News Briefs Retail – Page 5
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News briefs
Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
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News briefs
Austria’s cities are losing retail space
Last year, the equivalent of 80 soccer fields of retail space, representing a total of 500,000 square meters, was lost nationwide in Austria, the annual S+M City Retail Health Check showed. Retail areas in the country’s city centers fell by 5 percent in 2022, while the vacancy rate increased to ...
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News briefs
FitFlop in India opens 2 more stores
FitFlop in India, the division of the Indian footwear retailer Metro Brands Limited which distributes the British footwear brand FitFlop in the Asian country, said that it has opened two more stores in the cities of Ahmedabad and Coimbatore. The stores are located in the Palladium Mall, Ahmedabad, and ...
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News briefs
Ted Baker in licensing agreement with Aldo
The American brand management company Authentic Brands Group (ABG) signed a long-term licensing agreement regarding the Ted Baker brand with the Aldo Group, a Canadian fashion retailer and wholesaler. Under the ageement Aldo will take on design, production and distribution of Ted Baker footwear and handbags at wholesale throughout ...
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News briefs
Skechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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News briefs
Shoe City sells 39 stores after failed acquisition by Arklyz
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business (GOB) sales. The news comes after the failed acquisition of the Baltimore-based retail chain by the Swiss retail group Arklyz. In the summer of 2022, Arklyz, the owner of ...
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News briefs
Boot Barn's COO retires
Boot Barn Holdings said that Gregory V. Hackman, its executive vice president and chief operating officer, plans to retire later this year. He will continue with the U.S. footwear retailer until his retirement date, currently estimated for June, and transition his responsibilities to other executives. Hackman has been Boot Barn’s ...
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News briefs
Ralf Ringer to stop selling footwear through third-party stores
Ralf Ringer plans to stop selling shoes through third-party multi-brand stores. The move is part of a new strategy under which the Russian footwear manufacturer and retailer intends to increasingly focus on developing its own stores and franchises. The company claims that multi-brand stores in Russia are massively moving towards ...
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News briefs
Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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News briefs
Kaporal files for receivership
Kaporal, a French ready-to-wear retailer specialized in denim, said that it has asked to be placed into receivership by a Marseille-based court due to “unprecedent economic difficulties.” Kaporal noted that over the past years it was affected by the yellow vest protest movement, the Covid-19 pandemic, various national strikes and ...
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News briefs
Neiman Marcus in exclusive partnership with Christian Louboutin
In partnership with the French footwear designer Christian Louboutin, Neiman Marcus unveiled an exclusive collection called “A La Piscine” (At The Swimming Pool in French). The collection features a full range of footwear and handbags in neon colors and splash print. It also includes newly added lifestyle product categories such ...
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News briefs
French footwear sales continue to be weak in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 0.2 percent month-on-month, according to the Bank of France. In January, sales of footwear dropped by 4.3 percent. Overall, retail sales in France fell by a seasonally and working-day adjusted 0.4 percent compared with January when they ...
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News briefs
ANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefs
Galeria Karstadt Kaufhof to close 52 stores
Galeria Karstadt Kaufhof, the troubled chain of German department stores, will close 52 of its 129 stores, putting at risk about 4,000 jobs at the points of sales and some 300 at its headquarters in Essen. A first batch of closures is scheduled on June 30, 2023, and another on ...
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News briefs
Consumer demand for footwear bounces back in Russia
In January 2023, Russian fashion retailers enjoyed an 11 percent year-over-year rise in revenues thanks to a 6 percent increase in customer traffic, Russian consulting firm Focus Technologies estimated, attributing the trend primarily to weaker competition due to the departure of numerous Western brands from the country following Russia’s invasion ...
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News briefs
Primadonna Collection aims for revenues of €120m in 2023
The Italian footwear and apparel retailer Primadonna Collection aims to post annual sales of €120 million this year after ending 2022 with a top line of about €110 million, the founder and manager Valerio Tatarella told the website Fashionmagazine.it. Tatarella also said that the brand plans to enter the Vietnamese ...
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News briefs
Snipes invests in a new logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefs
Skechers opens 2 more stores in Spain
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
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News briefs
JD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits over the next five years alongside a rapid store expansion, The plan also includes capital expenditure of £500-600 million (€560-673m) a year, with 50-60 percent of the spend focused on store expansion in underpenetrated markets. This ...
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News briefs
JD Sports leaves South Korea but plans major expansion in U.S. and Europe
JD Sports Fashion is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened ...
