World Footwear

Retail

UAE: 46% of consumers expect the effects of the pandemic to last another year

Jun 30, 2021 / United Arab Emirates
This is according to a study by Kearney, which also revealed that 73% of consumers have changed their shopping habits to adapt to the new normal, with expenditure on essential items showing a sustained increase, and spending on non-essentials continues to decline

Ireland: retail sales volumes up by 44%

Jun 29, 2021 / Ireland
Retail sales increased by 1.8% in May 2021 when compared to April 2021 on a seasonally adjusted basis. On an annual basis, retail volumes were 44.0% higher than in May 2020. The retail sales figure for May 2021 was 6.8% higher when compared to two years earlier

VF announces year end results marked by growth in the last quarter

Jun 29, 2021 / United States
In the last fiscal year, the company suffered the impacts of the pandemic like many other retailers. However, VF's most recent quarter saw growth in key areas, with revenue growing by 23% in the last three months of the fiscal year

Nike with strong set of results

Jun 28, 2021 / United States
Nike reported fourth quarter revenue totalling 12.3 billion US dollars, up by 96% compared to prior year and increasing by 21% compared to the fourth quarter of 2019. Full year reported revenue increasing by 19% to 44.5 billion US dollars

Mariano Shoes opens physical store

Jun 23, 2021 / Portugal
The footwear brand from São João da Madeira inaugurated a new store in Lisbon. This will be the brand's first retail space, but two more openings are already on the pipeline

Shoe Carnival announces two-for-one stock split

Jun 22, 2021 / United States
The US-based retailer of footwear and accessories announced that its Board of Directors has authorized a two-for-one stock split of the company's common stock

Yue Yuen: revenue increases by 26.6%

Jun 21, 2021 / China
Revenue in the first three months of 2021 increased 26.6% to 2.49 billion, compared to the corresponding period of last year. Profit was 85.4 million US dollars, compared with a loss of 56.3 million US dollars attributable in the same period of last year

Czech Republic retail sales increase

Jun 17, 2021 / Czech Republic
Retail sales in the Czech Republic rose by 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement

Growing retail sales in Bulgaria

Jun 16, 2021 / Bulgaria
According to working-day adjusted data published by the National Statistical Institute (NSI), Bulgaria's retail sales at constant prices increased by 25.9% on the year in April

Mytheresa joins Vestiaire Collective to offer resale service

Jun 14, 2021 / Germany
Luxury e-commerce platform Mytheresa announced a partnership global app Vestiaire Collective. The partnership aims to drive the fashion industry’s shift towards more sustainable practices by introducing a resale service dedicated to Mytheresa’s high-end luxury customers

Foot Locker's first quarter comparable store sales increase by 80.3%

Jun 11, 2021 / United States
The US-based retailer has announced the first set of results for 2021, with first quarter comparable store sales growing by 80.3%. Net income in the period totalled 202 million US dollars

Weyco acquires Forsake brand

Jun 11, 2021 / United States
The Milwaukee-based company announced that it acquired substantially all of the operating assets and certain liabilities of Forsake, a distributor of outdoor footwear

Gap to close 19 stores in the UK and Ireland

Jun 10, 2021 / United Kingdom
The San-Francisco headquartered fashion group said it has plans to close 19 stores in the UK and Ireland next month as part of a restructure process with the aim to return to growth

Fosun Fashion Group to acquire Italian shoemaker Sergio Rossi

Jun 10, 2021 / China
The global luxury fashion group FFG based in China announced it has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial V L.P.

Inditex: sales grow by 50%

Jun 9, 2021 / Spain
Sales of one of the largest fashion groups grew by 50% in the first quarter of 2021 totalling 4.9 billion euros. Online sales in local currencies grew by 67%
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