World Footwear

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German retailers expect weak Christmas sales

Dec 15, 2023 / Germany
German retailers are not expecting a boost from Christmas sales this year. As geopolitical concerns threaten to dampen consumer sentiment, weak demand continues to weigh on their businesses

Cautious British consumers hold back on spending

Nov 16, 2023 / United Kingdom
Figures by the British Retail Consortium (BRC) suggest that retail growth slowed down in October due to the impact of inflation, with consumers deciding to reduce spending ahead of the holidays

Japan Retail: footwear trade is not expected to improve until the end of the year

Premium ContentNov 14, 2023 / Japan
Despite some positive news on the growth of department store sales and the return of foreign tourists, rising consumer prices set alarm bells ringing in September, suggesting that Japanese consumers in general are cutting back on spending and may be at their breaking point. In addition, the reduction in the volume of footwear imports and the impact of the country’s monetary policy on the cost of imported goods is another sign that footwear retail is unlikely to improve by the end of the year. The Government has been taking measures, but the outcome shouldn’t be seen until 2024

UK retail sales fell more than expected in September

Oct 24, 2023 / United Kingdom
According to the Office for National Statistics (ONS), UK retail sales saw a bigger-than-expected decline in September, due to unusually warm weather and the pressures of rising living costs

UK: footfall declined over Summer holidays

Sep 6, 2023 / United Kingdom
According to the data from British Retail Consortium Sensormatic IQ, footfall decreased by 1.6% in August, after rising by 1.8% in July, as compared to the same month of 2022

Japan Retail: mixed signs cast a shadow over a clear outlook for the rest of the year

Premium ContentJul 18, 2023 / Japan
The growth rate of footwear consumer prices has largely outpaced that of the overall prices. This is not a good sign for the footwear sector, as discretionary items are always the first to be discarded by consumers, but it is not all bad news. The truth is consumer confidence has rebound at the start of the year, private consumption has shown some resilience and the return of tourists is a welcoming sign. Perhaps most surprising is the fact that the volume of imports has not been affected by the weakening of the yen. It remains to be seen how the outlook will unfold

Loewe opens first leather goods repair store

May 31, 2023 / Japan
The Spanish luxury label has opened in Osaka (Japan) its first store entirely dedicated to the repair and maintenance of leather articles. A leather artisan will be in the store ready to repair and renew damaged products brought in

UK-listed retailers' profit warnings fall to the lowest quarterly total since 2020

May 5, 2023 / United Kingdom
In the first quarter of 2023, UK-listed retailers' profit warnings fell to the lowest quarterly total since 2020, but “persistent inflation, high-interest rates and tightening consumer spending” continue to challenge the sector

Zalando launches virtual fitting room pilot

May 4, 2023 / Germany
The German-based e-tailer is piloting a virtual fitting room experience with millions of customers across its 25 markets to better understand how they engage with this new technology

UK: Mother’s Day boosted March retail sales

Apr 12, 2023 / United Kingdom
Despite cost-of-living pressures and an wet weather that kept shoppers at home, Mother's Day purchases boosted spending in March. Still, overall growth fell short of inflation

Zalando reviews brand portfolio to raise its relevance

Apr 7, 2023 / Germany
Based on a shift in consumer behaviour, the German-based e-tailer plans to increase the relevance of its brand assortment according to three criteria: inspiration, curation and personalisation

Japan retail: unlocking consumer confidence is key for retail

Premium ContentMar 24, 2023 / Japan
The volume of footwear imports closed 2022 about 10 percentage points below the 2015 baseline, suggesting that the impact of the imported inflation on prices has been clouding the real performance of retail sales in the category. Both the government and some companies have offered inflation allowances or anti-inflation subsidies, but given the saving Japanese mindset, it can be expected that any additional disposable income will not necessarily be used for discretionary shopping, such as clothing and footwear. To boost consumption, it is therefore needed to unlock consumer confidence, which improved only marginally In February, and appears now to be flattening

ACCC launches investigation on Australian businesses for greenwashing

Mar 14, 2023 / Australia
Australia's Competition and Consumer Commission (ACCC) will investigate several businesses, especially in the cosmetic, clothing and footwear and food and drink sectors, for potential greenwashing

UK consumer confidence rebounds to the highest level in almost a year

Mar 3, 2023 / United Kingdom
The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis

UK footfall rises in high streets and city centres

Feb 21, 2023 / United Kingdom
The retail data analytics Springboard says that footfall improved in high streets and city centres in the week following the rail strikes disruption, with the return of workers to the office
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