World Footwear

Customer

US consumers to do more holiday shopping in-stores than online

Nov 18, 2022 / United States
This is the first year since the COVID-pandemic breakout in which consumers said expecting to make more of their holiday purchases in stores (46%) than online (45%), said the NPD Group

Japan Retail: apparel and footwear retail will hardly remain safe amidst such troubling waters

Premium ContentNov 15, 2022 / Japan
The further easing of COVID-19 border control measures brought tourists back to the stores, but the anticipated consumption-led recovery is being curbed by the high wholesale inflation, as the weak yen is inflating the costs of imports. On the other end, if the yen depreciation is fostering exports, the fear of a global economic slowdown is a bearer of bad news. Both the Apparel & Accessories Retail and the Consumer Confidence indicator are currently trending down, and not to increase prices is no longer an option. As for online commerce, now that the pandemic boosting effect is over, the competitiveness between this channel and physical retail is at stake, however, it is yet soon to claim a winner

World's largest duty-free shopping complex opens in Hainan

Nov 15, 2022 / China
Regarded as the world's largest duty-free facility, the Haikou International Duty-Free City Shopping Complex, located in the province of Hainan, China, is now open to the public

US families anticipate spending the same or more on shoes for Back-to-School season

Aug 4, 2022 / United States
According to a national consumer survey, 78% of US families are expecting to spend the same or more on shoes for the Back-to-School season despite recession fears

Japan Retail: imported inflation troubles retail despite positive signs on consumer mood

Premium ContentJul 18, 2022 / Japan
Despite positive signs regarding the consumers’ mood, which is leading the BoJ to focus on boosting domestic demand, retailers are facing imported inflation unseen for decades. So, as the yen sinks, it is more accurate to wonder whether Japanese companies’ margins can resist for much longer to fully pass on rising costs to consumers. In addition, the sanctions imposed following Russia’s invasion of Ukraine will certainly take a toll on retail, alongside persistent supply chain disruptions caused by the pandemic, even as the country moves away from those times. Since expenses on energy and food cannot be readily cut, the slack demand for footwear already observed is far from being a surprise

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

Zalando creates Chief Operating Officer role

Dec 17, 2021 / Germany
David Schröder, up until now Chief Financial Officer, will assume the newly created role of Chief Operating Officer (COO) to focus on scaling the German e-commerce platform’s growth

UK: consumer confidence improved in November

Dec 2, 2021 / United Kingdom
According to the GfK's Consumer Index, consumer confidence in the UK grew by three points in November, on a comparable basis to the previous month, despite concerns over surging inflation

British Retail Consortium talks about promising signs

May 18, 2021 / United Kingdom
The UK trade association for retail businesses confirms a total sales increase of 7.3% in the month of April, following the reopening of brick of mortar. However, the British Retail Consortium (BRC) this is still fragile

Asics focused on new consumer oriented digital solutions

May 16, 2021 / Japan
The Japanese-based sportswear brand has partnered with SessionCam, a Glassbox company, which provides digital experience analytics for web applications. The aim is to increase online traffic, sales, and customer retention

Zalando upgrades its outlook for fiscal 2021

May 13, 2021 / Germany
Following exceptionally strong and profitable growth in the first quarter, continued elevated growth levels in the second quarter, and a stable outlook for the second half of the year, Zalando is upgrading its outlook for the current fiscal year

Alpargatas to acquire Ioasys

May 7, 2021 / Brazil
Alpargatas informed the market about the signature of a Memorandum of Understanding with binding effect, with the partners of Ioasys for the acquisition of 100% of its capital

Spain Retail: depressed retail and online sales gaining share

Premium ContentApr 28, 2021 / Spain
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist

UA Record no longer supported

Jan 24, 2020 / United States
Under Armour said UA Record, its mobile app for tracking fitness and weight changes, will be retired from the 31st of March onwards and will no longer operate. Users are being encouraged to transition to MapMyFitness app
  •   1  
Page 1 of 1