Coronavirus - Covid19
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
Employment picks up in the Brazilian footwear industry
According to data prepared by the Brazilian Footwear Industries Association (Abicalçados), the footwear sector in Brazil generated more than 18 thousand jobs in the first two-months of the year
Retail in Europe takes a big hit in 2020
In a year marked by a global pandemic, words like lockdowns, quarantines, waves of COVID-19, closed retail and restrictions became way too familiar to all of us. Retail was one of the industries with major impacts. Today we look at the numbers for European countries
Brazilian-based Beira Rio to set up factory in Argentina
One of the largest footwear manufacturers in Brazil, Calçados Beira Rio, S.A., plans to install a footwear factory in Argentina. The aim is to produce three million pairs per year
JD Sports Fashion with robust results
The UK-based retail group reported a set of good results for the fiscal year ended on the 30th of January 2021, despite the impact of the pandemic and Brexit
How COVID-19 is impacting the footwear industry in Agra
The local footwear industry had hoped that the pandemic would lose momentum and the expectation was for some recovery in 2021. However, a new pandemic wave is bringing added uncertainty back to the equation
Two digits monthly increase for Yue Yuen' sales
The Chinese footwear giant has announced two digits increase in sales registered in the month of March 2021. The first quarter of the new fiscal year also marked by recovery
New business update from 361 Degrees
The Board of the Hong Kong based footwear company has provided an operational update for its business segments in regards to the group's business for the first quarter of 2021
UK Retail: Christmas upsurge turns into big new dip at the beginning of 2021
As a new wave of COVID-19 struck the UK and a new confinement hit the country after the New Year, retail sales of footwear slowed down again. One interesting fact comes from the indicator of consumer confidence, which is now increasing for two succeeding months. If vaccination in the UK succeeds, footwear sales decline might not persist. The question is what the impact will be for brick and mortar, as this virus seems to have been fatal for many high street players
Italy: expectation is for trade fairs to restart from July onwards
According to Italy’s Industry Minister Giancarlo Giorgetti trade shows should resume its activity in July. The events have been suspended due to the COVID-19 pandemic
Kurt Geiger to open 9 new stores this week
The UK-based retailer has announced it will open nine new stores this week as non-essential retailers in England are allowed to reopen
UBS foresees 80 000 stores closures in the US by 2026
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026
Manufacturers more pessimistic about prices than traders
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of prices in the footwear industry. Find out about their answers today
Asia more optimistic about quantity of footwear sold
In our most recent edition of the World Footwear Business Conditions Survey we have asked our panel of experts about their forecast regarding the evolution of quantities of footwear sold. Find out about their answers today-
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