News Briefs Retail – Page 6
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News briefs
Italian fashion sales decline in the first 7 months of 2024
Fashion sales, which include clothing, footwear, leather goods, accessories, home textiles and sports goods, fell by 8.1 percent year-on-year in value in July, according to the trade association Federazione Moda Italia-Confcommercio. The month corresponds to the summer clearance period for retailers. In the first half of 2024, fashion sales fell ...
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News briefs
Sustainability is becoming more important for Germans shoppers
Sustainability is playing a growing role in buying behavior among German shoppers, with nearly half of consumers now making sustainable purchases, according to the latest Sustainability Consumer Monitor from HDE, the German retail association. General sustainability awareness among consumers increased and the number of sustainability-conscious shoppers also ticked up, with ...
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News briefs
Sør closes eight stores
The German fashion retailer Sør is closing eight stores as part of its ongoing self-administration proceedings. According to the restructuring plan approved by creditors, the stores in Aachen, Baden-Baden, Frankfurt am Main, Cologne, Minden, Münster, Oberstdorf and Wiesbaden will shutter in the fall. Around 30 employees will lose their ...
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News briefs
Skechers expands its retail presence in Spain
Skechers is expanding its retail presence in Spain under the guidance of retail property consultancy Newmark Retail. The American footwear brand is opening two flagship stores in Madrid and one in A Coruña. The new flagships in Spain’s capital city will be in the Parque Oeste and Rivas Futura shopping ...
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News briefs
Birkenstock opens its 6th store in the US
Birkenstock opened its sixth company-managed store in the US in Austin, Texas. Located at 1007 South Congress Avenue, the store of the German footwear brand offers the services Bopis (buy online, pick up in store) and Boris (buy online, return in store).
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News briefs
German government presents a stimulus package
The German government presented a stimulus plan aiming to lift gross domestic product (GDP) growth by 0.5 percentage points in 2025, according to the economy minister, Robert Habeck. The package contains nearly 50 measures for households and companies and aims to generate €26 billion in additional economic activity. This year, ...
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News briefs
Shoe Zone cuts its guidance on higher transport costs, poor weather conditions
Shoe Zone further cut its full-year guidance and now expects adjusted profit before tax for the financial year ending Oct. 2 to be “not less” than £10.0 million pounds (€11.8m). The British footwear retailer said that it has continued to experience cost pressures associated with container prices due to a ...
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News briefs
Hogan offers the best customer service in Italy among footwear firms
Hogan was voted the footwear company offering the best customer service in Italy, according to Statista’s survey Italy’s Best Customer Service 2024/2025. With a score of 9.06 points, the brand, which is part of the Tod’s group, is among a cohort of 20 companies from different categories to have a ...
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News briefs
Golden Goose introduces summer retail concept
Italian luxury sneaker brand Golden Goose is unveiling Bar Golden, a new retail experience inspired by the Italian culture and design of the 1960s. The new concept is launching in the seaside resorts of Forte dei Marmi, Italy, and Bodrum, Turkey. The stores showcase a selection of vintage objects such ...
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News briefs
Broker sees ‘green shots’ for H&M’s sales growth
H&M Hennes & Mauritz’s sales are showing signs of a recovery which could lead to higher profit margins this year and next, according to the broker UBS. “We share investor concern on lack of a clear top line recovery but gain confidence from a raft of measures leading to green ...
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News briefs
IKKS obtains capital injection, debt write-off
IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the French fashion retailer, Ludovic Manzon, told the news agency AFP. “Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely ...
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News briefs
Wojas to exit Belarus
The Polish footwear retailer Wojas has notified its customers in Belarus about the imminent closure of all its stores in the country. Local press reported that the decision had been taken in the wake of Belarusian sanctions, which barred footwear imports from five European countries. Wojas runs three stores in ...
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News briefs
Don’t Call Me Jennyfer exits receivership
The French fashion retailer Don’t Call Me Jennyfer said that it is exiting receivership after its relaunch plan was approved by a commercial court in Bobigny, in the outskirts of Paris. The plan, which was presented to the court in May, involves an initial investment of €15 million that will ...
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News briefs
Foot Locker to spend as much as $1bn on stores
In line with the strategy laid out in March of last year, the “Lace Up Plan,” Foot Locker is looking to invest up to $1 billion in opening and renovating stores in a new format all over the world, according to Modaes and other sources. More in our sister publication ...
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News briefs
Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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News briefs
White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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News briefs
JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
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News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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News briefs
Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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News briefs
Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
