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Global luxury spending to hold steady in 2024

Nov 29, 2024 / World
Growth in luxury experiences and shrinking demand for luxury goods highlight a shift in consumer priorities as brands navigate changing market dynamics and regional challenges

Asos eyes profit growth for fiscal 2025 despite revenue pressures

Nov 19, 2024 / United Kingdom
The UK-based company reported a 16% decrease in like-for-like sales in fiscal 2024, partially offset by improved operational efficiencies. Asos remains optimistic for the next fiscal year, anticipating higher margins

Growth in both B2C and B2B vectors confirms strong third quarter for Zalando

Nov 13, 2024 / Germany
The German multi-brand online retailer has reported growth in both the B2C and B2B vectors, confirming the strong performance previously reported for the third quarter of the year

Japan Retail: the picture is unclear for both consumers and retailers

Premium ContentNov 5, 2024 / Japan
Contrary to what was suggested in our previous flash, fashion retail sales have fallen sharply since April, by a total of 22.8%, while total retail sales have remained somewhat stable. In this context, the low footwear inflation in Japan, now close to 0%, tends to indicate a lack of demand. Perhaps the growth in consumer spending and tourism will help to turn the situation around, especially given the falling yen in September. However, for now, the future remains unclear for all

US Retail: expectations on the rise for the last quarter

Premium ContentOct 29, 2024 / United States
The summer months have brought relief to footwear retailers, as sales in the category now appear to be on an upward trend. Although consumers remain cautious, the slowdown in employment and inflation is somehow starting to lift their spirits and retailers are showing signs of restocking. As the winter holidays approach, and despite question marks over the geopolitical turmoil and the upcoming presidential election, it’s safe to say that expectations are on the rise

Zalando raises full year guidance after strong third quarter results

Oct 23, 2024 / Germany
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season

Asos to cut 200 head office jobs in major restructuring

Oct 8, 2024 / United Kingdom
Struggling with post-pandemic challenges, the UK-based online fashion retailer plans to cut 200 head office roles as part of a restructuring process to streamline operations and drive innovation

Temu’s owner warns of slowing growth ahead

Sep 4, 2024 / China
The Chinese e-commerce group PDD Holdings has reported a strong performance in the second quarter of 2024. However, it has also warned of challenges ahead as growth slowed on a quarter-on-quarter basis

Amazon reports strong second quarter

Aug 14, 2024 / United States
The Seattle-based online giant has reported a strong second quarter, with increases in both revenue and profit. Amazon Web Services (AWS) segment on the rise

Zalando grows in the second quarter

Aug 9, 2024 / Germany
The German-based online fashion retailer has seen its sales accelerate in the second quarter of the year and profitability improve. CFO Sandra Dembeck will exit the company in February 2025

US Retail: there’s still a great deal of uncertainty

Premium ContentJul 23, 2024 / United States
There are still no solid signs of a recovery in the footwear retail sector. Despite mirroring last year’s trend, sales are consistently lower than in 2023, and footwear imports continue their downward trajectory. This may suggest that prices have not yet reached a level where consumers will bite. The truth is that the US economy has made great progress and inflation has eased considerably, but not enough to reassure consumers, who are still uncertain about what will happen next. And when that happens, discretionary items always pay the price

Footway Group moves e-commerce business to a new group

Jul 12, 2024 / Sweden
The Sweden-based Footway Group AB has transferred its e-commerce business to a new group of companies, as part of a strategic review that has been underway for the past four years

UK Retail: are the winds starting to blow in retailers’ favour?

Premium ContentJul 1, 2024 / United Kingdom
Despite a slight upturn in sales of Textile, Clothing and Footwear in March, a number of factors, including an early Easter, poor weather and the high cost of living, soon led to a visible lack of demand. This will most likely lead to a decline in the number of footwear imports, breaking the growth trend seen in the first quarter of the year. On the bright side, inflation is at its lowest since November 2021 and the economy seems to be picking up, so there is room for some improvement in consumer sentiment. With the UK on the brink of a General Election and a series of sporting events promising to bring people onto the streets, are the winds starting to blow in retailers’ favour?

Scotch & Soda Northern Europe will not reopen

Jun 28, 2024 / Netherlands
Following the declaration of bankruptcy on the 12th of June, the administrators have announced that the northern branch of Scotch & Soda will not be reopening

Yoox Net-a-Porter to exit China

Jun 28, 2024 / China
The luxury fashion e-tailer Yoox Net-a-Porter (YNAP) is believed to be in the process of closing its China operations in order to focus investment and resources on its more profitable regions
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