World Footwear

Retail

ABG completes the acquisition of Reebok

Mar 1, 2022 / United States
Authentic Brands Group has announced that it has finalized the acquisition of Reebok from adidas, its largest acquisition to date

France Retail: retailers more confident than consumers amid an uncertain environment

Premium ContentFeb 28, 2022 / World Footwear Reports
Although footwear retail sales in France have returned to pre-pandemic levels, the beginning of 2022 is being characterized by some uncertainty. Consumers’ mood has become more volatile towards the end of 2021, reaching minus 8 points in January, and rising inflation has not spared the sector. Nonetheless, retailers are proving to be more confident than consumers, displaying some insensitivity towards risks

Steve Madden announces record revenue

Feb 27, 2022 / United States
The New York-based designer and marketer of footwear, accessories and apparel has reported revenue of 1.9 billion US dollars in 2021. Revenue in the fourth quarter grew by 63.9%

BCC emphasizes difficulties associated with the EU Trade deal

Feb 25, 2022 / United Kingdom
A report from the British Chambers of Commerce shows that 71% of UK exporters think that the EU trade deal is not enabling them to grow or raise sales; it has increased costs, paperwork and delays

DSW to invest 2 million USD into footwear factory in the US

Feb 24, 2022 / United States
Designer Brands, the parent of shoe retailer DSW, will partner up with Pensole College, ran by the footwear designer Dr. D’Wayne Edwards, to advance its diversity, equity and inclusion strategy. Thus, it will invest into the first black-owned factory in the US

JD delays final results for fiscal 2022 but raises outlook

Feb 23, 2022 / United Kingdom
The UK-based retailer has reported that the performance positive of the Holidays continued into January, so, “full year results are expected to be slightly ahead of previous expectations”

Footwear in Poland: a country snapshot

Premium ContentFeb 22, 2022 / Poland
Today, we bring to you our new country snapshot, this time focusing on Poland, which constitutes a major hub for footwear trade in Central Europe. In 2020, despite the constraints imposed by the COVID-19 pandemic, both imports and exports increased, making the country the 10th biggest exporter importer of footwear worldwide

Crocs announces record revenue

Feb 17, 2022 / United States
The US-based company of casual footwear has reported revenue increase of 66.9% in 2021, reaching 2.3 billion US dollars. For 2022, Crocs is expecting to exceed revenue growth by 20%

UK Retail: the first months of 2022 might be a cold shower for the expectations of retailers

Premium ContentFeb 14, 2022 / World Footwear Reports
Although the TCF sales index surpassed the 2018 baseline in November, the downwards trend of pessimism experienced among consumers since July last year is raising concerns. In fact, last month, the consumer confidence index dropped to its lowest level in 11 months. Retailers should be wary of consumers fears over surging inflation, rising fuel bills and the prospect of interest rises, while managing supply difficulties brought by the ongoing unwind of the Brexit process

Consumer confidence in the UK drops in the second half of 2021

Feb 11, 2022 / United Kingdom
Despite a strong rebound in the first half, consumer confidence fell for the second consecutive quarter in the last three months of 2021, thanks to the rise in living costs and to the impact of the Omicron variant

China’s personal luxury market grew by 36% in 2021

Feb 4, 2022 / China
Chinese consumers spent around 471 billion yuan (74.3 billion US dollars) on personal luxury goods last year, despite challenges posed by the COVID-19 pandemic

Cost of merchandise and raw materials is the main concern of the footwear business

Premium ContentFeb 3, 2022 / Business Conditions Survey
The COVID-19 pandemic created pressure on the global supply chains, which has resulted in shortages of materials and increased transport prices. The cost of merchandise and raw materials is now the main concern of the footwear industry

Ferragamo announces preliminary results for full year 2021

Feb 3, 2022 / Italy
The Italian-based luxury group has reported revenue growth of 29.6%, reaching 1.14 billion euros, as compared to 2020. Footwear and leather goods sales represented the main share

H&M sales bounce back to pre-pandemic levels

Feb 1, 2022 / Sweden
The Sweden-based fashion group has announced that net sales for the financial year of 2021 amounted to 18.9 million euros, backed by a strong fourth quarter performance

Price of footwear is the most important driver in the buying decision

Premium ContentJan 31, 2022 / Business Conditions Survey
A combination of factors will determine the consumer’s decision to choose a pair of shoes. With a view to find out what are the most relevant drivers in that process, we have asked our experts to choose the most relevant factors. Price is at the top of the list
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