Retail
Reebok shrinks presence in the US
The adidas group has closed 35 Reebok stores in the US this year and plans to close more before the year ending
Retail sales up by 3.2% in the US
According to the National Retail Federation, retail sales in the US in June were essentially unchanged over May on a seasonally adjusted basis, but up by 3.2% unadjusted from June 2016
How to get footwear consumers attention
Having a great product with valuable features, being creative and promoting marketing initiatives is necessary to attract consumers attention
Social media and e-commerce are mandatory for SMEs
Consumers are increasingly buying their footwear online. Furthermore, they are also using the internet, particularly social media, influencers and blogs, to get information about trends and develop their own style
Footwear stores should focus on the customer's experience
In the competitive industry of footwear, every single initiative counts to make consumers fall in love with a brand. Enhancing customer experience through an improved online/offline store might help
Payless ShoeSource files for bankruptcy
The US-based discount footwear chain Payless has filed for Chapter 11 protection in St Louis. Roughly 400 stores will be closed
Puma partners with Cramer
In early 2017, the sportswear giant launched a loyalty program to recruit Puma soccer players. Now, to mark the launch of the program they joined with experience agency Cramer to reimagine what shoe packaging could be
Sports Direct ups its stake in Debenhams
One of the largest sports-goods retailer in the UK has just made a strategic investment in the department store giant
Belle expects double digit drop in profit
China-based retailer should close its financial year with a drop of 15% to 25% in profit. Weaker sales in its footwear business should be one of the reasons
Crocs to close 160 stores by 2018
While announcing its fourth quarter and fiscal year results the US-based company has also confirmed it has a plan to close 30% of its stores within the next two years
JCPenney to close more than 100 stores
JC Penney believes this to be the right strategy to adjust the business allowing it to effectively compete against the growing threat of online retailers
Nordstrom earnings exceed expectations
The Seattle-based company today reported fourth quarter earnings that exceeded expectations, reflecting continuous improvements to its operating model
Sales down at Macy’s
The Cincinnati-based company reported declining sales and earnings in the fourth quarter and year. Outlook for 2017 points to further declines-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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