World Footwear

ecommerce

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

China: luxury online sales slowdown

Nov 25, 2022 / China
E-commerce sales of luxury products in China declined by 1% in the first nine months of 2022, as compared to the same period of last year, after a slowdown in the second and third quarters

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

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

HalfPrice with an EBITDA margin of 12.6%

Nov 11, 2022 / Poland
The Polish-based group CCC posted results for the third quarter of 2022, underlining that the HalfPrice business delivered operating profitability just a year and a half from its inception

Amazon rebounds

Nov 9, 2022 / United States
The Seattle-based online retail giant returned to profitability in the third quarter of the current year, but it is preparing for a slower last quarter, most likely due to a weaker consumer demand

US Retail: not all news are bad for retail

Premium ContentNov 8, 2022 / United States
The available data suggests that retailers made sure to fill up their stocks this year, most likely causing supply to outstrip demand. But while demand may have slowed down, mainly due to high inflation, spending has not ceased, and retailers are expected to increase their promotions through the end of the year to dispose of marked-down excess inventory. Consumer confidence indicators are somewhat mixed, but it is safe to assume that, at least, it has stopped bleeding. In fact, the contrast with European consumers is clear, showing that US shoppers are less sensitive to the geopolitical risks concerning the ongoing war in Ukraine. Meanwhile, though slowly, footwear prices increases are starting to decelerate

Zalando focuses on profitability

Nov 8, 2022 / Germany
The e-tailer posted growth in the third quarter of 2022 amid a challenging macro-environment, underlining its focus on improving profitability. Active customers base exceeded 50 million this year

Last call to fill our Business Conditions Survey. You can still get access to the results in first hand

Nov 3, 2022 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!

Germany Retail: after a surprising summer, retail might not be able to withhold the impacts of recession

Premium ContentNov 1, 2022 / World Footwear Reports
The analysis of both TCF (Textile, Clothing, & Footwear) Retail Index and footwear imports show that German consumers chose “to enjoy the present before it is too late”. In July, retail trade was still healthy enough to accommodate the price increases caused, first, by the impact of the pandemic on the global supply, and then, by the skyrocketing of energy prices following the Ukraine crisis, not to mention the high inflation. However, given the free fall of consumers’ and retailers’ confidence observed since March, additional uncertainties are expected to arise throughout Autumn. Furthermore, despite all gains observed in the recent past, the online seems to be losing some track, and the macroeconomic environment will not be an ally during the second half of 2022

Spain Retail: footwear retail fears the end of the year on account of macroeconomic uncertainty

Premium ContentOct 28, 2022 / World Footwear Reports
Looking exclusively into the available evidence from the comparison between the monthly behaviour of footwear imports and the TCF (Textile, Clothing, & Footwear) Retail Index in Spain, as well as the TCF Retail Indicator by Eurostat, there are not yet red lights on the retail side, so far. But, as more consumers struggle to make ends meet with high inflation and increases in gas and electricity, footwear retail is expected to soon be a victim of the need to divert from non-essentials. Meanwhile, online sales appear to have stabilized, so, with the COVID-19 influence out of the picture, it is up to retailers to continue investing in this channel, where there is much yet to be done

Zalando launches first adaptative collections

Oct 27, 2022 / Germany
The German e-tailer is entering the adaptative fashion market, hoping to reach a largely untapped public, as "finding fashionable adaptive clothing still represents a challenge for disabled people"

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Oct 26, 2022 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!

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

Join the 7th edition of the World Footwear Business Conditions Survey

Oct 20, 2022 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!
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