Retail
Kohl's expects sales to increase by two digits in 2021
The US-based retailer has announced they currently expect full year 2021 net sales to increase in the mid-teens percentage range as compared to the prior year. Total revenue declined by 20.1% in fiscal 2020
Crocs: record revenue in 2020
The brand known for its clogs just posted the highest quarterly revenue in its history. Record 2020 revenue of 1.4 billion US dollars increased 12.6% over last year. Digital sales grew 50.2% in 2020 to represent 41.5% of revenue
Peter Foot is leaving Shoe Zone
Shoe Zone announced that Peter Foot, its Finance Director, has left the business with immediate effect
Tod's closes the year with sales down by 30.4%
In fiscal year 2020, Tod's consolidated sales totaled 637.2 million euros, down by 30.4% from 2019. In the fourth quarter of 2020, sales amounted to 184.5 million euros, down by 22.6%. China is already growing in double digits
Shoe Zone expects 24.3% decline in revenue
Ahead of releasing its final results for the 52-week period ended on the 3rd of October 2020, Shoe Zone announces that it expects to report revenue for the period of approximately 122.6 million British pounds, a 24.3% decline from the previous year
Designer Brands: net sales down by 30.1%
The Ohio-based company announced financial results for the three months ended on the 31st of October 2021. Net sales decreased by 30.1% to 652.9 million US dollars in the third quarter of fiscal 2020 compared to the same period last year
UK: footfall from bad to worse
The words are from the British Retail Consortium, and come up as the UK is facing the third lockdown since the outbreak of the COVID-19 pandemic and after a whole month of non-essential stores closed
Boohoo buys several brands from Arcadia
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash
Latvia: major problem is significant drop in demand
According to the Central Statistical Bureau of Latvia there are only a few SME companies producing footwear and they have been operating with no specific limitations. We have spoken with the representatives of the industry to understand the current situation in the country
Shoe Carnival announces preliminary sales with 5.8% growth
The Indiana-based footwear retailer announced preliminary results for the fourth quarter of fiscal year 2020. The company is now expecting to report net sales increasing to approximately 253.9 million US dollars (239.9 million US dollars in Q4 2019)
US Retail: footwear retail sales still below the 2018 average
No matter the seasonal hike in December, with flat retail sales of footwear since June 2020 and 20% lower than the 2018 average, the 1st quarter of 2021 will hardly beat this baseline. Even if one considers the hike in ecommerce, perspectives are not great. On top of that low consumer confidence and uncertainty regarding a full return of shoppers to the high street, add to the gloomy picture of retail in the US
US: steepest contraction in footwear consumption in 60 years
The US, one of the largest footwear markets, is the country registering more positive cases of COVID-19 since the outbreak of the pandemic. We have spoken with Matt Priest, President & CEO of the FDRA, the local footwear association, about the current situation in the country
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states
H&M Group reports sales down by 18%
The Sweden-based fashion group announced net sales amounting to 187 031 million Sweden Krona (22.45 billion US dollars) in the 2020 financial year. In local currencies, net sales decreased by 18%
Asos buys Topshop and other Arcadia's brands
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020-
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