World Footwear

United Kingdom

Stella McCartney names new CEO

Dec 5, 2023 / United Kingdom
Amandine Ohayon has been appointed the new CEO of the British premium shoe and ready-to-wear brand. She succeeds Gabriele Maggio, who is leaving after four years at the helm

Dr Martens cuts full year guidance

Dec 4, 2023 / United Kingdom
The British footwear brand has lowered its 2024 guidance following a mixed trading performance in the first half, marked by an increasingly difficult consumer environment in the US

Coats reports improving sales trend

Nov 30, 2023 / United Kingdom
The industrial thread manufacturer’s organic revenue fell by 12% year-over-year from July to October, which suggests an improving trend as compared to the 19% decline recorded in the first half

Farfetch’s owner is reportedly considering taking the company private

Nov 30, 2023 / United Kingdom
The online luxury retailer’s Chief Executive Officer José Neves is reportedly in talks with top shareholders and JP Morgan advisers to delist the company

Clarks to cut 103 jobs

Nov 23, 2023 / United Kingdom
The difficult economic conditions and the cost-of-living crisis, which are having a negative impact on the British footwear retailer’s results, are believed to be the cause of these cuts

Slower demand for luxury impacts Burberry’s full year forecasts

Nov 22, 2023 / United Kingdom
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide

New appointments at Dr Martens

Nov 21, 2023 / United Kingdom
The British footwear brand has appointed Giles Wilson as its new Chief Financial Officer (CFO) and Ije Nwokorie to the new role of Chief Brand Office, both due to start in 2024

Cautious British consumers hold back on spending

Nov 16, 2023 / United Kingdom
Figures by the British Retail Consortium (BRC) suggest that retail growth slowed down in October due to the impact of inflation, with consumers deciding to reduce spending ahead of the holidays

Business of Fashion and APICCAPS discuss the future of the footwear industry

Nov 3, 2023 / Portugal
The Business of Fashion (BoF) magazine and the Portuguese Footwear Association (APICCAPS) co-hosted a panel to discuss the future of the rapidly evolving footwear industry

Decathlon launches buyback service in all its UK stores

Oct 31, 2023 / United Kingdom
The sporting goods retailer is expanding its buyback service to all its UK stores. Customers will be given in-store credit for returning products they may have outgrown or no longer use

UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment

Premium ContentOct 27, 2023 / United Kingdom
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon

UK retail sales fell more than expected in September

Oct 24, 2023 / United Kingdom
According to the Office for National Statistics (ONS), UK retail sales saw a bigger-than-expected decline in September, due to unusually warm weather and the pressures of rising living costs

Partnership between Richemont and Farfetch receives antitrust clearance

Oct 24, 2023 / United Kingdom
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation

Shoe Zone reports full year sales growth

Oct 18, 2023 / United Kingdom
The UK-based retailer reported a 6.1% growth in revenue in its unaudited trading update for fiscal 2023, as compared to the prior year. Its full year profit outlook has also increased

Manolo Blahnik’s sales and profits soared in 2022

Oct 11, 2023 / United Kingdom
The UK-based footwear and accessories brand posted a “record financial performance” in 2022, and thanked its employees by distributing more than 1 million euros in bonuses last November
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