News Briefs Retail – Page 14
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News briefs
Unichel now believes Russia may curtail counterfeiting with shoe tagging
The mandatory tagging of footwear coupled with increased control of the Russian market could curb the share of counterfeit shoes, said Vladimir Denisenko, the head of Russia’s main footwear producer Unichel. Denisenko was initially critical about the tagging project when it was launched by the Russian government on July 1, ...
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News briefs
U.K. accepts to extend provisional Brexit deal to April 30
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left the ...
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News briefs
Gap reportedly to close all British, Irish stores in July
The American fashion group Gap intends to close all of its stores in the U.K. and Ireland in July, in a move that could lead to the loss of hundreds of retail jobs, according to a report in The Times. Gap has 95 shops in the U.K. alone and is ...
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News briefs
Santoni launches online business in China
Santoni, the Italian brand of high-end shoes, has opened a store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba, as part of a direct-to-consumer, digital-first strategy for the market. Along with its TMall launch on Feb. 1, Santoni also opened an account on WeChat, through which ...
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News briefs
JD Sports head says Brexit “considerably worse” than expected
The impact of Brexit on trade is “considerably worse” than expected, Peter Cowgill, chairman of JD Sports Fashion told the BBC’s World at One program. He said that red tape and shipment delays to the European single market have resulted in “double-digit millions” in additional costs. Cowgill believes that the ...
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News briefs
Besson Chaussures plans about 12 openings in 2021
The French footwear retailer Besson Chaussures plans about 12 openings this year, of which six are scheduled in March, in line with the increase seen in 2020. Next month’s six openings are across France and represent stores ranging from 525 to1,300 square meters. The retailer, which was founded in 1982, ...
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News briefs
Dune to ask landlords to concede more
Dune is reviewing its business and will ask landlords to concede more as trading conditions remain difficult in the U.K. “The trading environment continues to be extremely tough, and like many other high street retailers, we are reviewing all aspects of our business to ensure we’re in the best position ...
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News briefs
Brexit controls suspended in Northern Ireland
Controls introduced in Northern Ireland due to Brexit were suspended Monday evening in the ports of Belfast and Larne due to threats to personnel. Mid and East Antrim council on Monday night announced it was withdrawing 12 of its staff at Larne port with immediate effect due to concerns for ...
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News briefs
Germans’ willingness to buy is in “freefall”
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 closure of the ...
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News briefs
French shoe retailers suffer 27.5% drop in 2020 sales
Going through two Covid-related lockdowns, French specialty retailers saw their average sales decline by 18 percent in 2020, although their online turnover jumped by 80 percent for the year, including a growth of 85 percent in December, according to their trade association, Procos. Shoe retailers suffered the biggest losses with ...
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News briefsL.K. Bennett debt restructuring plan cleared
The company voluntary agreement (CVA) of the upmarket British retailer L.K. Bennett was approved by creditors. It will result in five stores closing down and the remaining shops switching to turnover-based rents. The chain has 18 standalone stores. Among the creditors who voted against the CVA was the property company ...
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News briefsKlarna enters partnership with Verifone
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has entered a partnership with Verifone, a California-based provider of hardware products for payment processing, that will make Klarna available to millions of Verifone devices in the U.S. and Europe. The ongoing Covid-19 pandemic has impacted shopping ...
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News briefs
H&M sales resume decline from end Oct due to Covid resurgence
In the fourth quarter running from Sept. 1 to Nov. 30, Hennes & Mauritz (H&M) saw net sales decrease by 10 percent year-on-year in local currencies. For the whole financial year, net sales declined by 18 percent in local currencies due to the impact of the Covid-19 pandemic, according to ...
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News briefs
New anti-Covid measures in Germany
In concert with the governments of the individual Länder, the federal government of Germany has ordered the lockdown of all the brick-and-mortar stores that sell non-essential products, starting on Wednesday, Dec. 16. The new restrictions came after a spike in new contaminations from Covid-19. They will last until at least ...
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News briefsPremiata sees 2020 sales stable at €60 million
The Italian shoe maker Premiata expects to finish the year with sales of some €60 million, in line with 2019 and after a 17 percent rise in 2018. For next year, the company has decided to be more selective in Italy and trim its client portfolio, which will result in ...
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News briefs
Dune opens flagship in London
With the re-opening on Dec. 2 of non-essential stores in England following a four-week Covid-19 related lockdown, Dune London launched a new 1,650 square feet (153 square meters) flagship at 100 Liverpool Street, Broadgate, near London’s Liverpool Street station. The store has the brand’s complete men’s, women’s and accessories collections. ...
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News briefsVF opens its first multi-brand store
The VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland, The North Face and Napapijri – with dedicated show windows for each brand and ...
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News briefsDr. Martens opens a store in Dortmund
Dr. Martens has opened a store in Dortmund, increasing its network in the German region of North Rhine-Westphalia to four units. The other stores are located Cologne, Düsseldorf and Bonn. The latest store is on 60 square meters and situated in Dortmund’s main shopping street, Westenhellweg.
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News briefsAGL expands in Asia
The Italian shoe maker Attilio Giusti Leombruni (AGL) has opened a corner in the department store SKP Beijing as part of its expansion in Asia. AGL also intends to enter a partnership with a specialty retailer in Shanghai and is due to launch an store online for the region in ...
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