News Briefs Retail – Page 10
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News briefs
Castañer 2021 sales rise to over €19m
Castañer said that it posted a signficiant increase in sales last year to €19.3 million, however without giving an exact figure for the rise. The Spanish producer of espadrilles indicated that retail sales rose by 45 percent, with the gross margin improving by 2 percentage points, and digital revenues grew ...
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News briefs
Fratelli Rossetti 2021 sales rise by 40%
Fratelli Rossetti posted sales of €40 million in 2021, up by 40 percent year-over-year. In an interview with the daily Corriere della Sera, Diego Rossetti, the chairman of the Italian luxury footwear producer, indicated that the company does not rule out opening its capital to investment funds to finance ...
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News briefs
Job portal for Ukrainian refugees
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative Händler helfen Händlern (retailers support retailers) as ...
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News briefs
German retail supply problems worsen in February
Supply problems in German retail have worsened again in February but the clothing industry faired better than other sectors, according to a survey by the research institute ifo. In February, 76.3 percent of overall retailers said that they did not receive all the goods they ordered. In January, the figure ...
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News briefs
Hotter Shoes partners with True Fit
Hotter Shoes has entered a partnership with True Fit, a customer experience platform that decodes fit and size, to help customers shop online. The British footwear brand claims that 90 percent of new clients are now acquired through digital channels. True Fit will leverage its AI-powered algorithm to enable Hotter ...
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News briefs
Tod’s wins public tender for exclusive Milan store
Tod’s has won an auction to rent a store in Galleria Vittorio Emanuele II, Milan’s iconic shopping arcade, which is next to the city’s cathedal. In a public tender, the Italian luxury leather goods producer offered to pay an annual rent of €1.805 million for the 249-square-meter store, which is ...
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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News briefs
Allbirds opens a store in Charlotte
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel, opened its first store in Charlotte, U.S. The 2,964 square foot space is the company’s 36th store worldwide. ”Displays around the shop call attention to the merino wool, sugarcane, tree, and other materials that its ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
US footwear sales exceed $100bn in 2021
Footwear sales in the U.S. rose by 29.8 percent in 2021 to a record $100.7 billion, according to the trade association Footwear Distributers and Retailers of America (FDRA), which claims to represent 95 percent of all U.S. shoe companies. It noted that the record was helped by a 20.5 percent ...
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News briefs
Global sports shoe market to grow strongly this decade
Global sales of athletic footwear are expected to grow strongly this decade according to two separate reports. The surveys have different estimates but both highlight the robust upward trend of the industry. The market is expected to reach $165 billion in 2030, representing a 50.4 percent increase from the $109.7 ...
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News briefs
Bisgaard to launch a women’s collection in Germany
Bisgaard is launching a women’s collection in Germany, collaborating with Düsseldorf-based agency Muth. The Danish brand already sells children’s shoes in about 700 doors in Germany. Under the partnership deal, Muth will manage the distribution of Bisgaard’s women’s collection in the new market starting from the next autumn/winter season. The ...
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News briefs
Legero and Gore-Tex expand collaboration with new product display
The Austrian-based footwear group Legero United and the fabric manufacturer Gore-Tex have decided to expand their long-standing collaboration. The two companies announced an innovative, interactive installation display for the Humanic store on Graz’s Herrengasse. Their joint shoe models will be displayed alongside projected moving images of natural landscapes ...
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News briefs
Frankie4 opens its first store in the U.S.
Frankie4, an Australian brand of premium comfort footwear, opened its first store in the U.S., as well as its U.S. headquarters, in Capitol Hill, one of Seattle’s hippest neighborhoods. The move comes after the launch in 2021 of the brand’s American e-commerce business. The store will offer the full Frankie4 ...
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News briefs
Aquazzura picks Cegid Retail for its stores
Aquazzura has chosen Cegid’s unified commerce and point-of-sale (POS) platform Cegid Retail to offer a more personalized consumer experience and further the digital transformation of its stores. The Italian luxury footwear brand was founded in Florence in 2011 and has stores in Italy, France, the U.K., Middle East and America. ...
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News briefs
Kurt Geiger plans to open 13-15 stores in 2022
Kurt Geiger plans to open a new shop every month this year as the British luxury footwear and accessories retailer gains clients, the chief executive Neil Clifford told the daily The Times. This could result in the opening of 13-15 Kurt Geiger stores this year, the highest number since 2008. ...
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News briefs
Metro Brands Q3 sales up by 59%
In the third quarter ended on Dec. 31, the Indian footwear retailer Metro Brands posted a 59.0 percent surge in consolidated sales to 4,840 million rupees (€57.3m-$65.0m) lifted by an expansion of the store network and the lifting of anti Covid-19 measures. The quarter was the first since March 2020 ...
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News briefs
Dozens of shoe stores damaged in Kazakh unrest
Several dozens of shoe stores were damaged by the unrest in Kazakhstan during the first week of January, according to local reports. The National Chamber of Entrepreneurs of Kazakhstan calculated at 88.1 billion tenges (€178m- $200m) the damage caused to businesses by the rioters. More than 90 percent of the ...
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News briefs
Next cuts sick pay for unvaccinated staff isolating after Covid contact
The British fashion retailer Next is cutting sick pay for unvaccinated staff who must self-isolate due to exposure to Covid-19. The move means that unvaccinated workers required to isolate after being identified as a close contact of someone with Covid could receive as little as the UK’s statutory sick pay ...
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News briefs
Rizzo’s debt restructuring to be discussed Jan. 24
The Stockholm District Court will hold hearings on Jan. 24 to discuss a debt restructuring proposal for Rizzo and its subsidiary Rizzo International. The court also approved to Rizzo’s request to extend its restructuring period for an additional three months to March 21. The Swedish retailer’s composition offer involves the ...
