Footwear
US: high levels of inventory worry retailers
Retailers overestimated consumer demand when making inventory decisions for 2022. Now, they are expecting that holidays and back-to-school shopping will help them ease the pressure
Spain Retail: sales increase in the first quarter despite tricky macro-environment
Following an abrupt drop in consumers’ confidence in March due to the war in Ukraine, on top of an alarming inflationary climate, Spanish consumers appear to regard the current situation as temporary. In fact, retail sales of clothes and accessories have increased by 19.1% in the entire first quarter of 2022, despite less generous discounts thanks to this year’s cost inflation. Margin protection is certainly at the top of retailers’ agenda now. Meanwhile, the online and physical retail are somehow at a truce
JD Sports doubles profit
The retailer posted a record profit before tax and exceptional items in fiscal 2022, as well as revenue growth of 38%, year-over-year, reaching 8.56 billion British pounds (9.95 billion euros)
Hoka unveils global marketing campaign
The division of Deckers Brands launched the global platform Fly Human Fly to invite runners of all abilities to experience running as an experience of joy, optimist and limitless possibilities
Italian footwear industry appeals for aid
Italian manufacturers struggle with high levels of inventory as the war in Ukraine continues, hurting badly businesses. Assocalzaturifici renews appeal to the Italian Government for aid
Gap and Athleta invest in the footwear and apparel start-up Saysh
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix
Strong expectations for the health of footwear businesses
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts
More than 8 000 visitors at the latest edition of Expo Riva
Under the umbrella of innovation and sustainability, the 97th edition of Expo Riva Schuh & Gardabags attracted more than 8 000 visitors from 103 countries and exhibitors from over 41 countries
Kohl’s in talks to be bought by Franchise Group
The American-based department store chain has entered into exclusive negotiations with Franchise Group for a period of three weeks. Franchise proposed to acquire the retail chain for 60 US dollars per share
Argentina: SME retail sales dropped in May
Retail sales from small and medium businesses fell by 3.4% in May, year-over-year, and by 8.9%, as compared to April. Price and cost increases affected profitability and consumer’s confidence
Roberto Massardi is Prada's new Chief Business Development Officer
The Italian luxury brand appointed Roberto Massardi as chief business development officer in May. Mr. Massardi will be responsible for the strategic development of the group
France Retail: retailers’ confidence sank in the first quarter of 2022
Despite the Eurostat TCF (Textile, Clothing and Footwear) suggesting the return of retail to normalcy, there are red signs undermining not only consumers’ confidence, but also the retailers’ one, who before had displayed some insensitivity towards risks. Surging energy prices, inflationary pressure and the war in Ukraine are overshadowing any boost from an easing of COVID-19 restrictions. The subsequent increase in costs does make us wonder why TCF retail is not in the red yet
ABL Group acquires sneaker brands Tonakai
The Italian producer of leather goods, owner of the Rebelle handbag brand, has acquired 80% of Tonakai, the fashion sneaker brand founded by Francesco Renna
Amazon Fashion launches Virtual Try-On For Shoes
The interactive mobile experience uses augmented reality to help the customer visualize how a pair of shoes looks from every angle and make better informed purchasing decisions-
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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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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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