Retail
Dr. Martens closes the year growing
The iconic footwear brand Dr Martens sold 12.1 million pairs of shoes in the 12 months ending on the 21st of March 2021, an increase in volume of 14.4% compared to the previous business year
Israel bans sale of fur in the fashion industry
Israel has announced that it has banned the sale of fur in the fashion industry, promoted by Environmental Protection Minister Gila Gamliel. The decision will go into effect in six months, making Israel the first country to prohibit the usage of this material in the fashion industry
Croatia retail sales jump in May
Croatia's retail sales volume grew by an annual 16.5% in real terms in May, after rising by 34.4% in April, the Croatian Bureau of Statistics (Crostat) confirmed, quoting working-day adjusted figures
Retail sales grow in Latvia
Latvia's retail sales increased in May, according to the Riga-based Central Statistical Bureau (CSB). Retail sales grew, calendar-adjusted, by 3.2% year-over-year in the month under analysis
UAE: 46% of consumers expect the effects of the pandemic to last another year
This is according to a study by Kearney, which also revealed that 73% of consumers have changed their shopping habits to adapt to the new normal, with expenditure on essential items showing a sustained increase, and spending on non-essentials continues to decline
Ireland: retail sales volumes up by 44%
Retail sales increased by 1.8% in May 2021 when compared to April 2021 on a seasonally adjusted basis. On an annual basis, retail volumes were 44.0% higher than in May 2020. The retail sales figure for May 2021 was 6.8% higher when compared to two years earlier
VF announces year end results marked by growth in the last quarter
In the last fiscal year, the company suffered the impacts of the pandemic like many other retailers. However, VF's most recent quarter saw growth in key areas, with revenue growing by 23% in the last three months of the fiscal year
Nike with strong set of results
Nike reported fourth quarter revenue totalling 12.3 billion US dollars, up by 96% compared to prior year and increasing by 21% compared to the fourth quarter of 2019. Full year reported revenue increasing by 19% to 44.5 billion US dollars
Mariano Shoes opens physical store
The footwear brand from São João da Madeira inaugurated a new store in Lisbon. This will be the brand's first retail space, but two more openings are already on the pipeline
Shoe Carnival announces two-for-one stock split
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock
Yue Yuen: revenue increases by 26.6%
Revenue in the first three months of 2021 increased 26.6% to 2.49 billion, compared to the corresponding period of last year. Profit was 85.4 million US dollars, compared with a loss of 56.3 million US dollars attributable in the same period of last year
Czech Republic retail sales increase
Retail sales in the Czech Republic rose by 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement
Growing retail sales in Bulgaria
According to working-day adjusted data published by the National Statistical Institute (NSI), Bulgaria's retail sales at constant prices increased by 25.9% on the year in April
Mytheresa joins Vestiaire Collective to offer resale service
Luxury e-commerce platform Mytheresa announced a partnership global app Vestiaire Collective. The partnership aims to drive the fashion industry’s shift towards more sustainable practices by introducing a resale service dedicated to Mytheresa’s high-end luxury customers
Foot Locker's first quarter comparable store sales increase by 80.3%
The US-based retailer has announced the first set of results for 2021, with first quarter comparable store sales growing by 80.3%. Net income in the period totalled 202 million US dollars-
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