World Footwear

Retail

UK Retail: the second quarter might have been the lull before the storm

Premium ContentSep 29, 2022 / World Footwear Reports
Despite a 6 percentage points gain in the TCF (Textile, Clothing, & Footwear) Retail Sales Index in the second quarter of 2022, over the prior one, and a positive trajectory in footwear imports, prospects do not look good for retail. Amidst skyrocketing inflation and the worst consumer sentiment since 1974, the footwear consumer can barely afford further price increases, making the retail volume tilted to the downside. With the threat of a recession from the fourth quarter on, the majority of retailers believe that the cost-of-living crisis will be almost twice as damaging as the COVID-19 pandemic

US holiday sales to grow at a slower pace

Sep 29, 2022 / United States
Due to inflation, US holiday retail sales are likely to increase in the 2022-2033 holiday season at a slower pace than last year. E-commerce might be an opportunity as consumers try to maximize their spending

UK to reintroduce tax-free shopping for international visitors

Sep 26, 2022 / United Kingdom
The UK Government is planning to reintroduce VAT-free shopping for overseas visitors to boost business growth. Luxury and retail sectors have welcomed the measure

US footwear price increases appear to be slowing down

Sep 23, 2022 / United States
Despite rising inflation, data from the Footwear Distributors and Retailers of America (FDRA) suggests that footwear prices are showing some signs of moderating, though slowly

JD Sports remains cautious for the second half

Sep 23, 2022 / United Kingdom
In an interim results announcement for the first half of 2022, the UK-based retailer, which posted a drop of 18% in profits, confirmed its full year outlook despite the macroeconomic uncertainty

Shoe Carnival reports a sales decline

Sep 1, 2022 / United States
The US-based retailer of footwear and accessories posted net sales of 312.2 million US dollars in the second quarter of 2022, which reflects a drop of 6% as compared to the same period of 2021

Amazon's carbon emissions grew in 2021

Aug 26, 2022 / United States
The online retail giant reported an 18% increase year-over-year in planet-warming carbon emissions last year due to the surge in online sales during the COVID-19 pandemic

Zalando confirms full year outlook

Aug 12, 2022 / Germany
As it continues to grow its customer base amidst a challenging macroeconomic environment, the Germany-based online retailer reported expecting to return to growth in the second half of 2022

Steve Madden: consumers are pulling back spend

Aug 11, 2022 / United States
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported a revenue growth in the second quarter of 2022, confirming its full year outlook. Despite that, there are concerns about consumption trends

Rack Room Shoes strengthens merchandising team

Aug 10, 2022 / United States
The US-based retail chain has strengthened its merchant team, promoting Melanie Ortlieb to Senior Director of Planning and Allocation and three senior buyers from the merchandising team

Tapestry announces retirement of COO Tom Glaser

Aug 5, 2022 / United States
The New York based fashion house, owner of brands Coach, Kate Spade and Stuart Weitzman, has also announced Scott Roe is to be appointed to the dual role of CFO & COO of Tapestry

Amazon announces second quarter results

Aug 4, 2022 / United States
The Seattle-based online retail giant reported its second consecutive quarterly loss, but revenue was above analysts' expectations

Elias Gröndal: the European footwear industry will be very strong

Premium ContentAug 1, 2022 / Sweden
Today we spoke with Elias Gröndal, founder and CEO of the online footwear sourcing platform FindSourcing, now Resourced. We discussed some of the main topics impacting the footwear industry at the moment. Watch the video with our conversation

Nordstrom names two new Executive leaders

Jul 21, 2022 / United States
The Seattle-based department store announced the promotion of Deniz Anders to Senior Vice President and Chief Marketing Officer. Nina Barjesteh, a Senior Executive at DICK's Sporting Goods, will join the company as President, Nordstrom Product Group

Athletic footwear sales declined in the first quarter

Jul 20, 2022 / United States
According to the NPD Group retail tracking service, athletic footwear sales in the US decreased by 8.2% from January through March 2022, on a comparable basis to the same period in 2021
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