World Footwear

Retail

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

Shoe Carnival announces best year ever

Mar 17, 2022 / United States
The US-based footwear retailer has reported that net sales totalled 1.33 billion US dollars, the highest annual figure in the company’s record

Spain Retail: leaving COVID-19 fears behind

Premium ContentMar 11, 2022 / Spain
Despite the spread of the Omicron variant in the last quarter of 2021, the TCF retail sales index shows overall a slow, but positive trend, and retailers’ confidence has not returned below pre-pandemic levels. Consumers are less optimistic, but the results are not substantially worse than two years ago. At the same time, they have embraced e-commerce, which seems to have demarcated itself from the course of the pandemic

Dick’s Sporting Goods posts growth in 2021

Mar 10, 2022 / United States
The sporting goods retailer has reported net sales of 12.29 billion US dollars in the full year 2021, reflecting growth of 28.3% and 40.5%, on a comparable basis with fiscal 2020 and 2019

Footwear business not expected to be carbon neutral by 2050

Premium ContentMar 9, 2022 / Business Conditions Survey
Sustainability is becoming more of a real concern for businesses and inhabitants of this world. However, some claim this is just a fashion trend or a marketing tool. With that in mind we have asked our panel if the footwear industry will be able to be carbon neutral by 2050. Half of the respondents don’t believe that will happen

Fashion brands halt sales in Russia

Mar 7, 2022 / World
Pressure has been mounting on the Fashion industry to cut off commercial trading with Russia in the aftermath of Russia’s invasion of Ukraine on the 24th of February
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