World Footwear

United Kingdom

Lockdowns in China hit Burberry's sales

Jul 18, 2022 / United Kingdom
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year

Parent of Hotter Shoes announces partner brands for new platform

Jul 14, 2022 / United Kingdom
The Unbound Group unveiled some brands that will feature in its multi-curated platform for its core demographic aged 55 years old or more. Birkenstock, Geox and Skechers are among them

Coats acquires footwear materials specialist Texon

Jul 13, 2022 / United Kingdom
The UK-based industrial thread manufacturer acquired the developer of structural component materials Texon for 237 million USD to strengthen its presence in the athleisure footwear market

JD Sports appoints new Chairman

Jul 11, 2022 / United Kingdom
The UK-based retailer announced that Andrew Higginson has been named Chair of the group, effective today, after a thorough search process carried out by the Board

UK: Consumer confidence drops to a record low

Jun 28, 2022 / United Kingdom
Consumer confidence in the UK dropped in June to its lowest level in 48 years amid soaring prices, the prospect of strikes and rocketing inflation. Mood is gloomier than the one recorded at the beginning of the pandemic

Burberry renews partnership with Myhtical Games

Jun 27, 2022 / United Kingdom
The luxury group revealed its second NFT collection with Mythical Games in its flagship Blankos Block Party. The collaboration includes social spaces for communities within the game

JD Sports doubles profit

Jun 22, 2022 / United Kingdom
The retailer posted a record profit before tax and exceptional items in fiscal 2022, as well as revenue growth of 38%, year-over-year, reaching 8.56 billion British pounds (9.95 billion euros)

Unemployment rate in the UK hits historic low

Jun 20, 2022 / United Kingdom
This was revealed by the Office for National Statistics (ONS). The UK unemployment rate is now close to a 50-year low point, having dropped by 0.2% to 3.8% for February to April 2022

UK: online retail growth in freefall in May

Jun 18, 2022 / United Kingdom
The growth of online retail sales fell by 8.7% year-on-year in May in the UK, despite being measured against a negative performance in May 2021 (-6%), as reported by the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers

ASOS appoints new CEO as it warns on profit

Jun 17, 2022 / United Kingdom
The fashion retailer named José Antonio Ramos to the role of CEO and announced that Jgøren Lindemann will become Chair. The company also said that will be expecting lower profits this year

Farfetch to accept cryptocurrency payments

Jun 14, 2022 / United Kingdom
The luxury e-tailer will enable cryptocurrency payments for private clients on its marketplace in the coming months and then expand to all customers in the US, the UK, and Europe from late 2022

Dr. Martens launches trial resale scheme

Jun 10, 2022 / United Kingdom
The British footwear brand announced that it will partner up with Depop, a European online second-hand marketplace, in a trial programme to sell repaired and refurbished shoes

UK: nearly half of businesses affected by price increases

Jun 9, 2022 / United Kingdom
Almost half of businesses reported an increase in the prices of materials, goods, or services bought and sold in April. Nearly a third expects to raise the prices of goods and services this month

UK Retail: retail prospects for the next months lean to the downside

Premium ContentJun 8, 2022 / United Kingdom
In the first quarter of 2022, TCF (Textile, Clothing & Footwear) Retail Sales Index returned to pre-pandemic levels, showing that it is no longer sensitive to COVID-19. However, its positive behaviour is somewhat puzzling: consumer pessimism continues to plunge, most likely due to the rising inflation, which hit a record 7% in March, placing pressure on manufacturers’ costs. In addition, it is yet early to quantify the impact of Russia’s invasion of Ukraine on European retail markets

Capri Holdings supports creation of the Versace Foundation

Jun 7, 2022 / United Kingdom
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community
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