Retail
Future of the footwear industry is uncertain, but the general outlook is positive
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover for the footwear industry in 2021. Access the latest report and get free access to some of the main highlights of the last Business Conditions Survey
H&M falls to loss
The Swedish-based fashion retailer Hennes & Mauritz (H&M) reported a 21% drop in sales and now fell to a loss in the three months to the end of February. The latest restrictions to contain the spread of COVID-19 led to more than a third of H&M stores closed worldwide
Footwear consumption to increase this year, but pre-pandemic levels should not be reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans
Ireland with retail sales recovery in February
Volume of retail sales with positive growth in 10 business groups. The Central Statistics Office confirms the volume of retail sales increased by 13.9% in February
Weyco: net sales down by 35.7% in 2020
The Milwaukee-based footwear group has announced financial results for the quarter and year ended on the 31st of December 2020. Net sales were down by 28.7% in the last quarter of the year. Accumulated loss for the year reached 35.7%
Amazon becomes top apparel retailer in US
According to research conducted by American-based bank Wells Fargo, Amazon has surpassed Walmart as the country's top apparel retailer
Shoe Carnival with record quarterly net sales and net income
The Indiana-based retailer of footwear and accessories reported results for the fourth quarter and fiscal year ended on the 30th of January 2021. Shoe Carnival announced record quarterly net sales, net income and diluted net income per share
Clarks was already in difficulties before COVID-19
The footwear group published its annual report with reference to fiscal year ending on the 1st of February 2020. The results don’t reflect the full impact of the pandemic in the business or the recent change in the ownership
Manufacturing in Pirmasens is ending for Peter Kaiser
New investors were announced for Peter Kaiser. In addition to the current CEO Stefan Frank, a couple of investors join the business: Hans-Joachim and Gisa Sander (husband and wife), founders of cosmetics company Wella. Pirmasens production line to shut down
Revenue down by 26.5% in 2020 at Stella
The group’s consolidated revenue for the year ended on the 31st of December 2020 declined by 26.5% to 1 135 million US dollars, while shipment volumes for the year declined by 26.9% to 43.4 million pairs
2020: more than 17 500 chain store outlets lost in Great Britain
As the COVID-19 pandemic triggered the worst decline on record: more than 17 500 chain store outlets disappeared from high streets, shopping centres and retail parks across Great Britain last year
Clarks: majority stake acquisition completed and new CEO named
The Hong Kong-based private equity firm LionRock Capital has completed its investment in Clarks. The deal, announced back in November, amounts to 100 million British pounds
Germany: retail turnover down by 4.5%
According to provisional data by the Federal Statistical Office (Destatis), turnover in retail trade in January 2021 was lower than in December 2020
H&M sales fall by 21%
In the first quarter of 2021 H&M group’s net sales decreased by 21% in local currencies compared to similar period in the previous fiscal year. The Sweden-based group’s net sales amounted to 40 060 million Swedish Krona in the period-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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