News
UK Retail: Footwear market faces broad-based weakness
Although clothing sales remained resilient and online fashion retail continued to grow in the first half of the year, the footwear sector faced a more challenging environment characterised by ongoing price deflation, weak retail sales, and subdued household spending. A sharp contraction in footwear imports also suggests greater caution among retailers and distributors, suggesting that pressure has extended beyond consumer demand to inventory and replenishment decisions
Brazil posts first trade deficit in footwear since 1997
Continued rising imports and declining exports have pushed the Brazilian footwear industry into its first trade deficit in July since records began in 1997
Under Armour lowers full-year revenue outlook but holds profitability guidance
The US-based company has lowered its full-year revenue forecast on soft consumer demand, while maintaining its adjusted profit expectations following a first quarter marked by falling sales but improved profitability
Yue Yuen posts lower first-half revenue and profitability
The Hong Kong-based group reported a decline in revenue and profitability in the first half, as lower footwear shipments, production inefficiencies and higher labour costs weighed on its manufacturing business
Tapestry closes fiscal 2026 with double-digit growth
The US-based group ended the 2026 financial year with double-digit revenue growth and improved profitability, supported by a strong performance from Coach and positive momentum in the fourth quarter
Asia accounts for 56% of global footwear consumption
JUST RELEASED: The geography of footwear consumption is evolving, with Asia consolidating its dominance. Check all details in the new World Footwear Yearbook 2026 recently released by APICCAPS, the Portuguese Footwear Association
Shoe Station Group appoints Tracy Dick as Chief Marketing Officer
The US-based footwear retailer has appointed Tracy Dick as its new Chief Marketing Officer. She will be responsible for driving growth and engagement across Shoe Carnival and Shoe Station
Alpargatas maintains growth in the second quarter
The Brazil-based company that owns Havaianas has reported double-digit sales growth and a significant increase in profitability in the second quarter of the year
Grendene reports lower revenue and profitability in the second quarter
The Brazilian footwear manufacturer has reported a lower revenue and profitability in the second quarter, as challenging consumer conditions took their toll on its domestic business
Frasers Group acquires Harvey Nichols
Frasers Group has officially acquired the UK-based loss-making luxury department store chain Harvey Nichols out of administration, gaining control from businessman Dickson Poon
Zalando maintains growth, narrows full-year outlook
The Germany-based online retailer continued to grow in the second quarter of 2026, supported by its multi-app strategy, B2B expansion and the integration of About You, while tempering its full-year expectations
Capri Holdings lowers full-year revenue outlook
The US-based luxury group has lowered its revenue outlook for the 2027 financial year, citing inventory delays at Michael Kors, weaker trends in the EMEA region, and unfavourable foreign exchange rates
H&M warns of potential job cuts among UK support staff
The Sweden-based fashion group has informed around 250 of its UK support office employees about a proposed reorganisation and consultation process that could lead to job losses
Germany Retail: Footwear remains under pressure
The German footwear market is under increasing pressure due to declining sales, rising prices and weakening consumer confidence. While total retail and online sales have remained relatively resilient, footwear and leather goods have consistently underperformed. Meanwhile, retailers have become more cautious, as reflected in declining imports and weak retail confidence, which points to a challenging environment for the sector
Genesco announces retirement of Chief Strategy and Digital Officer
The US-based footwear retailer has announced the retirement of Parag D. Desai, Senior Vice President and Chief Strategy and Digital Officer, after more than a decade with the company
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