News Briefs Retail – Page 6
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News briefs
JD Sports is the target of a cyber attack
JD Sports Fashion said that it has been the target of a cyber incident which resulted in the unauthorized access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020. The affected JD Sports group brands are JD, Size?, Millets, Blacks, ...
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News briefs
Foot Locker to wind down Sidestep
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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News briefs
Russian cut spending in footwear
A vast majority of Russians cut spending on clothes and shoes in the second half of 2022, according to a survey conducted by the local analytical agency A2: Research. The bulk of those surveyed, about 44 percent, reduced their spending by 20 to 30 percent compared to the previous year. ...
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News briefs
Kazakhstan could face a sharp increase in footwear prices
New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...
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News briefs
French footwear sales up 7.3% in December
In December, French footwear retail sales increased by a seasonally and working day adjusted 7.3 percent month on month, according to the Bank of France. In November, sales of footwear grew by 3.3 percent. Overall, retail sale volumes in France inched up a seasonally and working day adjusted 0.5 percent ...
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News briefs
U.K. retail sales unexpectedly fell in December
In December, retail sales in the U.K. fell by 1.0 percent month-on-month in volume after dropping by 0.5 percent in November, revised from an earlier reading of a 0.4 percent decline, according to data released by the Office for National Statistics that noted that sales volumes were 1.7 percent lower ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
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News briefs
Turkish inflation slows down
Turkish consumer prices rose by 64.27 percent year-on-year in December, slowing down from an 84.39 percent increase in November, according to the statistics office Tuik. Prices for clothing and footwear were up by 25.87 percent. It was the category that registered the lowest annual increase in December. Month-on-month, overall inflation ...
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News briefs
China drops Covid quarantine for in-coming travelers
Chinese health authorities announced that the countrywill abolish mandatory Covid-19 quarantine for travelers coming into the country from Jan. 8. The decision was made despite a jump in Covid cases in the country, which are estimated to have reached 250 million over the last three weeks. Meanwhile, countries including Japan ...
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News briefs
Skechers opens a flagship store in Ireland
Skechers has opened a flagship store on Dublin’s Grafton Street. In addition to the Henry Street concept store and four other retail outlets in the greater Dublin area, the new 929 sqm location is designed to showcase Skechers’ extensive range and technologies in one of Ireland’s busiest neighborhoods and expand ...
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News briefs
Primark on track to open 27 stores in its fiscal year
Associated British Foods, the conglomerate that owns Primark, said that so far in the fiscal year, which started on Sept. 18, 2022, the trading performance of the clothing retailer “has been encouraging.” Primark is on track to open 27 new stores in the fiscal year, ten of them opening in ...
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News briefs
Birkenstock opens fourth U.S. store
Birkenstock has opened its fourth company-owned store in the U.S. in the Marin Country Mart in Larkspur, California. The German brand’s other U.S. stores are in Brooklyn and SoHo in New York and Venice Beach, California.
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News briefs
China eases Covid-19 restrictions
China announced a general relaxation of Covid-19 health rules, authorizing patients with mild symptoms and for asymptomatic cases to quarantine at home. Previously, such cases were sent to mass quarantine centers. The National Health Commission also indicated that negative PCR test results will no longer be needed for domestic travel ...
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News briefs
Primark unveils €100m Spanish investment plan
Primark plans to invest €100 million in opening new stores and refurbish existing ones in Spain. The Irish clothes retailer, owned by Associated British Foods, will open eight new stores throughout the country, including the island of Lanzarote and the enclave of Melilla, Primark said in a statement. As part ...
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News briefs
Next buys fashion retailer Joules, saving 1,450 jobs
The British apparel and footwear chain Joules has been bought out of administration by its founder Tom Joule and Next in a deal that will save 1,450 jobs. Next will buy around 100 Joules shops for £34 million (€39.5m) and take a 74 percent stake in the company after a ...
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News briefs
Nike stores re-open in Russia under a new banner
The first Nike store was re-opened in Russia under the banner Nike Sport Point in the Outlet Village shopping center in Moscow. On June 23, Nike announced its decision to pull out from Russia in the wake of the country’s invasion of Ukraine. Following the move, the Cheryomushkinsky Court of ...
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News briefs
H&M cuts 1,500 jobs
H&M is reducing its workforce by about 1,500 positions as part of a cost savings and efficiency program. Overall, the Swedish retailer estimates the program will provide annual savings of about SEK 2 billion (€182.2m), which it expects to “become visible” in the second half of 2023. The program is ...
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News briefs
U.S. footwear site traffic flat during Black Friday
In the U.S., footwear retailers experienced flat site traffic during Black Friday compared with the Black Friday of 2021. For all retailers surveyed, traffic grew 11 percent, according to Bluecore, a retail marketing platform. The total number orders fell by 8 percent year-over-year for footwear retailers but increased by 5 ...
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News briefs
Deckers is the winner of Black Friday in the U.S. according to a broker
Deckers Brands, the parent company of the Ugg brand, was named the clearest winner of the Black Friday week in the U.S. by the footwear and apparel team at Wedbush Securities. Ugg was one of the only brands tracked by Wedbush that was less promotional during the week in the ...
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News briefs
Primark unveils £140m investment to open 4 new stores, create jobs
Primark plans to invest £140million (€163.1m) as it looks to increase footfall during the cost of living crisis hitting the U.K. The program will result in the opening of four new stores and the creation of at least 850 jobs. Associated British Food, the parent company of the fast fashion ...
