Wayne Mabbott

Following on from our positive view of US electronic stores on Friday, today we examine the economic vagaries of US footwear retailers where sales growth currently runs at -5% y/y, deviating sharply from the 5.4% long-term mean topline annual pace. It is but one of 90 individual illustrations of what is happening within the US economy; across the breadth of manufacturing and consumer sectors. The data in chart 3 is the trinity of price of sale, cost of sales and volume of output. Chart 4 provides more detailed cost and price dynamics. Chart 6 shows how over past 18 months or so, employment growth within the retail subsector is out kilter with demand for shoes which in turn has acted as a drag on productivity. It is only recently that the pace of hourly wage growth has begun to slow, as footwear retailers have moved to manage lower their unit labour costs. Sector margins remain however under severe pressure as companies head into 3Q’24. In being specific to detailed sectors within an economy, the QuantMetriks analysis can be used to anticipate ‘surprises’ in earnings of listed corporates operating in a particular market or across a number of them. Surprises that is, compared to consensual ‘market/analyst’ expectations. The QM team systematically runs the ruler of where such corporate earnings misses are likely to hit. Contact us for these metriks. This tear sheet has implications for the likes of JD Sports (Finish Line), Foot Locker, Genesco Inc, Collective Brands Inc, Nike, Skechers. https://lnkd.in/es4XEvWx

2

Have you read the latest digital issue of Drapers? The November edition is packed with exclusive interviews with GANT and H&M, as well as an in depth deep dive into how fashion retailers are wrestling with supply chain challenges. Subscribe to read it now. #digitaledition #magazine #fashionretail #fashionnews

2

Have you read the latest digital issue of Drapers? The November edition is packed with exclusive interviews with GANT and H&M, as well as an in depth deep dive into how fashion retailers are wrestling with supply chain challenges. Subscribe to read it now. #digitaledition #magazine #fashionretail #fashionnews

2

On the subject of customer loyalty in fashion retail… Question: How long does loyalty even last these days? Reply: Difficult to have loyalty when there is a frenzy of continuous change of creative directors. Thoughts? ——- #careers #fashionretail #leadership #customerloyalty #coaching

21

14 Comments

In the mood for something that doesn't concern the UK's #AutumnBudget? We took a look at Crocs, Inc. latest financial results. The footwear brand delivered mixed results in Q3 as it faced significant headwinds in its HEYDUDE #business. #Crocs has lowered its full-year guidance on the back of slower HEYDUDE sales, leading to a sharp decline in its stock price despite beating overall enterprise expectations on sales and profitability. “We reported third quarter results which exceeded our Enterprise guidance on sales and profitability,” said Andrew Rees, CEO “Our overall performance including strong gross margin gains allowed us to accelerate our strategic investments in the quarter while continuing to deliver earnings per share growth through the deployment of our strong cash flow. Strength was led by our Crocs Brand fuelled by 17% international and 8% direct-to-consumer growth.” Read our full analysis here: https://lnkd.in/eGmfgTrB #CFOInsights #Earnings #Growth #Profit #GAAP

2

Great to see this article by Kati Chitrakorn in the #financialtimes considering that this company #johnsmedley gave my students a great case to solve in class #luxurymarketing #business #school #mba NYU Stern School of Business

18

2 Comments

📉 UK Retail Sales Update - April 2024 Today, the Office for National Statistics (ONS) reports shift in shopping behaviour for textiles, clothing, and footwear. Overall sales dropped by 5.1% month-on-month (including in-store), while online sales saw only a 1% decline. The share of online sales for textiles, clothing, and footwear increased by 0.6%, reflecting a growing preference for online shopping despite overall lower spending. Retailers should focus on enhancing the online shopping experience with tools like PRIME AI visual search and refunds reduction tools to capture this shift in consumer behaviour. Full ONS report: https://lnkd.in/enRi8eRg

8

Stuart Paver, Drapers Footwear Awards Lifetime Achievement winner, discusses growing Pavers Shoes into an international operation, being an online trailblazer and taking life-saving supplies to war-torn Ukraine. “I’ve done everything, from dogsbody, to driver, to buying, to running the whole thing. I think it's served [me] well, in that you understand the whole of the business rather than just a specialised bit of it.” Subscribe to Drapers to read the interview. #DrapersInterview #fashionnews #retailnews #footwear #fashionretail #DrapersFootwear

11

Stuart Paver, Drapers Footwear Awards Lifetime Achievement winner, discusses growing Pavers Shoes into an international operation, being an online trailblazer and taking life-saving supplies to war-torn Ukraine. “I’ve done everything, from dogsbody, to driver, to buying, to running the whole thing. I think it's served [me] well, in that you understand the whole of the business rather than just a specialised bit of it.” Subscribe to Drapers to read the interview. #DrapersInterview #fashionnews #retailnews #footwear #fashionretail #DrapersFootwear

1

🌟 WHY CHOOSE MPOWERING SOLUTIONS? 🌟 Yiannis and Michele worked together at PVH, where they collaborated across different time zones to implement a large partner fulfilment project with one of the UK's biggest fashion retailers. By combining Yiannis' technical expertise with Michele's project management skills, implementation teething problems were quickly addressed and brought about great commercial success for both brand and retailer. If you're looking for some digital or strategic business advice, get in touch today and see how Mpowering Solutions can help you with your digital journey! 💪 #businessstrategy #ecommerce #digitalmarketing #ecommercebusiness #smallbusinessowner #strategyconsulting #smallbusinesshelp #entrepreneur #business #digitalhelp

