitable again in the current fiscal year. A restructuring process of the company is underway
Nordstrom raises fiscal year outlook
The American chain of luxury department stores reported second quarter results, which reflected continued broad-based improvement in sales trends across categories and geographies-
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