News Briefs Retail – Page 15
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News briefs
Shoe Zone sales take £12 million hit with 2nd lockdown in England
Shoe Zone warned that the second Covid-19 related lockdown in England has trimmed its revenues by at least £12 million (€13.4m-$16.0m) compared with the previous year despite “good gains” in digital sales. More recent lockdowns in certain areas of Scotland and all of Northern Ireland have further exacerbated the impact ...
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News briefsUgg opens new flagship in New York
Ugg, the Southern Californian lifestyle brand part of Deckers, opened a new flagship at 530 Fifth Avenue in New York City. The multi-level 12,842 square foot store marks a new concept and offers an expansive collection of footwear, ready-to-wear, accessories and home products. The brand plans to roll out a ...
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News briefsUnichel claims tagging has not eradicated counterfeiting in Russia
The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova, development director of the shoe producer and retailer, Unichel. So far, the project has only had a negative impact on legitimate businesses, resulting as an additional control ...
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News briefsFLO enters the Ukrainian market
The Turkish footwear brand FLO Mağazacılık is opening its first store in the Ukraine, in the Ocean Plaza shopping center in Kiev. The company will sell its own and third-party brands, including Kinetix, Polaris, Lumberjack, Butigo, Dockers by Gerli, and Mercedes. In the future, FLO plans to introduce the Nine ...
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News briefsRumbo to close down
The Spanish footwear retailer Rumbo will close down after having failed to reach an agreement with its creditors to relaunch its business. The Murcia-based company has 68 stores and posted sales of about €25 million in 2019. Rumbo went into administration in June, but the court-appointed administrator, the legal firm ...
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News briefsVRG rebrands Accent stores as Rizzo
Venue Retail Group (VRG) is converting its Accent stores in Sweden and Morris stores in Norway to a new store concept which it has been testing since July 1 and currently has four pilot shops. The pilots have shown “a very positive development and we have received the answers we ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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News briefs
French economy risks “collapse” with new lockdown
A new total or partial Covid-19-related lockdown could lead to a “collapse” of the French economy, according to the Confederation of Small and Medium-sized Enterprises (CPME). CPME warned that companies are currently “much weaker” than in March, when the government introduced a lockdown, and many, especially the smaller ones, would ...
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News briefsClarks reportedly plans to close 50 stores
The Hong Kong-based private equity firm LionRock Capital wants Clarks to reach a Company Voluntary Arrangement (CVA) with its creditors before investing into the British footwear group, according to Sky News. A CVA would enable Clarks to close up to 50 stores and renegotiate rents for the rest of the ...
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News briefsRussia reportedly planning to limit shoe imports
The Russian government is mulling over measures aimed at limiting footwear imports, according to the Russian press. The local authorities plan to take advantage of the situation created by the Covid-19 pandemic, including a slump in the import of fashion goods and restrictions on international travel, to expand the domestic ...
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News briefs
Dielmann to close 13 stores
Schuhhaus Dielmann, the German footwear chain currently placed into administration after the launch of creditor protection proceedings, will close 13 stores by the end of the year. The shops operate under the names Dielmann, Dstep and Sommerkind. In a statement, the company added that clearance sales will start in the ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional 50 roles ...
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News briefs
Russian shoe market nearly 3 times larger than previously estimated
The recent introduction of mandatory tagging of footwear in Russia has shown that up to 1.3 billion pairs of shoes are sold in the country on average per year. This is nearly three times more than previous official estimates, said Denis Manturov, the Russian industry and trade minister The tagging ...
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News briefsAllbirds enters South Korea
Allbirds, the Californian brand of sustainable footwear, has entered the South Korea market. The brand was created in 2016 by Joey Zwillinger and Tim Brown with one model, the Wool Runner, which uses superfine merino wool from New Zealand. Allbirds said that it had planned to enter the Korean market ...
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News briefs
L.K. Bennett introduces cluster managers
The British premium womenswear retailer L.K. Bennett has introduced cluster managers who will be responsible for more than one location. The move will result in 19 redundancies. The company said that the reorganization stems from a decline in trade in stores, while the retailer has seen a significant increase in ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+, its much anticipated response to Amazon Prime. Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited free delivery from stores, ...
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News briefs
Russian shoe market may recover from mid-2021
The most optimistic forecast envisages that the sales on the Russian fashion market will recover only around mid-2021, Anna Lebsac-Kleimans, director of the Russian analytical agency Fashion Consulting Group said. In 2020, sales are likely to contract by 25 to 40 percent compared to the previous year, she said. The ...
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News briefsFinn Comfort and Kaufregional bring businesses and customers together
Finn Comfort, the German comfort shoe manufacturer, has joined the Kaufregional e-commerce platform in a bid to boost its visibility in the local market and gain access to an additional sales channel as the coronavirus crisis drags on. Finn Comfort was established 75 years ago in the small town of ...
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News briefs
Wolverine adopts First Insight's consumer analytics
Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds. The deal follows a successful test conducted by Hush Puppies in different regions ...
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News briefsCamtrade rebranded The Enjoiya Group
The U.S. women’s wholesale footwear firm Camtrade has changed names to The Enjoiya Group. The company manufactures and distributes three shoe brands, Enjoiya, Secret Celebrity and Soft Comfort. They have an emphasis on comfort and fit, with price-value also a key component in the market positioning. Enjoiya is the company’s ...
