World Footwear

Retail

Influencer Marketing seen as a Successful Tool for Footwear

Premium ContentJul 9, 2024 / Business Conditions Survey
In this edition of the World Footwear Business Conditions survey, we asked our experts about their opinions on the effectiveness of influencer marketing. The results shed light on the apparent noteworthy impact of influencer marketing in the footwear industry

Saks Fifth Avenue owner to acquire Neiman Marcus

Jul 5, 2024 / United States
HBC, the parent company of Saks Fifth Avenue, has signed a definitive agreement to acquire the Neiman Marcus Group, owner of Neiman Marcus and Bergdorf Goodman, in a deal valued at 2.65 billion USD

Optimistic expectations for footwear retail prices

Premium ContentJul 2, 2024 / Business Conditions Survey
76% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The 10th edition of the World Footwear Business Conditions Survey results are now available

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

Positive perspectives about the health of footwear business

Premium ContentJun 25, 2024 / Business Conditions Survey
Almost 60% of the respondents of the last edition of the World Footwear Business Conditions Survey seem confident regarding the health of their businesses. The 10th edition of the World Footwear Business Conditions Survey results are now available

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

Decathlon UK posts loss as it invests in transformation plan

Jun 21, 2024 / United Kingdom
The UK arm of the French-based retailer posted a 2 million British pounds (2.4m euros) loss in 2023, after investing 10 million British pounds (11.8m euros) in transformation initiatives

Hoff looks to expand in India

Jun 20, 2024 / Spain
The Spanish sneaker brand has teamed up with the e-commerce giant Myntra to enter the Indian market. This move is part of the company’s international growth strategy

Industry is antecipating an increase in the quantity of footwear sold

Premium ContentJun 18, 2024 / Business Conditions Survey
According to the latest edition of the World Footwear Business Conditions Survey more than 60% of the respondents expect quantities of footwear traded to increase. All results are now available

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

UK retail sales pick up slightly in May

Jun 13, 2024 / United Kingdom
UK retail sales rose by a modest 0.7% year-on-year in May, following an April that was hit by an early Easter and poor weather. Online non-food sales appear to have turned the corner, says the BRC

Cost of raw materials and insufficient demand continues to worry the footwear industry

Premium ContentJun 4, 2024 / Business Conditions Survey
Respondents of the 10th edition of the World Footwear Business Conditions Survey reveal that cost of raw materials and insufficient demand continue to negatively impact their businesses

Footwear experts expect importance of digital retail channels to continue to increase

Premium ContentMay 28, 2024 / Business Conditions Survey
Since the first edition of this survey, we have been asking our panel of experts about their expectations regarding the evolution of the percentage that different retail channels represent in the total sales of footwear in their country

Spain Retail: concerns grow for retailers after an unexpected fall in sales

Premium ContentMay 24, 2024 / World Footwear Reports
While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon

Footwear survey reveals optimistic outlook

Premium ContentMay 21, 2024 / Business Conditions Survey
The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic
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