Retail & Distribution – Page 9
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ArticleAstorMueller expands in women’s footwear with Bagatt
AstorMueller Group, which is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes, is expanding its offer of women’s shoes with the acquistion of Bagatt, a brand that focuses on middle-market leather shoes. Established in northern Italy in the 1980s, Bagatt’s products are mainly marketed through brick-and-mortar stores, ...
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ArticleWortmann suspends sales to Russia
Russia is the most important export market for the Wortmann Group through its Tamaris and Caprice brands. But following the Russian invasion of Ukraine, the women’s shoe specialist has decided to stop servicing the market. The company based in Detmold, has also offered its employees in Ukraine the opportunity to ...
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ArticleGerman shoemakers write off the Russian market
The Russian invasion of Ukraine has affected the businesses of many German shoe and leather goods manufacturers, which had been built up over the past few years. “The consequences of this massive unrest are not foreseeable at this point in time,” said Manfred Junkert, general manager of HDS/L, the federal ...
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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ArticleFootwear firms have to prepare for the impact of the war in Ukraine - FDRA
The Russian invasion of Ukraine on Feb. 24 and subsequent sanctions imposed by numerous countries led by members of the North Atlantic Treaty Organization could affect footwear companies. The U.S. trade association Footwear Distributors and Retailers of America (FDRA) released guidelines on how companies can better prepare to face the ...
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ArticleRussian retailer Paolo Conte is being pushed into bankruptcy
The Russian bank SberBank has requested the bankruptcy of Paolo Conte, one of Russia’s major shoe retailers. The Russian newspaper Kommersant reported that Paolo Conte has accumulated a large debt with SberBank after it failed to adjust to growing online demand and suffered from both a decline in footfall in ...
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ArticleAllbirds launches a resale platform
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has launched the resale platform Allbirds ReRun in partnership with Trove, which specializes in branded recommerce. ReRun will initially offer customers at three stores the option of trading in their Allbirds shoes for $20 in store credit. Following the ...
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ArticleNew global store concept for Hoka launched in Asia
Green Room, an experimental design agency based in Birmingham, England, has partnered with footwear and apparel brand Hoka One One to develop a new global store concept that has been launched first in China and Southeast Asia. The partnership has developed a community-focused retail concept that will be rolled out ...
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ArticleHow supply disruption, inflation impact Valleverde’s international expansion
Valleverde, the Italian brand of comfort shoes, was a household name in its home country, underpinned by a vast network of directly-operated and franchised mono-brand stores and high-profile advertising campaigns featuring domestic and international celebrities such as the winners of the Miss Italia beauty contest and the Hollywood star Kevin ...
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ArticleH&M sales up 20% in December-January
Between Dec. 1 and Jan. 31, 2022, H&M expects sales in local currencies to increase by 20 percent compared with the same period last year. Despite the rise, it noted that the period was negatively affected by the latest wave of the Covid-19 pandemic in many of its larger markets. ...
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ArticleRussian bank takes over Stockmann to boost its e-commerce business
SberBank has signed a binding agreement to buy a 100 percent stake in the Russian fashion retailer Stockmann during the first half of 2022. The Russian bank plans to combine the retailer with its own multi-category marketplace, SberMegaMarket. The investment will be made “after conducting a comprehensive investment review” and ...
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ArticleBoohoo warns returns, weak U.S. sales are hitting profits
The British fast-fashion retailer Boohoo issued a profit warning on its full-year profits because of higher returns in the U.K. and a weaker-than-expected performance in the U.S. The company now expects a net sales growth of 12-14 percent, down from a previous growth guidance of 20-25 percent, for the year ...
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ArticleU.K. clothing sales above pre-Covid levels
In November, for the first time, sales of clothing stores in the U.K. surpassed their pre-Covid levels, according to the Office for National Statistics (ONS). Clothing stores reported an increase of 2.9 percent month-over-month in sales volumes, which were 3.2 percent above levels in February 2020, the last month not ...
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Inditex posts record Q3 results
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted revenues of €19.33 billion in the first nine months to Oct. 31, up by 37 percent from a year earlier, and a gross margin of 59 percent after posting record-breaking third-quarter results. ...
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ArticleGeox plans to return to pre-Covid sales levels in 2024
Geox expects to approach pre-Covid sales levels in 2024, when it plans to achieve sales of over €800 million compared with €806 million in 2019. The Italian footwear company anticipates to finish 2021 with sales above €600 million. The compound average growth rate (CAGR) between 2021 and 2024 is estimated ...
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ArticleShoe Carnival buys Shoe Station
Shoe Carnival is buying substantially all of the assets of family-owned Shoe Station, a footwear retailer which operates stores in five Southeastern U.S. states. The assets are being acquired for $67 million and funded through cash on hand. Mark Worden, Shoe Carnival’s president and CEO said that the deal accelerates ...
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ArticleGenesco sees supply chain problems lasting most of next year
Genesco’s operating margins have been hit by higher freight costs and it believes that supply chain disruptions will probably continue for most of next year. The strain on deliveries has helped reduce promotional activity but has also led to a depletion in inventories. During a conference call on the company’s ...
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ArticleSnipes buys the U.S. chain Jimmy Jazz
Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...
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ArticleKhadim India sees business returning to pre-Covid levels
Khadim India, a Kolkata-based manufacturer and retailer of footwear products and accessories, primarily in eastern and southern parts of India, expects its business to return to pre-Covid levels in the second half of its fiscal year ending on March 31, 2022. The top line recovery is underpinned by increased ...
