Clothing specialists and grocers have already made a major assault on the UK footwear market. New research suggests there is likely to be further encroachment in 2005 from non-specialists attracted by the sector's superior growth.
The UK footwear market as a whole had a good year in 2003, driven by women's footwear, the increasing importance of fashion and increased space allocation by non-specialists. In fact, the proliferation of channels and the number of new entrants suggest that the footwear market is still viewed as an exciting and potentially lucrative sector.
The footwear market faces another year of upheaval as major consolidation in the sector looms, according to a new report from retail consultancy Verdict. Verdict on Footwear Retailers 2000 says that as the sector has been defined by major discounting for more than two years, the only way that many specialists will be able to secure a profitable future is by mergers and acquisitions.
Staff working at UK value footwear group Brantano are facing redundancy after the company was placed into administration, despite sustained efforts by management to make the business more commercially viable or to find a buyer.
UK value footwear group Brantano has been placed into administration, despite sustained efforts by management to make the business more commercially viable.
Some 5.5 million shoppers have abandoned the UK footwear market since 2007, according to independent retail analysts Verdict.
Dutch firm Macintosh Retail Group is to buy UK shoe retailer Jones Bootmaker for an undisclosed fee - reported to be in the region of GBP40m.
Macintosh Retail Group now owns 100% of Belgian footwear chain Brantano, it said, after a squeeze out for the remaining shares.
Macintosh Retail Group is poised to take control of Belgium’s Brantano footwear chain after securing 95.5% of the company’s share capital.
The Netherlands' Macintosh Retail Group intends to make a EUR55 (US$79.2) per share bid for Belgian footwear chain the Brantano Group.
The Brantano Group’s consolidated turnover during the first six months of 2007 was EUR152.2m (US$209.8m), up by 8.5% compared with 2006 interim, partially attributed to successful UK repositioning.
Shoe firm Brantano has posted a threefold increase in full-year 2006 net profit to EUR29.5m (US$38.70).
Value footwear retailer Brantano said first-half turnover dipped 3.8% to EUR140.3m (US$175.87m).
Discount shoe retailer The Brantano Group said its first-quarter turnover missed predictions, hurt by unseasonably cold weather and later Easter holidays.
Value footwear chain Brantano has reported a 2.1% rise in full-year sales after good fourth-quarter financial results.
Shoe group Brantano NV has reported a nine-month turnover fall, as UK same-store sales declined.
Belgium-based footwear retailer Brantano has lowered its sales and profit predictions for the full 2005 year after reporting a third-quarter sales slump.
Shoe retailer Brantano NV has agreed to implement International Business Machines’ supply chain management system based on the i2 for Retail suite of solutions.
Shoe chain operator Brantano’s turnover for the six-month period fell 6.6 per cent to €145.9 million compared to €156.3m a year ago, before the company had sold off its stores in the Netherlands and Denmark
Shoe chain Brantano has posted an increased first-quarter net loss of €2.7 million, affected by a €3.1m charge from the sale of its Danish stores.
Footwear retailer Brantano Nv has reported a first-quarter sales plummet after the company quit its Denmark and Netherlands businesses.
Belgian footwear company Brantano Group is planning a complete exit from the Danish market after failing to generate a profit there.
Shoe retailer Brantano on Thursday posted a 30 per cent rise in operating profit as it managed to keep costs under control amid rising sales.
Shoe retailer Brantano has posted a 6.2 per cent increase in 2004 sales to €322.6 million, with strong trading within the UK market helping it beat its target of €320m.
Shoe retailer Brantano is to sell its 38 stores in the Netherlands to Hong Kong retail and manufacturing company AS Watson Group for an unspecified sum.
Shoe company Brantano has recorded a consolidated turnover of €243.2 million for the first nine months of 2004 - a 5.8 per cent increase compared to the €229.8m recorded in the same period in 2003.
Belgian footwear retailer Brantano has announced a 4.2 per cent first-half increase to €156.3 million, and says that its full-year sales target is static at €305-310 million.
Footwear retailer Brantano has posted a 9.3 per cent year-on-year rise in first quarter turnover to EUR70.8 million.
Footwear retailer Brantano has outstripped analysts' expectations by posting pre-tax earnings of EUR15.9 million for full-year 2003.
Footwear retailer Brantano NV has posted a 1.5 per cent rise in full-year consolidated turnover to EUR303.8 million, up from EUR299.4m in 2002.
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