News Briefs Retail – Page 12
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News briefs
Austria enforces lockdown for the unvaccinated
In Austria, retailers face the “lockdown for unvaccinated people aged 12 and older” that the government has just enforced. The new regulation states that unvaccinated individuals or those who have not yet contracted Covid-19 and recovered from it are not allowed to shop at non-food retailers (so-called “2G rule”). Furthermore, ...
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News briefs
Adidas strikes a cautious note after a 3.4% sales hike in Q3
Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...
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News briefs
OVS takes over Gap stores in Italy
The Italian apparel retailer OVS agreed to buy all 11 Italian stores of its U.S. peer Gap. The deal is anticipated to complete in February 2022. The two companies have worked together since early 2020. Through a franchise agreement, OVS offers GapKids in its stores and Gap Adult and Kids ...
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News briefs
Pajar opens its first store in the U.S.
Pajar, a Canadian family-owned fashion brand born in Montreal in 1963 and known for its footwear and outerwear, opened its first brick-and-mortar retail store in the U.S. The 2,500-square-foot shop is located in the heart of New York City at 114 Wooster Street in SoHo. It features roughly 300 footwear, ...
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News briefs
Moscow introduces a new lockdown
Due to the rapid increase in Covid-19 cases in Russia, Moscow’s mayor, Sergei Sobyanin, decided to introduce an 11-day lockdown from Oct. 28. Restriction includes all non-essential stores, schools and businesses. Non-vaccinated people over the age of 60 will not be allowed to leave their homes. The country’s president, Vladimir ...
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News briefs
Sales of premium fashion tripled in Russia
Sales of premium apparel, footwear and accessories in Russia tripled value in the first three quarters of 2021 compared to the same period of the previous year, according to the Russian data provider ODF. “April to June [2020] was the period of the toughest lockdown in Russia. Therefore, it was ...
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News briefs
Allbirds opens 2 stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has opened two new stores in the U.S. It opened a 2,892-square-foot retail store and community center in Cambridge on Oct. 15. It is the brand’s second store in the Boston area. On Oct. 12, the brand opened a ...
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News briefs
Eco shoes label Inuikii launches at Selfridges
This fall, London’s high-end department store Selfridges is set to join a number of other top-name outlets throughout Europe, including Galeries Lafayette in Paris, in carrying Swiss sustainable luxury footwear brand Inuikii. Available also online, via the Zurich-based company’s website, and others, including Nordstrom’s in the U.S., Inuikii specialises ...
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News briefs
Vögele Shoes hires a purchasing, marketing head
The Swiss footwear retailer Karl Vögele AG (KVAG), which operates the banners Vögele Shoes, Bingo and Max Shoes, has hired Timm Jacob as head of purchasing and marketing and joins the senior management team along with the chairman Christan Müller and the CEO and chief financial officer Max Bertschinger. Jacob ...
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News briefs
Faguo opens ‘eco-conscious’ store in Paris
Faguo’s new store at the Montparnasse train station in Paris purports to manifest “the most eco-conscious retail concept in France.” It follows similar stores in Amiens, Toulouse and elsewhere in Paris. Yet another such store is slated to open next month in Dijon. The French design firm behind the development, ...
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News briefs
Percassi opens another Nike store in Barcelona
Last year Nike made Italy’s Percassi Group its preferred partner in southern Europe, opening six stores with the Italian firm in Greece, Italy and Portugal as well as a flagship on a major thoroughfare in Barcelona, Paseo de Gracia. According to Palco23, a Spanish news service covering the sports business, ...
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News briefs
René Caovilla opens a store in Faubourg-St-Honoré
The Italian producer of luxury goods René Caovilla inaugurated a store in Paris’ rue du Faubourg-St-Honoré. The store has a VIP lounge that displays the brand’s most exclusive models.
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News briefs
Deichmann may double its store network in the U.K. over time
The German footwear company Deichmann plans to expand in the U.K., where it could gradually double its network of 109 stores. In an interview with the Financial Times, Samuel Deichmann, the 28-year-old great grandson of the chain’s founder who manages the British business, said that the company sees ”a lot ...
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News briefs
Klarna launches in Poland
Klarna, the Swedish banking, payment and shopping service with over 90 million users worldwide, officially launched in Poland on Aug. 18, partnering with H&M to introduce the “Pay in 30 Days” option and the Klarna app. Klarna will expand its presence in Poland with a local team and office in ...
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News briefs
El Corte Inglés to halve its suppliers
The Spanish department store chain El Corte Inglés plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from the Covid pandemic, which led it to book a net ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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News briefs
Bally develops direct-to-consumer channel in Russia
The Swiss footwear company Bally opened its first store in Moscow in cooperation with Brand-à-porter, which also manages mono-brand stores for Escada, Kenzo, Giuseppe Zanotti, A. Testoni and Tsumori Chisato and has its own e-commerce platform. The Bally monobrand store occupies 150 square meters of shopping space in the Crocus ...
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News briefs
New study says contactless card transactions will reach $2.5 trillion by 2021
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research. ...
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News briefs
Görtz expands its e-commerce reach
German footwear chain Görtz is further expanding its online presence with an accelerated overhaul of its retail strategy. Under the “Görtz Connected” concept, a cornerstone of the Hamburg-based company’s revamped digital-driven strategy consisting in enhancing its Goertz.de website with the opening of an online store for brand partners in ...
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News briefs
PacSun enters the sneaker resale market
The American clothing brand Pacific Sunwear of California (PacSun) has entered the sneaker resale market with the initiative PS Reserve. The service was launched on July 5 and is accessible through PacSun’s website. It offers a mix of sneakers, clothing and accessories from leading brands including Nike, Adidas and Supreme. ...
