World Footwear

Retail

Foot Locker reports solid performance

May 24, 2022 / United States
The retailer posted a slim increase in sales in the first quarter of fiscal 2022 over the same period last year, but still ahead of estimates. Revenue for the quarter totalled 2.17 billion US dollars

Shoe Carnival surpasses pre-pandemic levels

May 19, 2022 / United States
The US-based retailer of footwear and accessories announced that in the first quarter of fiscal 2022 sales grew by 25.1% and EPS by 100 percentage points over the same period of 2019

Footwear prices expected to increase by 8.4%

Premium ContentMay 17, 2022 / Business Conditions Survey
According to the members of the World Footwear Business Conditions Survey prices of footwear are expected to increase over the next six months. Read all about this and all the conclusions of the survey conducted last month

Foot Locker and adidas sign enhanced partnership

May 12, 2022 / United States
Built around product innovation, elevated experiences and deeper consumer connectivity, the partnership establishes Foot Locker as the lead partner for adidas in the basketball category

General outlook for the footwear industry is optimistic

Premium ContentMay 9, 2022 / Business Conditions Survey
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of April. Today we bring you a summary of some of the main conclusions

US: nearly half of consumers to spend less in footwear

May 6, 2022 / United States
A national survey made amongst US shoppers found that almost half (48%) of footwear consumers is planning to spend less on footwear this spring than last year

Footwear in South Africa – a country snapshot

Premium ContentApr 11, 2022 / World Footwear Reports
Today, we bring you our new country snapshot, this time focusing on South Africa, which ranks third among the top 3 footwear exports on the African continent, just behind Tunisia and Morocco. Nevertheless, it remains a net importer of footwear, being the 27th largest importer of footwear in the world in value

Less than 20% of retailers on track to meet sustainability targets

Apr 8, 2022 / World
A study found that sustainability is now a strategic priority for retail businesses, but the vast majority is still failing to make meaningful progress

Japan Retail: retail prospects are again at stake

Premium ContentApr 4, 2022 / World Footwear Reports
Hope for a return to normality in March, following the lift of the quasi-emergency restrictions imposed to control the Omicron-variant outbreak at the end of 2021, appears to be off the picture. The impact of Russia’s invasion of Ukraine on households and companies, which is prompting a hike in commodities and food prices, can no longer be discarded. Most likely, the footwear retail growth momentum of the final months of last year will not be accompanied by an increase in prices to avoid scaring away consumers, whose confidence suffered yet another blow in front of the international conjuncture

H&M posts profit

Apr 1, 2022 / Sweden
The Sweden-based fashion group reported net sales growth in the first quarter of the current fiscal year, amidst concern over the impact of the Russia-Ukraine war

Foot Locker committed to achieving net-zero emissions by 2050

Mar 31, 2022 / United States
The US-based footwear retailer has announced that it will set a science-based target in line with the criteria established by the Science-Based Target initiative (SBTi) to fight the climate change

US Retail: COVID-19 is no longer a concern for footwear retail

Premium ContentMar 25, 2022 / World Footwear Reports
The monthly shoe stores retail trajectory shows that footwear retail has begun to disregard any COVID-19 related concerns since the second quarter of 2021. However, there are other worries on the horizon. Consumers’ mood has been trailing a downwards trend, hitting the lowest value in January. At the same time, prices have been quickly increasing since September, and the global impact of Russia’s invasion of Ukraine might contribute to undermining future retail prospects

Yue Yuen turns around

Mar 25, 2022 / Hong Kong
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment

adidas adopts traceability solution for material compliance

Mar 24, 2022 / Germany
The company is among the first ones to adopt the Stockholm-based company TrusTrace Certified Material compliance solution, which enables near real-time traceability at the material level

Germany retail: COVID-19 still looms on retail performance

Premium ContentMar 18, 2022 / World Footwear Reports
As of December 2021, the German TCF retail index is far from providing a crystal-clear reading. A sudden improvement in the last month of the year contrasts with mixed feelings on confidence and insights from various sources. The decline in footwear prices during that month, despite the unexpected inflation surge by 5.3%, adds up as another contradictory sign. While the picture is not quite transparent yet, it is safe to presume that the online shopping category is leaning towards pandemic-neutral growth
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