Iranian stores fill the vacuum left by international labels. The Russian footwear market was worth €911 million until 2021.

The resumption of physical stores after two years of the COVID-19 pandemic is characterized by a multiplicity of crises. The most evident in terms of services provided is the shortage of both sales staff and customers entering stores to buy, due to lockdowns and the growing number of sick or infected people who are confined to their homes.

2022 August, 16th update

Iran Retail Show: local fashion stores fill the vacuum left by international labels. Over the past decade, international sanctions against Iran have impacted Iran in many ways on Iran’s fashion and retail businesses. According to @BoF, despite sanctions and other challenges such as rising costs, the number of Iranian clothing retail branches across the country has risen sharply over the last decade, filling the gap left by international labels.  [Iranian Fashion Retailers Pursue Growth Amid Sanctions – BoF]. (Read more)

For Western footwear retailers, the Russian market was worth €911 million until 2021. @PublicationsEdm’s Shoe Intelligence  news outlet estimates that the withdrawal of Western brands has generated huge opportunities for Russian companies to insert their own products or reintroduce Western labels through parallel imports.  [How the exodus out of Russia is creating opportunities for locals]. (Read more)

2022 July, 27th update

Nike’s new Concept Store in London. Following the success of Nike Rise in China and Korea, the sportswear giant is bringing the concept to London in a bid to get closer to the customer with a community focus and sports insights. Nike’s vice president of direct for EMEA exclusively speaks with @VogueBusiness about the plans. [Inside Nike Rise: The new London store concept – Vogue Business]. (Read more)

2022 July, 7th update

Zalando profit warning shows online retailers on shaky ground. Zalando expects zero growth for this year due to high inflation and declining consumer’ sentiment.  This is reported by the German marketing magazine OneToOne.  The profit warning of Zalando, an e-commerce platform for clothing and accessories, reads the Morning Star, is indicative of the difficult scenario that online retailers are facing while consumers reduce discretionary spending. This situation, explains the Italian ilSole24ore, drives to some reflections on how consumption and distribution change, with the revenge of the physical retail shopping. (Read more)

2022 June, 29th update

US footwear: there are too many stocks in retail and this means an increase in discounted promotional sales. Athletic footwear sales declined to start the year, and promotions could define the back half of 2022. For the first three months of 2022, athletic footwear sales totaled $6.09 billion, according to The NPD Group retail tracking service, down $546 million from the $6.65 billion mark the year prior. [Athletic Footwear Sales Have Declined — and the Market Is About to Get Promotional- FN]. (Read more)

2022 June, 23rd update

Amazon: now you can try on shoes in virtual reality before to buy. Usually “try before you buy” has only really applied to shopping in physical shops, but you can now virtually try on digital versions of shoes before you buy them on Amazon. [Amazon is using augmented reality to let you try on shoes … –Euronews]. (Read more)

2022 April, 4th update

The current recession on retail. How to maneuver in the recession driven by the COVID-19 pandemic, Russia’s unprovoked invasion of Ukraine and the cost-of-living crisis: perspectives of the retail evolution’s great acceleration in the example of the UK, where booming clothes shops buck retail decline in February. (Read more)

2022 March, 29th update

Consumer goods prices skyrocket in Russia after the invasion of Ukraine. Russia’s inflation rate exceeds its annual target in two weeks. Prices have risen at their fastest rate in more than two decades since Moscow invaded Ukraine. [Russia’s Inflation Rate Surpasses Annual Target in Two Weeks – The Moscow Times]. Gap stops deliveries to Russia. (Read more)

2022 March, 21st update

FDRA calls for elimination of tariffs on shoes in the US. The Footwear Distributors and Retailers of America, FDRA, sent a letter to President Biden asking him to eliminate shoe tariffs until the fall to directly reduce the price increase that is affecting working-class families. (Read more)

2022 February, 28th update

Shoe prices rose 6% in January as inflation soars to a 40-year high, FN writes. Consumer prices rose by 7.5% in January compared to a year ago, according to the Bureau of Labor Statistics’ monthly report. This number was up from the 7% growth in December and represented the highest inflation rate since the 12-month period ending in February 1982. (Read more)

2022 February, 9th update

Retail sales in Germany declined at the end of 2021, falling sharply due to the increase in coronavirus cases and the reintroduction of restrictions, german statistical office Destatis said. (Germany Retail Sales Tumbled in December Amid Renewed Restrictions – MarketWatch). Sales fell 5.5% from December, after a 0.6% increase in November. (Read more)

2022 February, 2nd update

Nearly 8.8 million people fell ill earlier this month, exacerbating labor shortages. FN reports it. That’s the highest recorded number of workers getting sick since the peak of 6.6 million recorded last January, according to the Wall Street Journal. FN reports that Lululemon, Nike, Starbucks and Macy’s are adopting new reduced hours in some locations, as retailers struggle to retain store staff during the pandemic. (Read more)