Confidence
Japan Retail: retail recovery didn't take place and confidence might be endangered if prices go up
The expected retail boost from the Olympic games never took place in Japan, and the retail index is still below the normal pace registered before the pandemic. With the lifting of the State of Emergency things are expected to improve. If retailers are still lacking confidence, consumers seem to have improved their mood. However, with a rising expecting about the growth of prices, this could negatively impact the good mood of consumers and further deteriorate the confidence of retailers
Prices of footwear to continue to increase
There is a rising expectation about the evolution of footwear prices in the coming months. Our experts anticipate prices to continue to rise, as a result of several pressure points impacting the business. Get access to the latest Business Conditions report and find out more today
UK: consumer confidence improved in November
According to the GfK's Consumer Index, consumer confidence in the UK grew by three points in November, on a comparable basis to the previous month, despite concerns over surging inflation
US Retail: the holiday season might not be enough to withdraw the retailer's worries
The Retail Sales Index in the US Shoe Stores has registered a favourable pace between March and August, which could give good perspectives for the near future. However, footwear retail gains are dwindling, closing at only 4 percentage points upside in August, after 11pp above the line in March. On top of that the consumers’ mood is plunging again and with inflation entering a danger zone in the US, retailers have reasons to be worried, especially if footwear prices stay in the upper range for a longer time
Larger footwear companies are more optimistic about employment
Although COVID-19 is still one of the topics of the moment, most of the experts of the World Footwear Business Conditions Survey believe the coming months will be positive with favourable expectations about the levels of employment in the business
UK: consumer spending increases by 14.2%
Despite the backdrop of inflation concerns and rising household bills, overall consumer card spending grew by 14.2% in October, compared to the same period in 2019. The latest update comes from Barclaycard
Germany Retail: too early to claim victory on the retail performance
In recent months, the Textile Retail Index (including Clothing & Footwear) in Germany compares well to the pre-pandemic 2019 data. However, one must remember that 2019 was a terrible year for the German economy. As we write this Retail Flash, the consumer price index for footwear is following the upwards movement of prices in general and retailers are now looking on how to offset higher costs of raw materials and logistics in footwear imported from overseas. That said, it seems too early to claim victory on the retail performance in Germany
Retail take-off in Spain is not clear, despite improvement in confidence
Retail Sales Index in specialized stores in Spain are still some 20 percentage points below the pre-pandemic levels, registered in 2019. Confidence seems to be improving for consumers and retailers, but importers are more cautious. Online continues with a good performance, however, the online share is not enough to push retail up. Developments in the coming months will reveal the way for retail in Spain
France Retail: consumers confidence and footwear retail back to pre-pandemic levels
The increase in French footwear imports from May onwards reflects the reaction of importers following the COVID-19 wave earlier in the year. In the third quarter of the current year, consumers’ confidence and footwear retail figures have shown a return to the pre-pandemic levels. In this scenario, the expectation is that footwear sales could accelerate soon, even before the year ends
LAST CHANCE to join the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views about the current business situation and assess the main impacts of COVID-19. Collection of answers is open until tomorrow
Under Armour appoints Massimo Baratto Chief Consumer Officer
The Baltimore-based company has announced the appointment of Massimo Baratto to the position of Executive Vice President, Chief Consumer Officer
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news
Consumer confidence in the UK hits the lowest point in 2021
Consumer confidence in the UK has returned to pre-pandemic levels, but it has reached its lowest point in 2021 due to inflation and concern over supply chains and empty shelves
Join the 5th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views about the current business situation and assess the main impacts of COVID-19. Join the new edition of the World Footwear Business Conditions Survey. We also want your opinions on the post-pandemic issues. Join today! We want to hear you
Japan Retail: No Olympic medal for retail sales
June started with some good perspectives as consumer morale in the Japanese market was the strongest in 16 months. However, the retailer’s sentiment is not accompanying, and a new State of Emergency in Tokyo is not promising good news. The Apparel & Accessories (including footwear) Retail Sales Index also suffered from less consumer confidence after March. And with no international visitors going to Japan to attend the Olympics, recovery chances of the retail industry will definitely be impacted-
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