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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

Germany Retail: positive signs on the horizon, but it’s not yet time to pop the champagne

Premium ContentJun 24, 2024 / Germany
Good news keep coming, but no one is out of the woods yet. Footwear retail sales outperformed overall retail sales in January and February, although they remain lower than the same period last year. Consumer sentiment remains negative but is improving, driven by lower inflation rates and wage growth, and retailer sentiment, although more negative, is following the trend. With recent news of a better economic outlook for the year and a rise in the value of imports at the start of the year, there is a chance that consumers will pull retailers up. Let’s see how the coming months unfold

France Retail: the ball is in the consumers’ court to boost retail

Premium ContentJun 18, 2024 / France
The first quarter of the year brought some contradictory signs in France, but perhaps all is not lost, especially for footwear retailers. Prices in the category have been rising at a slower pace than general items, becoming more stable every month, which perhaps helps explain the (albeit residual) increase in footwear sales in March. Confidence indicators for both retailers and consumers remain in the red, but the small year-on-year increase in imports at the start of 2024 points to higher demand later in the year. With the European elections in June and the Olympic and Paralympic Games in August, as well as real wage growth, the ball is in consumers’ court to boost retail

JD.com partners up with Inditex

Jun 12, 2024 / China
The Chinese e-commerce retailer has partnered with the fashion retailer to launch a Massimo Dutti flagship store on its marketplace, as part of Inditex’s efforts to meet the needs of China’s digital consumer base

Zalando Co-founder David Schneider steps down from his role as co-CEO

May 16, 2024 / Germany
The German-based online retailer has announced that David Schneider will step down from his role as co-CEO to focus exclusively on managing strategic partnerships and brand relationships

The rise of the second-hand fashion market

Premium ContentMay 14, 2024 / World
The global second-hand fashion market is expected to reach 350 billion USD by 2028, according to ThredUP's latest resale report. Value-conscious consumers, a greater concern for the environment and a desire for uniqueness seem to be driving this “revolution”, with new generations leading the way

Zalando reports improved financial results

May 10, 2024 / Germany
The German-based online fashion retailer has reported a 1.3% increase year-over-year in gross merchandise volume in the first quarter of the year and a 29.6-million-euro reduction in losses

Amazon announces first quarter results

May 7, 2024 / United States
A solid start to 2024 for the Seattle-based online giant. Amazon reported a 13% year-over-year increase in net sales in the first quarter, with all segments contributing to the result

Asos announces stock reduction ahead of target

Apr 24, 2024 / United Kingdom
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target

Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture

Premium ContentApr 1, 2024 / Japan
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon

Amazon closes 2023 with strong fourth quarter

Mar 19, 2024 / United States
The Seattle-based online giant ended 2023 on a high note, with a strong fourth quarter that saw significant increases year-on-year in net sales, operating income and net income

World Footwear Voices: interview with Kubilay Genckan from Alibaba.com

Premium ContentMar 6, 2024 / World Footwear Voices
Today we bring you a conversation with Kubilay Genckan from Alibaba.com. Watch the new episode of the World Footwear Voices dedicated to discussing some of the pressing issues around the business of B2B platforms
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