Consumption
Singapore's retail sales rise 79.7%
Retail sales in the Asian country rose by 79.7% in May, with the growth due to the low base in the same period last year when physical stores were closed during the initial dissemination of the pandemic COVID-19
Australia: retail records steady rise
According to the Australian Bureau of Statistics, retail sales in the country in May were up by 0.4%. This updates the 0.1% rise from the Preliminary Retail Trade release and represents an increase of 7.7% compared with May 2020
Slovakia: economic sentiment increases in June
According to Bratislava-based Slovak Statistical Office (SÚSR) the country’s economic sentiment increased in June, after a partial deterioration last month, was slightly more optimistic than a month ago
Croatia retail sales jump in May
Croatia's retail sales volume grew by an annual 16.5% in real terms in May, after rising by 34.4% in April, the Croatian Bureau of Statistics (Crostat) confirmed, quoting working-day adjusted figures
Retail sales grow in Latvia
Latvia's retail sales increased in May, according to the Riga-based Central Statistical Bureau (CSB). Retail sales grew, calendar-adjusted, by 3.2% year-over-year in the month under analysis
UAE: 46% of consumers expect the effects of the pandemic to last another year
This is according to a study by Kearney, which also revealed that 73% of consumers have changed their shopping habits to adapt to the new normal, with expenditure on essential items showing a sustained increase, and spending on non-essentials continues to decline
Italy talks about tentative recovery for exports in the first quarter
According to data by Confindustria Moda Research Centre for Assocalzaturifici. The footwear industry in Italy raised exports, in value terms, by 3% in the first quarter of the current year. These are still quite below pre-COVID levels, the Italian Association underlines
UK Retail: Anticipating a new Retail Normalcy
With the seasonally adjusted TCF (Textile, Clothing & Footwear) Retail Sales Index successfully resuming the 2018 baseline, a new Retail Normalcy is anticipated. Importers, on their side, have well sensed since February that retail was about to reignite, as depicted by the increase in the monthly footwear imports. As the vaccination process evolves favourably in the UK, Consumer Confidence in the country seems to be unstoppable
Gen Z: savvy digital shoppers
A new research by Sitecore "What makes Gen Z shopper tick since the pandemic" reveals that 64% of them want to keep buying mainly online
Pre-pandemic footwear consumption levels not reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
Pandemic has changed consumer habits
London-based data and analysis company YouGov surveyed more than 19.000 consumers in 17 markets worldwide to find out about their shopping behaviours. The main findings were revealed in their latest Fast-Moving Consumer Goods (FMCG) Report 2021
The Netherlands: retail turnover up by 6%
According to the Statistics Netherlands (CBS), the Dutch retail sector recorded 5.9% year-on-year turnover growth in March 2021. Turnover in the non-food sector was up slightly, while the food sector suffered turnover losses
Spain Retail: depressed retail and online sales gaining share
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist
US consumer confidence rises to one-year high
According to data by the Conference Board, the US consumer confidence reached a one-year high in March, after a modest increase in February. This is the result of more optimism regarding the economy and the labour market
Footwear consumption in the US not keeping pace with the rest of the world
In the fourth edition of our Business Conditions survey, we questioned our panel members about their perspectives regarding the evolution of the consumption share of the US in the global market. Found out about their conclusions-
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