News Briefs Retail – Page 9
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News briefs
Germany faces ‘very difficult’ choices due to gas shortage
Germany faces gas shortages and will have to make “very difficult” choices for households and companies if Russian supplies continue to decline, warned the Economy Minister Robert Habeck. “We will have to close certain industrial activities…For some sectors it will be catastrophic. We aren’ talking about two days or two ...
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News briefs
U.K. consumer confidence at record low
Consumer confidence in the U.K. in June hit a new record low of -41, down from -40 in May and -9 in June 2021, according to data released by market research group GfK. “With prices rising faster than wages, and the prospect of strikes and spiralling inflation causing a summer ...
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News briefs
French footwear sales surge in May
Retail sales in France in May rose by 0.6 percent in volume from April on a calendar and seasonally adjusted basis with a 2.8 percent decline in food sales offset by a 1.8 percent increase in the sales of manufactured goods, according to data released by the Bank of France. ...
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News briefs
Nike pulls out of Russia
The U.S. sportswear company Nike is pulling out of the Russian market. The brand had already suspended its activity in the country on March 3 following Russia’s invasion of Ukraine on Feb. 24. In a statement, the brand said that it would not reopen the stores that it had closed ...
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News briefs
Walmart has a controlling stake in AI robotics automation provider
The U.S. retailer Walmart has a 62.2 percent stake in Symbotic, a provider of artificial intelligence-enabled robotics automation technology, according to a filing with the US Securities and Exchange Commission. On June 8, Symbotic became a listed company on Nasdaq through a merger with the special purpose acquisition company SVF ...
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News briefs
Bata aims to double its Italian franchise network in 3 years
Bata, the Lausanne-based shoemaker plans to increase the number of its stores in franchising from about 90 currently to 200 by the end of 2024. The expansion of the network will focus on opening stores in the center of towns with a population of 40,000-80,000. The brand is also interested ...
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News briefs
ANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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News briefs
OR Group undergoes a restructuring
The Russian footwear retailer OR Group, formerly known as Obuv Rossii, announced that its online marketplace Westfalika temporarily stopped accepting orders, as a part of an anti-crisis program embarked on by the company. OR Group has also started restructuring its retail network, closing the least profitable stores. In particular, three ...
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News briefs
Arklyz buys Shoe City
Arklyz Group, the owner of the athletic specialty footwear and lifestyle retailer, The Athlete’s Foot (TAF), has bougth Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with an online platform www.ycmc.com. Shoe City is an established local business, having started with one location in Baltimore in 1949. ...
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News briefs
Record loss for Footway in Q1
After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at a negative71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK 12.8 million in the first quarter of ...
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News briefs
Vans opens a new store in Milan
Vans has opened a three-story, 300-square-meter shop in Milan’s Via Orefici at the Orefici11 retail space, which also hosts brands like The North Face, Timberland and Napapijri. It is Vans’ 36th store in Italy and its fifth in Milan.
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News briefs
Allbirds opens two stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, opened two stores in the U.S., bringing its global network to 43 units. The brand opened a new 3,975 square foot space retail store and community center in Fulton Market. It is its third store in the Chicago area. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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News briefs
Russell and Bromley to open a store in Dublin
The British footwear brand Russell and Bromley plans to open a store in Dublin, its first outside its domestic market, this autumn. The 1,300 square-feet store will be located in Grafton Street and will comprise the brand’s men and womenswear collections. The chief executive, Andrew Bromley, described the opening as ...
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News briefs
Görtz wins German store of the year award
The German footwear chain Görtz was among the winners of the Stores of The Year awards, handed out by the German retail association, Handelsverband Deutschland, during the Retail Property Conference in Berlin. The award honors outstanding and innovative retailers who redesigned or renovated their stores in the last year. ...
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News briefs
Yandex.Market launches new online platform
Yandex has introduced a new platform called RUM within its online marketplace Yandex.Market where Russian fashion brands are invited to create storefronts in order to improve brand recognition. The new platform is designed to help Russian clothing and footwear brands to attract more customers and increase sales “by creating its ...
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News briefs
Russia authorizes parallel imports
The Russian Industry and Trade Ministry on May 6 published a list of goods allowed for import without permission from the brand’s owner, which involved a broad range of fashion and sporting goods companies, including Zara, H&M, Decathlon and Uniqlo. The system, commonly known as parallel imports, has been designed ...
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News briefs
Next Q1 sales in line with guidance
In the thirteen weeks to April 30, which corresponds to its fiscal first quarter, Next’s full price sales rose by 21.3 percent year-over-year, in line with the guidance of the British apparel retailer. The company maintained its full-year guidance of full price sales up by 5.0 percent, profits before tax ...
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News briefs
Gucci to accept cryptocurrency payments
Gucci will begin to accept payments in cryptocurrencies in a selection of its U.S. stores at the end of May. The Italian fashion house owned by the French luxury goods conglomerate Kering will initially allow payments for purchases in cryptocurrencies in the following stores: Gucci Wooster in New York, Rodeo ...
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News briefs
Take Off opens six stores in Italy
The Italian apparel and footwear retailer Take Off is opening six stores in Italy with sizes varying from 60 to 260 square metres. The stores will be located in Lombardy, Calabria and Puglia and will represent a combined floor space of more than 800 square meters. Two stores will be ...
