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Spain Retail: clouds are lifting for retail

Premium ContentJan 19, 2024 / World Footwear Reports
Despite some concerns about inflation, retailers were optimistic about their prospects for the end of 2023, and data on imports at least confirmed a stabilisation in the footwear trade on favourable grounds. Looking at our previous Retail Flash, it’s now safe to say that the clouds are lifting over retail in Spain. On a different note, online fashion has clearly lost the momentum generated during the pandemic

Footwear industry with optimistic expectations for the future

Premium ContentJan 18, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions

South Korean Coupang acquires Farfetch

Dec 19, 2023 / United Kingdom
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off

US online sales to exceed 1.1 trillion dollars in 2023

Dec 5, 2023 / United States
E-commerce sales in the US are on track to exceed 1.1 trillion US dollars in 2023, up by 7% over 2022. But this growth is set to be the weakest since the 2009 recession

LAST CALL!! Join the 9th edition of the World Footwear Business Conditions Survey

Dec 4, 2023 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!

Farfetch’s owner is reportedly considering taking the company private

Nov 30, 2023 / United Kingdom
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company

Second call!! Join the 9th edition of the World Footwear Business Conditions Survey

Nov 24, 2023 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!

Join the 9th edition of the World Footwear Business Conditions Survey

Nov 15, 2023 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. WE WANT TO HEAR YOU!

Japan Retail: footwear trade is not expected to improve until the end of the year

Premium ContentNov 14, 2023 / Japan
Despite some positive news on the growth of department store sales and the return of foreign tourists, rising consumer prices set alarm bells ringing in September, suggesting that Japanese consumers in general are cutting back on spending and may be at their breaking point. In addition, the reduction in the volume of footwear imports and the impact of the country’s monetary policy on the cost of imported goods is another sign that footwear retail is unlikely to improve by the end of the year. The Government has been taking measures, but the outcome shouldn’t be seen until 2024

US Retail: footwear prospects until the end of the year are at a standstill

Premium ContentNov 12, 2023 / United States
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little

Amazon posts robust third quarter

Nov 8, 2023 / United States
The Seattle-based online giant posted a strong performance in the third quarter of 2023, with profits rising significantly to 9.9 billion USD from 2.9 billion USD in the same quarter of 2022

Zalando lowers full year GMV and revenue guidance

Nov 7, 2023 / Germany
Despite confirming its 2023 profits guidance, the online retailer has lowered its GMV and revenue outlook revenue on the “expectation of continued pressure on demand for the rest of the year”

Germany Retail: retailers’ troubles are far from over

Premium ContentOct 20, 2023 / World Footwear Reports
Confidence indicators are a red flag for retail at the moment, especially on the retailers’ side. The slow decline in inflation is likely to have a negative impact on consumer prices in the clothing and footwear segment, which will undoubtedly continue to limit consumers’ purchasing power; even the fall in import prices is not entirely positive news, as it will take time to translate into reality. Only the online channel seems to be more optimistic about the times ahead

Spain Retail: the future of footwear retail is clouded for the rest of the year

Premium ContentOct 10, 2023 / World Footwear Reports
It’s not all bad news. The downward trend recorded by the TCF deflated retail sales index from April onwards remains above last year’s figures, and consumer confidence is about to reach a positive threshold. However, consumer footwear prices show yet no signs of slowing down, and, above all, imports in the category seem to be declining. These two factors could in fact be a warning of a further deterioration in footwear demand in Spain by the end of the year

Zalando: co-CEOs remain at the helm and sustainability and D&I come under the same umbrella

Sep 19, 2023 / Germany
The e-commerce platform announced that the contracts of Robert Gentz and David Schneider as co-CEOs have been extended and that Pascal Brun has been appointed Vice President of Sustainability and Diversity & Inclusion
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