Retail
Weyco acquires Forsake brand
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
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
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%
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%
Singapore retail sales up by 54%
Retail sales in the country surged by 54% in April on a year-on-year basis, compared with a revised 6.3% increase in March, according to data by the Singaporean Department of Statistics (SingStat)
Ara restructures its retail divisions
The Germany-based footwear group has announced a new umbrella brand, Salamander & friends, to join the retail activities of subsidiaries Salamander Germany, Schuhhaus Klauser and of Salamander International
UK: footfall improves as restrictions ease
According to what has been revealed by the British Retail Consortium (BRC), in the four weeks period running from the 2nd to the 29th of May, total UK footfall decreased by 27.7% in May (Yo2Y)
Retail sales in Hungary increase by 10.6%
In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data, compared with the same period of the previous year, as a result of the gradual lifting of restrictions from mid-month, and the low point in April last year
Dick's Sporting Goods with record results
The sporting goods retailer reported sales and earnings results for the first quarter ended on the 1st of May 2021. Net sales for the first quarter of 2021 increased 119% compared to the first quarter of 2020 and increased 52% compared to the first quarter of 2019
How is COVID-19 impacting footwear retail in different countries?
With the world fast approaching 180 million cases of infected people and with vaccination now in place in several countries, we bring a summary of our latest Flash Reports focused on some key markets
Retail in the UK: weekly footfall rises
Footfall in UK retail destinations rose by 0.5% in the week terminating on the 15th of May, which was driven by a footfall rise of 3.9% cent on UK high streets
Puma: double-digit growth registered across all regions
Sports giant Puma has reported revenue of more than 1.5 billion euros for the first quarter of 2021, an increase of 25.8% compared to the same quarter last year. Double-digit growth registered across all regions
Shoe Carnival with sales jump
The Indiana-based company reported a 122.7% increase in net sales in the first quarter of 2021. Net income for the period reached 43.2 million US dollars, or 3.02 US dollars per diluted share. Shoe Carnival talks about record-breaking quarter
Geox: sales still impacted by stores closure
During the first three months of the year, over one third of the network stores by Geox, were temporarily closed due to lockdowns, with a particularly significant suspension of activities in the main markets (Italy, France, Germany and the UK)
Japan Retail: too early to be excited about retail
After a year of underperforming, the Retail Index for Apparel & Accessories managed to overcome the figures of the previous year in March 2021. Notwithstanding, importers do not seem yet convinced that this is a sustained recovery. The good news, as in other countries, comes from confidence indicators, with consumers seem to drive away from pessimism. However, all seems too fragile yet and it might mean that it is too early to get excited with retail in Japan-
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