Retail
Strong year 2023 for Decathlon
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy
Asos reports a sales decline in the first half of its fiscal year
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January
Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon
Deichmann reports record 2023 revenue
Despite difficult market conditions, the shoe retailer ended 2023 on a strong note. On the back of this successful year, it will invest 324 million euros in 2024 to continue to modernise its business
AAFA announces the leadership of its 2024-2025 Board of Directors
The American Apparel & Footwear Association (AAFA) has announced the renewal of its Board leadership, as well as the addition of 15 new and re-elected Board members
Schuh strengthens executive team
The Genesco-owned footwear retailer has appointed Stephanie Legg as Chief Marketing Officer and Justin Lodge as Chief Digital Officer as part of its efforts to attract younger generations
Macy’s announces fourth quarter and fiscal 2023 results
The US company has posted a year-on-year decline in sales and profits for both the fourth quarter and full year, but said it’s in a better financial position to continue its modernisation strategy
The Athlete’s Foot reports growth in 2023
The speciality footwear and lifestyle retailer has achieved 593 million US dollars in sales in 2023, an increase of 7% as compared to the previous year, amid a challenging retail landscape
Footwear industry leaders meet to address challenges and seize opportunities
This year’s Global Footwear Executive Summit, which will be held at APLF 2024 in Hong Kong on the 20th of March, will address innovations in footwear production, materials and branding strategy
Impact of COVID-19 in the supply chain
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
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
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
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
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-
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