Companies
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
Designer Brands reports strong performance
The North-American designer, producer and retailer of footwear and accessories has announced results for the third quarter of fiscal 2021. Comparable sales grew by 40.8%
Skechers launches Our Planet Matters recycled collection
The new collection was designed to help reduce the company’s environmental impact. Skechers has also announced a partnership with the non-profit The Nature Conservancy
Shoe Carnival acquires Shoe Station
Shoe Carnival is buying the family-owned footwear retailer Shoe Station, which operates in five South-eastern US states, for 67 million US dollars. The goal is to expand its customer base
Genesco reports revenue increase
The Nashville-based footwear group has announced net sales increase of 25% in the third quarter of fiscal 2022, reaching 601 million US dollars, as compared to the third quarter of 2021
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
CCC with new quarterly record
The Polish-based footwear group reported record revenue of 452.6 million euros (2.1 billion Poland Zloty) in the third quarter of 2021. Online sales accounted for 45% of total sales
Farfetch partners up with Clipper Logistics
The luxury platform has established a joint venture with the lead provider of e-fulfilment and returns management services to offer a global e-commerce fulfilment solution for luxury brands
New Generation: meet Pedro Pereira
Pedro Pereira represents the second generation of the Portuguese company of woman's footwear Reve de Flo. Having grown up in the world of footwear, he opted to join the company after finishing his studies, where he explored in-depth the industry and its strategic goals
Caleres raises full year outlook
The footwear group reported net sales of 784.2 million US dollars in the third quarter of 2021, as compared to the same quarter of 2020, driven by Famous Footwear business' performance
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
Authentic Brands Group valued at 12.7 billion US dollars
The retail conglomerate, whose portfolio of brands includes Forever 21 and Barneys New York, is delaying its planned initial IPO and selling major equity stakes in its business
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
Lemon Jelly teams up with Ocean Alive
The Portuguese brand has rallied up behind the women-led Ocean Alive’s mission of protecting and preserving the ocean by inviting its customers to positively contribute-
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