Retail

2020: UK consumer spending to fall by nearly 200 billion British pounds

Nov 24, 2020 / United Kingdom

Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household

Companies Consumption Coronavirus - Covid19 Retail Sales United Kingdom

Caleres to close 133 Naturalizer stores in US and Canada

Nov 24, 2020 / United States

More than 130 Naturalizer stores in the United States and Canada will be closed by early 2021 as Caleres announces it will adopt a digital sales strategy for the shoe chain

Brands Caleres Canada Companies Footwear Retail Shoes United States

COVID-19 pushes luxury industry to its sharpest fall

Nov 23, 2020 / World

Global sales of luxury goods are expected to fall 23% to 217 billion euros this year, the biggest drop in its history and the first since 2009, due to the consequences of the coronavirus pandemic, consultant Bain & Company estimates

Brands Companies Luxury Retail Sales World

Foot Locker: third quarter marked by sales growth

Nov 23, 2020 / United States

Third quarter comparable-store sales increased by 7.7% and total sales were up by 9.0% in the same period. Notwithstanding the good performance in the last quarter, year-to-date total sales and comparable-store sales are still down

Companies Foot Locker, Inc. Footwear Quarter Results Results Retail Shoes United States

Most profitable quarter reported by Shoe Carnival

Nov 19, 2020 / United States

Shoe Carnival reported net sales of 274.6 million US dollars for the third quarter. Net income was 14.7 million US dollars, 7% up from similar period in 2019. These resulted in the most profitable quarter in Shoe Carnival’s history

Companies Footwear Quarter Results Results Retail Shoe Carnival Shoes United States

CCC launches ship-from-store to customer door within 60 minutes

Nov 11, 2020 / Poland

Customer needs and the threat of renewed brick-and-mortar retail closures in Poland have led the CCC Group to started testing a new service where a product ordered online would be delivered to the customer’s doorstep within 60 minutes

CCC Companies ecommerce Footwear Online Poland Retail Sales

Retail trade turnover in Latvia grows in September

Nov 4, 2020 / Latvia

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that in September 2020 total retail trade turnover rose by 5.9% (compared to similar period in 2019)

Companies Coronavirus - Covid19 Latvia Retail

Puma’s sales and profitability rebound in the third quarter

Nov 2, 2020 / Germany

The sales of the Germany-based sportswear giant rebounded in the third quarter of 2020 and increased by 13.3%. Notwithstanding, Puma remains cautious for the fourth quarter given the evolution of the COVID-19 pandemic

Brands Companies Coronavirus - Covid19 ecommerce Footwear Germany Online Puma Quarter Results Results Retail Shoes Sportswear

Footwear sales in the US expected to stabilize and bounce back slightly in 2021

Oct 30, 2020 / United States

The forecast is from the NPD Group, which estimates that fourth quarter sales are positioned to significantly improve over year-to-date trends

Companies Coronavirus - Covid19 Footwear Retail Sales Shoes United States

Wolverine declares quarterly dividend

Oct 30, 2020 / United States

The Michigan-based footwear group has announced its Board of Directors has declared a quarterly cash dividend of 0.10 US dollars per share of common stock

Brands Companies Footwear Quarter Results Results Retail United States Wolverine Worldwide, Inc.

Free shipping will make a difference this holiday

Oct 27, 2020 / United States

According to NPD's insights, free shipping was identified, for the first time, as the number one factor influencing where consumers decide to shop this holiday in the US. A finding in line with consumers increasing use of online shopping due to the COVID-19 pandemic

Coronavirus - Covid19 ecommerce Footwear Online Retail Sales United States

Footwear stores hit hard in Moscow and St. Petersburg

Oct 26, 2020 / Russian Federation

Shoe Intelligence, based on estimations by Moscow-based think tank Evotor, is reporting a 17% plunge in sales of independent footwear stores in Russia in September. Decline is more severe in Moscow and St. Petersburg

Coronavirus - Covid19 Footwear Retail Russian Federation Sales Shoes

Clarks to close 50 stores

Oct 16, 2020 / United Kingdom

Clarks is expected to go ahead with a Company Voluntary Arrangement (CVA) which can result in the closure of several of its shops in order to secure a capital injection from Hong Kong-based private equity firm LionRock, Sky News reported

Brands Clarks Companies Footwear Management Retail Shoes United Kingdom

Former André stores to be auctioned

Oct 7, 2020 / France

Shoe Intelligence is reporting that 25 former André stores to be auctioned

Acquisitions Bankruptcy Companies Footwear France Retail Shoes

Nike's first quarter digital sales up by 82%

Oct 1, 2020 / United States

Nike’s revenue in the first quarter decreased by 1% totalling 10.6 billion US dollars and was flat to prior year on a currency-neutral basis. The sportswear giant reported first quarter digital sales growing by 82%