“This is very much in line with what we are forecasting for retail sales and consumer spending this year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers try to balance inventories very carefully with demand. So, when retailers import more...
UK retail shops started the year on a positive note after it experienced a relatively small fall in footfall year-on-year, according to new figures. The latest Retail Traffic Index published by Ipsos Retail Performance indicates that footfall was down by “just” 1.4 per cent last...
The BDSE confirmed that according to a recent survey with owner-run shoe retailers in Germany, 75% of shoe stores were unable to reach their previous year’s figures as part of the GDS opening press conference, held at the Areal Böhler on the 7th of February,...
French fashion group Vivarte sold its shoe chain André and its fashion chain Naf Naf. Its new CEO, who took charge in October 2016, has been working on a restructuring plan to slim down the company and this is part of that process. Naf Naf sale is...
January retail sales saw the worst performance since 2013 as like-for-like sales fell into negative growth. The BDO High Street Sales Tracker (HSST) revealed that UK high streets couldn’t recover from the 0.1 per cent drop in sales in December, with another 0.1 per cent...
“The economy is on firm ground as we head into 2017 and is expected to build on the momentum we saw late last year,” NRF President and CEO Matthew Shay said. "With jobs and income growing and debt relatively low, the fundamentals are in place...
Payless Inc. is discussing a restructuring of its $600 million debt load with lenders while seeking to close about 1,000 stores, according to a report from Bloomberg. If unable to reach a deal, the shoe chain may pursue a bankruptcy reorganization....
An update on where BAT is politically for footwear companies....
NikeLab will open in Bergdorf Goodman on Fifth Ave. in New York tomorrow as part of the footwear giant’s New York Fashion Week festivities. This follows the swoosh brining its seventh NikeLab store to Tokyo on December 1, 2016 after launching the unique destination category...
Puma reported healthy gains in operating earnings and sales in the fourth quarter that topped Wall Street estimates while predicting a significant hike in earnings in 2017....