Retail
Crocs reports record revenue
The US-based brand of casual footwear reaffirms its momentum with record second quarter revenues of 640.8 million US dollars, despite supply chain disruptions. Revenue growth was strong across all regions
Skechers with record quarter sales
The US-based footwear giant has reported second quarter results. Skechers announced sales increasing by 127.3%, as a result of a 147.3% increase in domestic sales and a 113.7% increase in international sales
UK: 17 000 new high street stores could open
New research by Barclays Corporate Banking disclosed that thousands of local high street stores could open across the UK in the next 12 months as consumers adapt to a post-lockdown and are more focused on local shopping
Nordstrom with new Chief Human Resources Officer
The fashion retailer announced Farrell Redwine as its new Chief Human Resources Officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom
North Macedonia: retail continues its recovery
Retail sales in North Macedonia grew by 19.2% year-on-year in May, following a record 23.0% surge in the previous month, according to data released by the State Statistical Office (Makstat)
US Retail: a friendly atmosphere for retail
The consumer confidence momentum in the US is in good shape, resulting in the best results achieved in more than a year. Footwear consumer prices have increased significantly since February, and after a long year of deflation this is good news for retailers. As for ecommerce, the post-pandemic normalization is expected to brake the online impetus. However, the expectation is that the upwards online share trend will resume at least at the pre-pandemic ending point
Zouri and O'Neill are teaming up
The North American brand joins the Portuguese brand to create a line of shoes with 12 unique models, which contain marine waste collected from Portuguese beaches
UK retail sales jump 13.1%
According to the latest release by the British Retail Consortium, in the five weeks running from the 30th of May to the 3rd of July, sales increased by 13.1%
Germany Retail: Better confidence with cautious retailers
The confidence background for retail in Germany is getting better, being the improvement noticeable for both consumers and retailers. Notwithstanding, the seasonally adjusted Textile, Clothing and Footwear (TCF) Retail Index has been rather volatile since December, with new decline registered in April, closing about the same 40 percentage points (pp) below the baseline as one year before. Online retail seems to be a winner, once again, and a recent study by McKinsey confirms that the online purchase during COVID-19 for footwear was 61% with a positive net intent of +26 pp to continue to do so after the pandemic
Growth in Romanian retail sales slows down
According to figures from the Bucharest-based National Institute of Statistics (INS) Romania retail sales grew at a softer pace in the month of May
Singapore's retail sales rise 79.7%
Retail sales in the Asian country rose by 79.7% in May, with the growth due to the low base in the same period last year when physical stores were closed during the initial dissemination of the pandemic COVID-19
Australia: retail records steady rise
According to the Australian Bureau of Statistics, retail sales in the country in May were up by 0.4%. This updates the 0.1% rise from the Preliminary Retail Trade release and represents an increase of 7.7% compared with May 2020
H&M reports profit
Sweden-based fashion brand Hennes & Mauritz AB announced profit for the second quarter around 3.6 billion Swedish Krona (422 million US dollars), growing by 10 billion Swedish krona (1.2 billion US dollars) from the previous period
Slovakia: economic sentiment increases in June
According to Bratislava-based Slovak Statistical Office (SÚSR) the country’s economic sentiment increased in June, after a partial deterioration last month, was slightly more optimistic than a month ago-
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