World Footwear

Retail

Impact of COVID-19 in the supply chain

Premium ContentMar 5, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, we asked our experts about their opinion on the impact that the COVID-19 pandemic had on the location of footwear production for major international brands

Hoff partners with Newmark Retail to fuel European expansion

Mar 4, 2024 / Spain
The Spanish footwear brand has appointed the strategic retail property advisor Newmark Retail UK & EMEA to support its national and international retail growth strategy

US Retail: it’s all about the prices

Premium ContentFeb 28, 2024 / United States
There are signs that footwear retail sales could rise moderately in the near term, but this will all depend on future price behaviour. On the one hand, the CPI suggests that the risk of renewed price rises is well contained, but on the other hand, retailers continue to manage excess inventories, so their pricing power may not be more evident until 2024. Perhaps better news comes from consumers’ inflation expectations for the next 12 months, as they seem to believe that they will get a break from inflation, which usually leads to more discretionary demand

Footwear consumption to grow by 9.5% in 2024

Premium ContentFeb 22, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel about their expectations regarding the evolution of footwear consumption in the next year. Learn all about it in this new article

UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023

Premium ContentFeb 20, 2024 / United Kingdom
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime

Pressure on the cost of materials continues to rank as the main difficulty for the business

Premium ContentFeb 19, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, 46% of the surveyed experts listed the cost of merchandise and raw materials as the number one difficulty for footwear businesses in the next six months

Importance of digital retail channels will continue to increase, survey reveals

Premium ContentFeb 14, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, half the experts surveyed said they believe digital retail channels will increase their share in footwear sales in the next three years

UK retail sales growth slow in January amid weak demand

Feb 8, 2024 / United Kingdom
UK retail sales slowed in January, rising by just 1.2%, against a growth of 4.2% in January 2023, the British Retail Consortium said, warning that the high cost of living is entering its third year

Footwear retail prices expected to increase

Premium ContentFeb 7, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, panel members revealed their expectations regarding future increases in footwear retail prices. A sentiment influenced by the high inflation recently experienced

Germany Retail: despite some good news, retailers continue to worry

Premium ContentFeb 1, 2024 / World Footwear Reports
German retailers’ worries are not over. Despite a slight uptrend in the Textile, Clothing, and Footwear (TCF) Retail index, in line with the recent positive trend in consumer confidence indicators, their concerns go well beyond nominal performance and focus on whether inflation will continue to erode margins. Put simply, passing on costs to customers or closing down altogether is still keeping them up at night. As the first quarter is traditionally slow, and the volatile geopolitical situation could change at any moment, we are cautious about making near-term forecasts

Macy’s cuts 2 350 jobs

Jan 31, 2024 / United States
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores

Positive perspectives regarding the health of footwear business

Premium ContentJan 30, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel members about their opinions regarding the health of their businesses in the next six months. Get free access to the report with the main conclusions

National Retail Foundation announces new board members

Jan 26, 2024 / United States
The National Retail Foundation (NRF), which is part of the National Retail Federation, has welcomed four new members to its board of directors

Employment: stabilisation is the word for the footwear industry

Premium ContentJan 25, 2024 / Business Conditions Survey
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions

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
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