Consumption
UK: 177 000 retail jobs lost in 2020
The Centre for Retail Research found that a total of 176 718 retail jobs were lost in 2020. The same source is predicting a loss of an additional 200 000 jobs in 2021
Spain Retail: After the hit of COVID-19, retail is still trying to recover
Similarly to what happened in other countries, the Textile, Clothing and Footwear (TCF) Retail Sales have lived dramatic moments with the first wave of COVID-19 hitting Spain, one of the European countries with most critical sanitary emergency. TCF sales almost disappeared in April and although the scenario improved from there, one cannot say that recovery materialised completely in the South Europe country
European retail collapses
After registering growth, albeit moderate (1%), in 2019, the European clothing and footwear retail sector is being heavily penalized by the pandemic. Up to September, the cumulative drop in retail sales of the Textile, Clothing and Footwear sectors amounts to 24.4%
Wales enters strict lockdow: non-essential retail to close
The country will enter into a strict nationwide lockdown, especially over Christmas and on the days to follow
UK: ongoing uncertainty is making it harder for businesses to prepare
The alert comes from the British Retail Consortium (BRC), which has also urged consumers to refrain from stockpiling food before Britain leaves the EU on the 1st of January
US shopping app downloads with a record of 2.8 million on Black Friday
According to preliminary estimates by Sensor Tower Store Intelligence, mobile shopping app installation hit a new single-day record on Black Friday, with around 2.8 million downloads, up by nearly 8% year over year
Sales of clothing and footwear down by almost 30% in Mexico
Data is from Servytur's Center for Economic and Trade Studies (CEECS) and highlights a massive hit of the pandemic in the clothing and footwear sales in Mexico. El Heraldo reports
Australia: Retail sales up by 1.4% in October
According to the latest Australian Bureau of Statistics (ABS) Retail Trade figures retail turnover rose by 1.4% in October 2020. Clothing retailing increased by 10.8% in the period, while footwear and other personal accessory fell by 1%
2020: UK consumer spending to fall by nearly 200 billion British pounds
Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household
US: consumer confidence slips in October
Consumer confidence dwindled in October, reflecting less optimism about the jobs market and the US economy in the next six months amid another outbreak of COVID-19 cases, according to the Consumer Confidence Survey by Nielsen
The world’s most expensive cities
Paris and Zurich re-join Hong Kong at the top of the latest ranking of the world's most expensive cities, according to the latest information by The Economist
What drives sales of footwear?
Purchasing power, price, fashion, sustainability and climate are all driving footwear sales. However, how important are each of these in the moment the consumer chooses a new pair of shoes?
Impact of the pandemic on footwear consumption
The consequences of the COVID-19 epidemic were inevitably the special topic of this edition of the World Footwear Business Condition Survey. Today we bring you more details about our Expert's views
China’s Singles Day: Nike reaches record sales in just 60 seconds
Within one minute of Alibaba’s Tmall opening for the first phase of China’s Singles’ Day shopping festival Nike’s turnover surpassed the 100 million renminbi (roughly 12.8 million euros or 15.1 million USD) mark
Europeans have around 773 euros less in 2020 due to COVID-19
The Germany-based market research company GfK has announced the results of the newly released study “GfK Purchasing Power Europe 2020”. This year, the study also includes the Corona Impact Index, which illustrates the impact of COVID-19 on European countries-
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