World Footwear

United Kingdom

Burberry full year results hit by slowing luxury demand

May 22, 2024 / United Kingdom
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US

Pentland Brands names new President for the Americas

May 22, 2024 / United Kingdom
The owner of brands such as Speedo and Berghaus has announced that Joe Spies has become the President of the Americas region, succeeding Matt Rock, who stepped down after 19 years with the company

British Footwear Association appoints Richard Shetliffe as CEO

May 21, 2024 / United Kingdom
The British Footwear Association (BFA) has appointed Richard Shetliffe as its new Chief Executive Officer. He succeeds Lucy Reece-Raybould, who left the group in January after five years in the role

UK exits recession

May 16, 2024 / United Kingdom
The UK has emerged from recession. Official figures show that the economy has grown by 0.6% between January and March, the fastest rate in two years

UK: Poor weather and early Easter weigh on April retail sales

May 9, 2024 / United Kingdom
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said

Clarks CEO steps down

May 7, 2024 / United Kingdom
The British footwear label has confirmed that Jon Ram has stepped down as CEO to “pursue other opportunities” after two years in the role

Shein eyes acquisition of Topshop

Apr 29, 2024 / United Kingdom
According to The Sunday Times, Topshop’s owner, Asos, has reportedly attracted interest from several prominent retail companies, including the Chinese fast-fashion giant Shein

Primark reports strong sales growth in the H1

Apr 29, 2024 / United Kingdom
Associated British Foods (ABF) has reported strong sales growth for Primark in the first half of the year, highlighting that the Christmas season helped to offset the impact of a slow start to the cold season

JD Sports announces acquisition of Hibbett

Apr 26, 2024 / United Kingdom
The British sports retailer has proposed to buy the US sportswear retailer Hibbett for around 1.08 billion USD. The move will allow JD Sports to expand its business in the North American country

Harvey Nichols appoints new CEO

Apr 24, 2024 / United Kingdom
The British department store Harvey Nichols has announced the appointment of Julia Goddard as CEO. She joins the company from Alexander McQueen, where she spent 14 years

Asos announces stock reduction ahead of target

Apr 24, 2024 / United Kingdom
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target

UK retail sales flat in March

Apr 23, 2024 / United Kingdom
The first quarter was a disappointing one for retailers. The latest figures from the Office for National Statistics (ONS) show that both the value and volume of sales in March were unchanged on the previous month

New CEO at Dr. Martens as the outlook for FY25 worsens

Apr 18, 2024 / United Kingdom
The British footwear company has announced that Ije Nwokorie, currently Chief Brand Officer, will succeed Kenny Wilson as CEO, while admitting that the outlook for fiscal 2025 is challenging

Ted Baker UK to close 15 stores and cut nearly 250 jobs

Apr 11, 2024 / United Kingdom
Ted Baker is to close 15 of its stores across the UK within weeks and make 245 store and head office jobs redundant. The brand’s UK and Europe arm went into administration last month

Asos reports a sales decline in the first half of its fiscal year

Apr 9, 2024 / United Kingdom
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
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