World Footwear

United Kingdom

Dr. Martens warns on full year profit margins

Nov 30, 2022 / United Kingdom
Despite a strong performance in the first half, the British label is concerned with full year profits due to weaker consumer demand, higher investment in its DTC channel and a stronger US dollar

UK: cost-of-living crisis to impact Christmas spending habits

Nov 29, 2022 / United Kingdom
Nearly half of UK consumers (43%) are expecting to spend less over the upcoming festive season, as compared to 22% in the same period last year. Consumer confidence is at an all-time low

Farfetch reports third quarter profit loss

Nov 21, 2022 / United Kingdom
The luxury online retailer posted a slight revenue increase of 1.9% and a GMV decline of 4.9% in the third quarter of 2022, year-over-year, lowering its guidance for the full year

Burberry posts revenue growth

Nov 18, 2022 / United Kingdom
The UK-based luxury group reported a revenue increase of 11% in the first half of fiscal 2023, year-over-year, mainly driven by a strong performance in the EMEIA region

Capri Holdings announces second quarter results

Nov 11, 2022 / United Kingdom
The fashion group, owner of Versace, Michael Kors and Jimmy Choo, reported revenue growth of 8.6% in the second quarter of fiscal 2023, driven by good performances of its three houses

Clarks recalls shoes over toxic chemical hazard

Nov 11, 2022 / United Kingdom
The British company has issued a global safety recall of eight styles of the Breeze and Brinkley women's shoes after learning about excess levels of chemicals that can be toxic for the wearers

Zara to launch Pre-Owned pilot project in the UK

Oct 26, 2022 / United Kingdom
This service, which will be launched on the 3rd of November, intends to help customers repair, resell or recycle their clothing. Zara's goal in the long term is to reduce its environmental impact

Burberry raises pay rates early to support staff during cost-of-living crisis

Oct 25, 2022 / United Kingdom
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months

Asos embarks on reorganization under new CEO's leadership

Oct 21, 2022 / United Kingdom
In the process of introducing a new business model focused on increasing flexibility within its logistics and reducing costs, Asos is writing off up to 130 million British pounds (150 million euros) of stock

UK: VAT-free shopping scheme will not be reinstated

Oct 19, 2022 / United Kingdom
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it

UK: unemployment hits the lowest level in 50 years

Oct 14, 2022 / United Kingdom
Unemployment stood at 3.5% in the three months to August, down by 0.3 percentage points from the previous quarter, falling to the lowest level since 1974, but due to a rise in economic inactivity

Burberry appoints Daniel Lee as new Chief Creative Officer

Sep 29, 2022 / United Kingdom
Daniel will join Burberry on the 3rd of October 2022. He will be based at Burberry’s headquarters in London and report to Chief Executive Officer, Jonathan Akeroyd

Burberry COO and CFO to step down

Sep 28, 2022 / United Kingdom
The UK-based luxury brand has announced that Julie Brown will leave both her roles as Chief Operating and Financial Officer at the close of the company’s fiscal year, on the 1st of April 2023

UK to reintroduce tax-free shopping for international visitors

Sep 26, 2022 / United Kingdom
The UK Government is planning to reintroduce VAT-free shopping for overseas visitors to boost business growth. Luxury and retail sectors have welcomed the measure

JD Sports remains cautious for the second half

Sep 23, 2022 / United Kingdom
In an interim results announcement for the first half of 2022, the UK-based retailer, which posted a drop of 18% in profits, confirmed its full year outlook despite the macroeconomic uncertainty
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