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US Retail: bleak prospects amid growing uncertainty
The footwear retail sector is definitely underperforming, especially compared with clothing and accessories. The current trade war between the US and its trading partners is not helping consumers recover from last year’s inflationary crisis. Consumer confidence has fallen by almost 30% in the first four months of the year as people believe that shoe prices may rise significantly again. Against this backdrop, importers are at a standstill, trying to guess the best course of action. Uncertainty is the word that best describes the current situation in the sector
Portuguese footwear exports grow in the first quarter
In the first quarter of 2025, the Portuguese footwear sector exported 20 million pairs of shoes, worth 453 million euros. This represents a 4.9% increase in volume and a 5.4% increase in value, as compared to the same period last year
Keen committed to not raising prices in 2025
The outdoor footwear brand has announced that it will not be implementing any tariff-related price increases for the rest of 2025 in order to support its partners and customers during this period of uncertainty
On reports strong first quarter results
The Swiss sportswear company has reported a strong first quarter, with growth across all channels, regions and segments. As a result, the company has raised its full year net sales outlook
Merrell and Saucony drive growth for Wolverine Worldwide
The US-based outdoor company has reported strong performance in the first quarter, fuelled by double-digit revenue increases for the Merrell and Saucony brands. This highlights the success of its turnaround strategy
Dick’s Sporting Goods to acquire Foot Locker for 2.4 billion USD
Dick’s Sporting Goods has announced that it will acquire Foot Locker for 2.4 billion US dollars. This deal will give Dick’s a major international presence and greater market leverage with brands such as Nike and adidas
Early signs of supply chain disruption from the recent trade war
Import cargo at major US container ports is expected to decline year-on-year for the first time in over a year and a half in May, as the effects of the trade war on the supply chain start to become apparent
Allbirds beats first quarter expectations
The US-based footwear company is confident in its turnaround plans. It delivered a first quarter ahead of expectations and believes it is well positioned to generate “topline momentum” in the second half
Nike shuffles leadership structure
Following Heidi O’Neill’s retirement from her role overseeing consumer, product and brand, the leadership will be divided into three areas. Amy Montagne has been promoted to President of the Nike brand
Tapestry raises full year outlook
The owner of Coach, Kate Spade, and Stuart Weitzman (whose sale is expected to be finalised in the summer) has reported strong performance in the first quarter, raising the outlook for the full year
Grendene gets off to a positive start in 2025
The owner of the Melissa and Ipanema brands posted a positive performance in the first quarter, driven by strong foreign market sales. The company is monitoring the situation with US tariffs, looking for new opportunities
UK Retail: the sector appears to be holding its own
The UK retail sector appears to be holding its own despite fears of increased costs as a result of the new Employment Rights Bill. In particular, retail sales of Textile, Clothing and Footwear (TCF) have risen back-to-back in the first quarter of the year, and the improvement in footwear inflation from negative to neutral in March may suggest a boost to demand. Although consumers aren’t exactly optimistic about the future, especially with new rising bills and the ongoing US trade war, retailers still have reasons to restock
Columbia Sportswear announces first quarter results, withdraws full year outlook
The US-based company reported a satisfactory performance in the first quarter, with growth in all markets except the US and Canada. However, due to uncertainty from global trade policies, it has withdrawn its full year outlook
Puma profits dip in the first quarter
The sportswear company reported a subdued performance in the first quarter, with the adjusted operating profit falling by more than 50% year-on-year due to lower gross profit margins and rising operating expenses
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