World Footwear

United Kingdom

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

Levi’s pulls out of footwear business

Apr 5, 2024 / United Kingdom
The denim company has announced that it is exiting the footwear business. This is part of its strategy to focus the business as it moves towards a more direct-to-consumer business

Dr. Martens boots its sustainability efforts

Apr 5, 2024 / United Kingdom
The British footwear brand has announced a partnership with The Boot Repair Company to create a brand-new repair service. It has also launched a recycled leather collection and resale platform

Short term outlook for JD Sports remains challenging

Apr 4, 2024 / United Kingdom
The UK-based sports retailer has reported a 3.6% year-on-year sales growth in its fiscal 2024, but expects the trading environment to remain challenging in the first half of the current year

Footwear brand Heydude launched in the UK market

Apr 3, 2024 / United States
The Crocs-owned casual footwear brand Heydude launched in the UK last month as part of its international expansion strategy to increase global brand awareness

Next reports solid fiscal 2024

Apr 2, 2024 / United Kingdom
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January

Uncertainty for Ted Baker as UK and European arm goes into administration

Mar 20, 2024 / United Kingdom
The British fashion retailer is planning to appoint administrators, a spokesman for owner Authentic Brands Group confirmed on Tuesday. Hundreds of jobs are expected to be at risk

US market and handbags fuel growth for Kurt Geiger

Feb 21, 2024 / United Kingdom
The British footwear and accessories brand has reported strong annual results, driven by a successful international expansion strategy, particularly in the US, and “flourishing” handbag sales

UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023

Premium ContentFeb 20, 2024 / United Kingdom
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime

Farfetch CEO José Neves steps down

Feb 19, 2024 / United Kingdom
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role

Capri’s performance hit by weak consumer demand

Feb 13, 2024 / United Kingdom
The parent company of Versace, Michael Kors and Jimmy Choo continued its downward trend in the third quarter of fiscal 2024, mainly due to slower consumer demand in the Americas region
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