World Footwear


Partnership between Richemont and Farfetch receives antitrust clearance

Oct 24, 2023 / United Kingdom
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation

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

Spartoo posts an improvement in EBITDA

Oct 13, 2023 / France
In the first half of the year, amidst a challenging macroeconomic environment, the French-based retailer reported a decline in GMV and sales, but an improvement in its profitability

France Retail: the retail boat is sitting on the water waiting for the wind to pick up

Premium ContentOct 2, 2023 / France
After a somewhat mixed performance over the summer, highly impacted by short-lived events such as the postponement of sales due to the riots or August’s heatwave, some signs suggest that retail in France could improve next year. Consumers seem to be less pessimistic about rising prices and their personal financial situation. But it all comes down to the trajectory of inflation, and whether food and energy prices will effectively ease until the end of the year

Sneaker resale marketplace Laced expands to Europe

Sep 13, 2023 / United Kingdom
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

Farfetch remains optimistic despite stumbles in the second quarter

Aug 29, 2023 / United Kingdom
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

Amazon reports solid second quarter

Aug 29, 2023 / United States
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

Zalando's EBIT up by 87% in the second quarter

Aug 14, 2023 / Germany
The German-based online retailer posted an 87% increase in EBIT in the second quarter of the current year from the same period in 2022, despite a slight decline in GMV and revenue

Japan Retail: mixed signs cast a shadow over a clear outlook for the rest of the year

Premium ContentJul 18, 2023 / Japan
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

Zalando files lawsuit against the European Commission

Jun 30, 2023 / Germany
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

Asos returns to profitability

Jun 23, 2023 / United Kingdom
Despite a third quarter revenue decline, the UK-based online retailer returned to profitability, saying that its turnaround strategy is starting to work. This led Frasers to increase its stake in the company

Germany Retail: a bleak horizon for both the physical and online retail

Premium ContentJun 12, 2023 / World Footwear Reports
Consumers seem to have definitely pulled the rug out from under footwear companies, as can be seen by the wave of insolvencies observed in the footwear sector in recent months, in addition to the store closures recorded in 2022. And the online channel is having no better luck, with sales progressively losing the momentum of the positive results recorded in the summer of last year. Overall, the future of retail looks set to remain a little gloomier in the coming months

Asos shares rise on reports of a takeover bid by Alibaba-backed Turkish rival

Jun 7, 2023 / United Kingdom
This news came after the fast fashion retailer's downgrade from London's FTSE 250 index of mid-sized companies, which reflects its declining performance in the post-pandemic period

France Retail: prospects for the clothing and footwear sectors are still far from positive

Premium ContentMay 29, 2023 / France
The stabilization of the pattern of weakening French consumer confidence in the first quarter of the year cannot mask the pessimism that is still being felt in the country, especially in the context of social unrest. Moreover, in this reality of high inflation, neither do price increases hide the contraction in volumes sold nor is it possible to ignore the difficulties faced by companies more exposed to the domestic market due to increased operating costs (rents and energy) or even the stagnation of the online channel. Retail prospects for the clothing and footwear sectors are, therefore, still far from positive

Zalando launches virtual fitting room pilot

May 4, 2023 / Germany
The German-based e-tailer is piloting a virtual fitting room experience with millions of customers across its 25 markets to better understand how they engage with this new technology
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