News Briefs Retail – Page 7
-
News briefs
Allbirds opens another store in the Boston area
Allbirds has opened its fifth retail site in the Boston area and one of the footwear brand’s biggest in the world. The store measures 3,700 square feet and uses natural materials throughout the space. It is located at 800 Boylston Street in the Prudential Center. Headquartered in San Francisco, the ...
-
News briefs
CCC’s shareholders approve capital boost
Shareholders of CCC Group approved plans for equity financing of up to 500 million zloty (€106.3 million), as the Polish group seeks to raise fresh cash to bring down debt. In an extraordinary general meeting on Nov. 17, shareholders approved a resolution to issue up to 14 million new shares ...
-
News briefs
Primark’s ‘click & collect’ trial crashes due to bigger-than-expected demand
Primark’s long-awaited online ordering trial has crashed after going live as it faced bigger than expected demand. Having resisted a move to internet shopping, the Irish fast fashion retailer decided to trial a “click & collect” service offering kids clothing, toys and nursery goods at 25 stores. However, shoppers are ...
-
News briefs
Cobblers Direct offers shoe repair services in DSW stores
Cobblers Direct has entered a partnership with DSW Designer Shoe Warehouse to offer shoe repair services in over 500 stores across the U.S. “We want customers to enjoy and get the most out of their purchases, so if they ever need a product repair, DSW’s partnership with Cobblers Direct ensures ...
-
News briefsClarks recalls womens shoes over toxic chemical warning
Clarks launched a global recall of eight styles of the Breeze and Brinkley womens shoes after tests found they contained toxins. The shoes are all navy or dark navy-blue coloured and introduced for the spring/summer 2022 season. The British brand noted that ”not all styles would have been sold in ...
-
News briefsNext maintains FY guidance as Q3 comes in ahead of expectations
Next maintained its full-year guidance as it posted a rise in third-quarter sales, despite soaring inflation hitting consumer spending. Full-price sales were up by 0.4 percent year-on-year in the 13 weeks to Oct. 29, slightly ahead of the expectations of the British fashion retailer. Online sales fell by 1.9 percent ...
-
News briefs
H&M’s Arket opens flagship in Paris
The first French flagship store of Arket, H&M’s “one-stop destination for sustainable fashion for women, men and children,” opens Nov. 4 in a sleek Scandinavian design at 13 Rue des Archives in Paris. The store covers 400 square meters on two floors and overlooks a courtyard with a terrace. Arket ...
-
News briefs
German energy price cap effective from early 2023
German energy price caps announced by the Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households ...
-
News briefs
EU considering further Belarus sanctions
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining…Belarus’ role and the potential need ...
-
News briefs
Clarks opens first U.S. store in 3 years
Clarks opened a 2,300 square feet store in the Amerian Dream mall in East Rutherford, New Jersey. It is the first store opened by the British footwear brand in the U.S. in three years. In an interview with Footwear News, Gary Champion, the president of Clarks Americas, said “this store ...
-
News briefs
Rugged outdoor footwear market rebounds in 2021
After a disappointing 2020, impacted adversely by the global pandemic, the global branded outdoor shoe market returned to growth last year. Worldwide rugged outdoor footwear sales climbed 28 percent higher to $6,756 million in 2021, based on research conducted by the Outdoor Industry Compass in partnership with Sporting Goods Intelligence. ...
-
News briefs
Skechers escorts Kanye West out of L.A. corporate building
Slowly but surely, Kanye West should realize that he is no longer welcome due to the antisemitic, racist and hateful remarks he made recently across multiple forums. After the recent contract cancellations with Adidas, Balenciaga, CAA, MRC and Gap, Skechers USA now released a statement in which it reports that ...
-
News briefs
Price growth in footwear is slowing down in the U.S.
In September, retail prices for footwear grew by 3.9 percent year-on-year in the U.S., the weakest increase in 18 months, according to Footwear Distributors and Retailers of America (FDRA). Meanwhile, overall inflation reached 8.2 percent in the country. Prices rose by 4.8 percent for women’s shoes, by 3.5 percent for ...
-
News briefs
U.K. drops VAT-free shopping scheme
The British Finance Minister, Jeremy Hunt, announced that the government no longer plans to introduce a scheme eliminating value-added tax (VAT) for overseas tourists. Hunt was appointed Finance Minister, or Chancellor of the Exchequer, on Oct. 14, replacing Kwasi Kwarteng. Kwarteng had to step down after only 38 days in ...
-
News briefs
U.K. to introduce VAT-free shopping for foreigners
During the presentation of new budgetary measures, Kwasi Kwarteng, the U.K.’s newly appointed finance minister, officially referred to as the chancellor of the exchequer, said that the government has decided to introduce VAT-free shopping for overseas visitors. “We will replace the old paper-based system with a modern, digital one. And ...
-
News briefs
The Russian fashion market has nearly halved
Between February and August of 2022, the sales of shoes, clothes and accessories in Russia plummeted by 40.5 percent against the same period of the previous year, according to Anush Gasparyan, spokesperson for the Moscow-based think tank Fashion Consulting Group. As many as 23 percent of the Russian customers surveyed ...
-
News briefs
More than half of German clothing retailers hit by supply issues
Overall German retailers are “very concerned” about the replenishing of their inventories and the situation could continue into the Christmas season, according to a survey carried out by the ifo Institute. In August, on average 77.5 percent of retailers complained about supply problems, up from 77.3 percent in July. Retailers ...
-
News briefs
EU plans to ban products made with forced labour
The European Commission has proposed to prohibit products made with forced labour on the European Union market. The proposal covers all products, including those made in the EU for domestic consumption and exports, and imported goods, without targeting specific companies or industries. “This comprehensive approach is important because an estimated ...
-
News briefs
BasicNet to open “Basic Village” in Milan
The Italian group BasicNet will open its “Basic Village” in Milan on Sept. 21 during Fashion Week. The 4,500-square meter space will feature offices, showrooms, restaurants, commercial activities and lofts. BasicNet Group is the parent company of the Kappa, K-Way, Sebago and Superga brands. K-Way accounts for 65 to 70 ...
-
News briefs
Saucony to boost its retail presence in Spain
Saucony, a brand of Wolverine Worldwide, is planning to open around 20 shop-in-shops at El Corte Inglés’ department stores across Spain between 2022 and 2023, Modaes has reported. Specifically, between ten and twelve units will open in the fourth quarter of 2022, devoted to its Originals product line. Six or ...