5

2 Comments

We are delighted to announce TheIndustry.fashion ‘People, Planet & Purpose’ Awards 2025 TheIndustry.fashion Awards is a brand new awards scheme to recognise fashion brands and retailers who are pushing boundaries and driving positive change. Fashion’s future depends on brands and retailers placing People, Planet and Purpose at the centre of their strategies. The necessary shift to circularity requires an entirely new approach to doing business, while consumers and investors alike are placing as much value on ethics and sustainable practice as they are on fashionability and financial performance. These awards have been designed to reward those businesses and individuals leading the way for positive change. Categories will recognise excellence in everything from inclusive marketing campaigns to sustainable sourcing. Our judging panel has been drawn from industry leading experts in the field of conscious fashion and business, who will undertake a rigorous process to select the winners.  Names on the panel include: stylist, editor and author Bay Garnett, sustainability activist and Journalist Melanie Rickey, Daniel Peters of The Fashion Minority Report, Scott Wimsett of The Feelgood Fellowship, Tamara Cincik of Fashion Roundtable ORG LTD, Source Fashion's Suzanne Ellingham and Natalie Binns of Better Fashion Consultancy + many more. The trophies will be presented at a chic cocktail party and awards ceremony staged at The Corinthia London on the 27th February 2025 attended by fashion business leaders and select VIPs. These awards are in proud partnership with leading global logistics experts Bleckmann and sponsored by the UK’s sustainable sourcing show Source Fashion. ENTER HERE: https://lnkd.in/e2VpS3eP DEADLINE FOR ENTRIES 29th November 2024  #fashionawards #sustainablefashion #consciousfashion #diversityandinclusion

20

3 Comments

Drapers asks top buyers what is on their order books from the spring/summer 25 catwalks: today, Sev Halit, buying manager at END. Read her top picks here. #fashion #fashionnews #retail #retailnews #End #catwalks

30

1 Comment

The fashion retail industry is evolving and adapting with resilience, tackling challenges like supply chain hurdles and the cost of living crisis head-on. It’s great to see and partner with many of today’s fashion leaders who are stepping up to be more responsible, inclusive, and digitally forward-thinking. At the Drapers Awards 2024, we are helping to celebrate future-thinking fashion retail by sponsoring the Team of The Year Award alongside our team-mates from Advanced Supply Chain who are sponsoring Retailer of the Year (£10M-£100M Turnover) to join industry peers as we look towards a future where fashion is truly sustainable, inclusive, and for everyone. This year’s categories shine a spotlight on the strides made across the industry as we celebrate brands making workplaces where everyone feels they belong, highlight the power of diversity, sustainability, and purpose-driven retail and recognise talent, no matter age or experience, all of which connect beautifully to our Think Circular philosophy. You can read more about this here: https://okt.to/ATBvP6 https://okt.to/hY6dnf #CircularEconomy #Sustainability #Fashion #Retail #Diversity #Inclusion #Reconomy #DrapersAwards

13

Retail sales fell 1.2% in June, while textile, clothing and footwear sales fell by 1.6%, according to figures by the Office for National Statistics (ONS). Read more here. #fashion #fashionnews #retail #retailnews #retailsales

7

2 Comments

A big thank you to Fashion Mannuscript (Mann Publications) for featuring insights from our CEO, Max Ma, on how the retail industry can tackle markdowns through smarter allocation and planning.  https://lnkd.in/eg8xgy6G In an era where consumer expectations are rapidly evolving, and supply chain disruptions are frequent, it's crucial for retailers to adapt with agility and precision. Max's latest article explores some key strategies for optimizing profitability: *Breaking Down Silos *Data-Driven Decisions *Real Results: *Tailored Allocation #RetailTransformation #SmartPlanning #MarkdownReduction #AIinRetail #7thonline #FashionMannuscript #RetailInnovation #InventoryOptimization  

14

SATRA's Introduction to footwear sustainability course is aimed at anyone working for a brand, sourcing company, retailer or manufacturer within the footwear supply chain. The programme will benefit anyone looking to understand the key sustainability challenges facing the industry and how to tackle them, and will provide an insight into: - What sustainability is, and why it is important - Understanding supply chains - What an organisational carbon footprint is, and how it is calculated - What a product lifecycle assessment/carbon footprint is, how to carry out a study, and where the data comes from - Understanding and reducing environmental impacts throughout the product lifecycle - A detailed review of the environmental considerations of leather and other bio-based materials - Current obligations under sustainability-related legislation, and what is coming - An introduction to restricted substances management - Testing and verifying the sustainability credentials of a product Course dates: Thursday 13th June Thursday 17th October This member-only course takes place at SATRA's UK headquarters in Kettering. Please contact us if you would like to arrange a bespoke course at an alternative location. To book a place on this course or to discuss your training needs, email [email protected] or visit our website https://lnkd.in/e6dB9UhF

14