Conflicting trends on footwear sales in May

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Shoe stores in Sweden fell sharply in May, according to recent figures from Svensk Handel Stil.
But the shoe chain Rizzo grew by eight percent in comparable units.


Venue Retail Group runs retail operations through two business areas, Accessories (Accent and Morris chains) and shoes (Rizzo).
Accessories accounted for about 73 percent and footwear for approximately 27 percent of consolidated sales in fiscal year 2013/2014.

According to the recent sales report, Rizzo continued with a strong sales growth and outperformed once again the market numbers. The market for shoes fell in May by 9 percent, while Rizzo grew by 8percent in comparable units.

Venue Retail Group’s total sales in May 2015 amounted to 64 MSEK (64) and sales in comparable units increased by 3 percent compared with the previous year.