Retail & Distribution – Page 14
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ArticlePayPal to launch buy now, pay later solution in Q4
PayPal, the American online payment provider, announced that it will launch early in the fourth quarter “Pay in 4”, a short-term installment payment scheme for customers in the U.S. The service will permit merchants to be paid upfront while customers can pay for purchases between $30 and $600 over a ...
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ArticleMK Gruppe and Merkur Shoe Group join forces
The German purchasing groups MK Gruppe and Merkur Shoe Group have struck a deal to work together in a bid to tackle and respond to the changes in the footwear market through a shared strategy. The collaboration is set to start with the orders for the autumn/winter 2021 season ...
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ArticleObuv Rossii parent launches capital hike to finance its development
OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...
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German shoe industry joins forces to launch data sharing platform
Germany’s shoe industry has joined a wide-ranging alliance to set up a data exchange and clearing platform for the sector. The footwear buying groups ANWR and Sabu, the shoe and leather goods industry association HDS/L and the merchandise management providers ETOS and Brandt Retail groups have agreed on a joint ...
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ArticleFashion retail in Russia fails to return to pre-crisis sales levels
In Moscow, turnover of the fashion retail market has stabilized at 72 to 75 percent of pre-coronavirus crisis levels, research conducted by the Moscow-based IT company Evotor showed. Fashion retail is recovering slower than other retail segments, and as of the end of July the growth in turnover on this ...
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ArticleAktiv Schuh files for bankruptcy as pandemic ravages sales
Aktiv Schuh filed for bankruptcy at the district court of Berlin-Charlottenburg on July 23, applying for self-administration due to an impending insolvency as a result a sharp decline in sales stemming from the restrictions caused by the coronavirus pandemic. After a promising start to 2020, sales dipped from March to ...
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ArticleHotter Shoes to close 46 stores as CVA approved by creditors
UK footwear chain Hotter Shoes will press ahead with plans to close 46 stores after creditors approved a Company Voluntary Arrangement (CVA) to restructure the firm during the coronavirus pandemic. The CVA was approved by 99.5 percent of voting creditors, including an “overwhelming majority of landlords”, passing the legal 75 ...
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ArticleFootwear production is on the rise, while retailers review their strategy
Footwear manufacturers have returned to production levels ranging from an estimated 50-80 percent in India, China and Portugal after the havoc caused by the Covid-19 pandemic. But the outlook remains uncertain and the crisis has led some players to rethink distribution and retailing.
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ArticleVögele Shoes goes multichannel, focuses on digitalization
Swiss footwear retailer Vögele Shoes is revising its strategy and organization in a bid to reposition itself as an omnichannel retailer and cater to its customers’ needs through a data-driven approach and a wide range of digital touchpoints. During the Covid-19 related lockdown, Karl Vögele AG, which owns the banners ...
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Chaussea obtains 128 La Halle stores
The French footwear retailer Chaussea is taking over 128 stores and 700 employees of the apparel and footwear retailer La Halle, which is being sold piecemeal after filing for insolvency. Founded in 1984 in Valleroy, near Metz, by Gaëtan and Michel Grieco, the sons of Italian immigrants from Basilicata, the ...
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Obuv Rossii enter logistics partnership with the Russian state mail operator
Obuv Rossii, a leading Russian footwear retailer, has appointed the country’s state-owned mail operator Russian Post its main logistics partner. The postal operator will be handling the delivery of orders from Obuv Rossii’s central warehouse to customers in Siberia. Russian Post has the largest network in Russia, with more than ...
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Marc Fisher takes over Calvin Klein footwear license in North America
Marc Fisher Footwear has entered a multi-year license agreement with Calvin Klein for the design, production and distribution of both Calvin Klein and Calvin Klein Jeans women’s and men’s footwear collections in the U.S. and Canada. The move comes as the footwear license held by Jimlar, a unit of Global ...
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Hotter Shoes submits debt restructuring plan to creditors
UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private Equity, ...
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Floris van Bommel enhances the delivery service to retailers
The Dutch shoemaker Floris van Bommel has reorganized the delivery service to wholesale clients to increase flexibility. For the spring/summer 2021 season, five delivery time windows will be offered to retailers, up from three previously. Delivery slots will now be available in November, December, January, February and March. ...
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Only a quarter of U.K. companies are ready for Brexit
Only 24 percent of U.K. business leaders believe that their businesses are fully ready for the end of the Brexit transition period, which concludes on Dec. 31, according to a survey by the Institute of Directors (IoD). According to the survey, 19 percent of respondents said that they are ...
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ArticleFootwear fails to keep pace with upswing in online sales in Germany
Despite enjoying a recovery, online sales of footwear lagged other product categories in Germany during the second quarter. As the country eased lockdowns imposed in a bid to counter the coronavirus pandemic, online sales reported a higher-than-average increase in the second quarter, swinging back to growth after a slump ...
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ArticleMandatory tagging of footwear is finally introduced in Russia
After several delays and despite the continuing protests of some market participants, the Russian government has introduced a mandatory tagging of footwear on the domestic market from July 1. Now, all shoes not featuring Data Matrix tags will be illegal. The government estimates that this measure will wipe out counterfeit ...
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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ArticleCovid-19 spurs rent renegotiations, partnerships
Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...
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Belarus footwear market heavily hit by coronavirus
Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov, during a press conference on June 23. Even market leaders such as Belwest and Marko, which have their own production facilities, are suffering, because the ...
