Retail
Nordstrom announces leadership appointments
The Seattle-based department store chain has announced some executive changes in the company's merchandising and store divisions
US: footwear prices fall while overall inflation rises
Data from the Footwear Distributors and Retailers of America (FDRA) for the month of August shows that footwear prices continue to drop despite accelerating inflation
UK: footfall declined over Summer holidays
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
Changes at Uniqlo's leadership team
Fast Retailing has announced the appointment of its Founder Tadashi Yanai as CEO of Uniqlo. Meanwhile, Board Director Daisuke Tsukagoshi will serve as the retailer's COO
ANWR and Sabu team up to strengthen German footwear retail
Footwear buying group ANWR and shoe retail cooperative Sabu have joined forces to ensure the future viability of its members. Emphasis will be placed on revitalising the retail landscape and developing the workforce
Shoe Carnival lowers full year guidance
Despite seeing an improvement over the first quarter of 2023, the US-based retailer still posted a year-on-year decline in net sales and profits in the second quarter, thus reducing its full year outlook
Foot Locker further reduces its full year outlook
As its total sales fell for the second consecutive quarter in the three months to the end of June due to continued weak demand, the US-based retailer lowered again its full year outlook
Britain loses 6 000 retail stores in 5 years
New estimates from the British Retail Consortium (BRC) indicate that 6 000 storefronts were lost in the country in five years. The rise in the cost of living has led to short confidence amongst consumers and less spending, experts point out
Zalando's EBIT up by 87% in the second quarter
The German-based online retailer posted an 87% increase in EBIT in the second quarter of the current year from the same period in 2022, despite a slight decline in GMV and revenue
CK Technology is the new owner of Görtz
After a difficult year, the insolvency proceedings of the Hamburg-based footwear retailer have been completed and the company is now owned by Vienna-based CK Technology Solutions
Burberry's flagship store on New Bond Street has reopened
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand
Journeys launches resale programme
The footwear retailer, owned by Genesco, has teamed up with the online resale platform thredUP to launch the ‘Journeys Second-Hand’ initiative, aimed at a more environmentally-conscious generation
Shoe Zone raises full year guidance
The UK-based footwear retailer has raised its full year profit guidance for the second time in five weeks, following an “exceptional” sales month in June
Global footwear consumption to increase in 2023
In this edition of the Business Conditions survey, we asked our panel of experts about their expectations about footwear consumption in 2023. Read the main conclusions here
Uniqlo's parent company posts revenue growth
The Japanese-based company posted a 21.4% increase in revenue from September 2022 to May 2023, as compared to the same period of last year, highlighting the performance of Uniqlo abroad in the third quarter-
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