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”
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
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
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
The UK-based resale sneaker platform is expanding into European markets by starting to roll out dedicated language websites and introducing a series of currencies
The UK-based luxury platform posted a small drop in revenue in the second quarter of 2023, as compared to the same period of 2022, while profits remain in the red zone since the first quarter
After a strong first quarter, the Seattle-based online retail giant continued its positive trajectory, once again reporting net sales and profit growth in the second quarter of 2023
The UK-based luxury e-tailer has announced that Tim Stone will succeed Elliot Jordan in the role of Chief Financial Officer (CFO), effective from the 1st of September
In this edition of the Business Conditions survey, we asked our panel of experts about their expectations about footwear consumption in 2023. Read the main conclusions here
The growth rate of footwear consumer prices has largely outpaced that of the overall prices. This is not a good sign for the footwear sector, as discretionary items are always the first to be discarded by consumers, but it is not all bad news. The truth is consumer confidence has rebound at the start of the year, private consumption has shown some resilience and the return of tourists is a welcoming sign. Perhaps most surprising is the fact that the volume of imports has not been affected by the weakening of the yen. It remains to be seen how the outlook will unfold
In this edition of the Business Conditions survey, we asked our panel of experts to evaluate the importance of different business-to-business marketing tools for footwear businesses compared to the pre-pandemic period
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding employment in the industry. Read the results here
In an environment of widespread destocking, footwear retail sales have been declining since the start of the year in the US, and despite good news such as a continuous moderation in price increases. The problem remains with the rising consumer price index for all categories, whose decreasing pace is not enough to generate an overall positive impact. Consumers are still attending to more pressing needs, and footwear is not on that list
In the latest edition of the World Footwear Business Conditions Survey, we have asked panel members about their expectation regarding the different retail channels for footwear. Get free access to the report and read its main conclusions
The German-based company challenges its designation as a “Very Large Online Platform”, under Article 33 of the Digital Services Act (DSA), which obliges it to manage systemic risks