Retail & Distribution – Page 3
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ArticleWolverine sells assets in Asia for $70m
Wolverine Worldwide announced the sale of assets in Asia that will generate a combined $70 million in proceeds and further streamline the group’s structure. The U.S. company will raise $61 million by exercizing an option to sell a minority ownership interest in the entity that owns the Saucony intellectual property ...
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ArticleVF’s fulfilment operations affected by cyber attack
VF Corp. suffered a cyber attack on Dec. 13 which is affecting its capacity to fulfill orders. On Dec. 13, VF “detected unauthorized occurrences on a portion of its information technology (IT) systems. Upon detecting the unauthorized occurrences, the company immediately began taking steps to contain, assess and remediate the ...
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ArticleCharles & Keith choses Bleckmann as its logistics partner in Europe
Charles & Keith, a Singapore-based fashion brand known for its premium women’s footwear and accessories, selected Bleckmann, an Eindhoven-based provider of supply management solutions for fashion and lifestyle brands, as its exclusive third-party logistics (3PL) fulfilment partner in the U.K. and Europe. Charles & Keith required “a 3PL solution that ...
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ArticleClarks set to axe UK 103 jobs and announces Benelux tie-up with GAB
Clarks is cutting more than 100 jobs in response to economic headwinds and the cost-of-living crisis that has seen British consumers tighten their belts in response to soaring inflation. The U.K. footwear company said it expected tougher trading conditions to continue into next year and would need to manage overheads ...
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ArticleEuropean footwear brands returning to the Russian market
Nearly 15 percent of European footwear companies that pulled out from the Russian market last year have returned to the country, the Russian footwear union estimated. Germany’s Ara and Italy’s Igi&Co are examples of the Western shoe businesses resuming operations in Russia, the organization reported. Following Russia’s invasion of Ukraine ...
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ArticleGörtz plans comeback in Austria with new openings, retail concepts
The Hamburg-based shoe retailer Görtz is off to a fresh start with new openings and revamped retail concepts after a troubled year and the recent change of ownership. The chairman, Bolko Kissling, who is also managing director of Vienna-based CK Technologies GmbH, is launching from Nov. 25 eight pop-up ...
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ArticleGerman retailers expect a weak Christmas shopping season
Retailers across Germany have a bleak outlook for the Christmas shopping season, according to the German Retail Federation (HDE). More than half of retailers in the non-food sector in Europe’s biggest economy are expecting weaker sales during the key Christmas period this year, as geopolitical concerns are set to put ...
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ArticleHow an Italian shoe maker is dealing with the change of aspirations of its workers
The footwear industry in Italy, as in many other developed countries, is having to tackle with an aging workforce and a lack of appeal for young people, which has resulted in a shortage of skilled staff. But, the situation is aggravated by growing competition for resources from well-funded brands which ...
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ArticleHow Serafini is relaunching itself after exiting creditor protection
After seeing €3 million of credits “go up in smoke” for having sold its footwear to financially weak resellers, the Tuscan footwear company Serafini entered a debt restructuring program agreement known in Italy as “concordato preventivo di continuità”, from which it exited early 2022. Serafini was a very successful sneaker ...
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ArticleGerman industry association fears new wave of insolvencies due to Covid aid repayments
Germany’s textile, shoes and leather goods trade association BTE warned of a new wave of insolvencies and closures, as fashion and footwear retailers continue to struggle with the fallout from the coronavirus pandemic while possible repayments of pandemic state aid loom, adding to the already challenging conditions. According to ...
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ArticleThe Chinese brand Zuliz opens its first store abroad
The Chinese footwear brand Zuliz has opened a store in Singapore, its first outside China as it starts its internationalization. The store was opened in the mall Chinatown Point. During the soft opening period that ran from Oct. 1 to Oct. 6 the store exceeded $17,600 (€12,200) in revenues. It ...
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ArticleA weak ruble pushes up footwear prices in Russia
Russian footwear retailers anticipate prices to soar in the next few months following the weakening of the national currency. The Russian ruble has dropped by nearly 30 percent this year against the U.S. dollar as a result of a collapse in export revenues and growing budget spending, making it one ...
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ArticleFitFlop picks Bleckmann as its logistics partner
The London-based footwear company FitFlop selected Bleckmann as its partner to provide omnichannel logistics for its clients in the U.K. and in the European Union. The five-year agreement is designed to support FitFlop’s “rapid growth in its home market while providing scope for streamline expansion across the EU,” according ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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ArticleHow a Malaysian shoemaker is hedging the China risk and trying to expand in the U.S. and Europe
Sweetkiss Shoes Footwear Co., a Malaysian incorporated footwear group known for its Dr Shooz brand, launched a new factory in Ho Chi Minh City, Vietnam, in July 2023 to supplement its Chinese facility, which is located in Guangzhou and has been operational since November 2012. Source: Sweetkiss Shoes ...
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ArticleRussian online retailer Lamoda plans to open 300 physical stores
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
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ArticleBirkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
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ArticleRussian footwear retailer Kotofey speeds up expansion program
Kotofey, one of the leaders in Russia’s children and teenager footwear market, has unveiled plans to add 50 doors to its retail network in 2024, on top of 40 planned openings this year. The need to replace foreign brands, which exited the Russian market after the country invaded Ukraine on ...
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ArticleFootasylum picks NewStore for its omnichannel experience
The British footwear retailer Footasylum has selected NewStore, which provides a German omnichannel cloud platform for retailers, to power its omnichannel experience across some 60 stores in the U.K. “This new partnership builds on Footasylum’s modern technology architecture, which also includes Talon.One, a promotion and loyalty automation solution. Together, NewStore ...
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ArticleBata India is exploring a partnership in its local market
Bata India said that it is exploring the opportunity of a partnership in its domestic market but had no developments to announce. ”We would like to inform that the company continues to explore opportunities for strategic alliance / collaborations / tie-up for the Indian market and as and when matters ...
