The propensity to buy of German consumers is “in freefall,” according to the think tank GfK . Hit by strict Covid-19 related lockdowns, consumer confidence in Germany is seen falling to -15.6 in February from -7.5 in January, which was revised from an original reading of -7.3. “The ...
The Russian footwear retailer Zenden Group has launched an innovative retail format called Digital Fashion Lounge , or Fage in its shortened form. The first store in the new format has been opened in the Kashirskaya Plaza shopping center in Moscow. Currently, Zenden Group operates nearly 250 ...
Russia’s biggest shoe manufacturer, Unichel , is restructuring its retail network to mitigate the impact of the Covid-19 pandemic. At the beginning of 2020, Unichel ran 600 stores in 250 cities in Russia and Kazakhstan, but last year it shut down 40 stores and opened 30 new ones, in ...
