Retail
Spain Retail: concerns grow for retailers after an unexpected fall in sales
While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon
Footwear survey reveals optimistic outlook
The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic
Zalando Co-founder David Schneider steps down from his role as co-CEO
The German-based online retailer has announced that David Schneider will step down from his role as co-CEO to focus exclusively on managing strategic partnerships and brand relationships
UK: Poor weather and early Easter weigh on April retail sales
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
Primark reports strong sales growth in the H1
Associated British Foods (ABF) has reported strong sales growth for Primark in the first half of the year, highlighting that the Christmas season helped to offset the impact of a slow start to the cold season
JD Sports announces acquisition of Hibbett
The British sports retailer has proposed to buy the US sportswear retailer Hibbett for around 1.08 billion USD. The move will allow JD Sports to expand its business in the North American country
Cortume Krumenauer: five generations tannery and an innovative retail concept
Get to know Cortume Krumenauer, a Brazilian-based tannery specialised in the production of vegetable-tanned leather and learn more about their business, which now also includes Sculp Leather Store
US retail sales rise again in March
Retail sales rose by 0.7% in March compared with February (seasonally adjusted), following a 0.9% rise in the previous month, reflecting continued consumer strength
Asos announces stock reduction ahead of target
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target
UK retail sales flat in March
The first quarter was a disappointing one for retailers. The latest figures from the Office for National Statistics (ONS) show that both the value and volume of sales in March were unchanged on the previous month
Strong year 2023 for Decathlon
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy
Asos reports a sales decline in the first half of its fiscal year
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January
Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon-
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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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