All Retail articles

  • Primark store
    Article

    Primark faces £430m sales loss in the autumn due to Covid resurgence

    2020-12-04T17:10:00Z

    The Irish clothing retailer Primark is expected to suffer a loss of sales of some £430 million (€476.1m-$579.1m) this autumn due to the second round of local Covid-19 lockdowns, according to its parent company, Associated British Foods (ABF). The operating costs of the stores which were ...

  • VF Milan store
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    VF opens its first multi-brand store

    2020-12-02T13:38:00Z

    The VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland , The North Face and Napapijri – with dedicated ...

  • Dr.Martens
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    Dr. Martens opens a store in Dortmund

    2020-11-30T06:13:00Z

    Dr. Martens has opened a store in Dortmund, increasing its network in the German region of North Rhine-Westphalia to four units. The other stores are located Cologne, Düsseldorf and Bonn. The latest store is on 60 square meters and situated in Dortmund’s main shopping street, Westenhellweg.

  • AGL logo
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    AGL expands in Asia

    2020-11-30T05:45:00Z

    The Italian shoe maker Attilio Giusti Leombruni ( AGL ) has opened a corner in the department store SKP Beijing as part of its expansion in Asia. AGL also intends to enter a partnership with a specialty retailer in Shanghai and is due to launch an store online ...

  • topshop
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    Shoe Zone sales take £12 million hit with 2nd lockdown in England

    2020-11-26T15:53:00Z

    Shoe Zone warned that the second Covid-19 related lockdown in England has trimmed its revenues by at least £12 million (€13.4m-$16.0m) compared with the previous year despite “good gains” in digital sales. More recent lockdowns in certain areas of Scotland and all of Northern Ireland have further exacerbated ...

  • Article

    British delivery service fears uncontrollable Black Friday

    2020-11-25T15:38:00Z

    London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a ...

  • gms-verbund-logo-
    Article

    ​GMS affiliates suffer sales decline but outperform other German retailers

    2020-11-24T10:20:00Z

    In this year’s pandemic-riddled market, affiliates of the Cologne-based shoe retailing association GMS managed to limit losses, achieving significantly better results than the national average. A survey on sales between January and September showed an average drop of 6.4 percent for GMS’s affiliates, compared with a decline of ...

  • Ugg store NY
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    Ugg opens new flagship in New York

    2020-11-23T06:09:00Z

    Ugg , the Southern Californian lifestyle brand part of Deckers , opened a new flagship at 530 Fifth Avenue in New York City. The multi-level 12,842 square foot store marks a new concept and offers an expansive collection of footwear, ready-to-wear, accessories and home products. The brand plans to roll ...

  • Russian flag
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    Unichel claims tagging has not eradicated counterfeiting in Russia

    2020-11-13T17:53:00Z

    The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova , development director of the shoe producer and retailer, Unichel . So far, the project has only had a negative impact on legitimate businesses, resulting as ...

  • l.k. Bennett
    Article

    L.K. Bennett plans to close stores, axe jobs

    2020-11-13T15:49:00Z

    Upmarket British retailer L.K. Bennett plans to close up to five stores and move its remaining shops to turnover-based rents under a proposed company voluntary arrangement (CVA). The plan will lead to a small number of job losses as the company tries to mitigate the financial impact of ...

  • Ocean Plaza
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    FLO enters the Ukrainian market

    2020-11-13T07:37:00Z

    The Turkish footwear brand FLO Mağazacılık is opening its first store in the Ukraine, in the Ocean Plaza shopping center in Kiev. The company will sell its own and third-party brands, including Kinetix , Polaris , Lumberjack , Butigo , Dockers by Gerli , and Mercedes . In ...

  • Goertz image
    Article

    Görtz makes its CEO a shareholder, hires a new CFO

    2020-11-12T16:54:00Z

    The German footwear chain Görtz is opening its capital to its top manager as it undergoes a management shake-up and further advances its multichannel strategy by pushing its online presence. The chief executive, Frank Revermann , who has served in this position since the end of 2015, will ...

  • Clarks
    Article

    Clarks’ landlords criticize the rescue plan’s terms

    2020-11-12T15:38:00Z

    The British shoe maker Clarks has been accused of freezing landlords out of discussions over its £100 million (€110.9m-$130.0m) bailout by Hong Kong-based private equity firm LionRock Capital . Landlords are furious that despite facing large losses on rent write-offs, they will only represent 25 percent of a ...

  • Rumbo
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    Rumbo to close down

    2020-11-08T17:16:00Z

    The Spanish footwear retailer Rumbo will close down after having failed to reach an agreement with its creditors to relaunch its business. The Murcia-based company has 68 stores and posted sales of about €25 million in 2019. Rumbo went into administration in June, but the court-appointed administrator, the legal ...

  • VRG Rizzo
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    VRG rebrands Accent stores as Rizzo

    2020-11-05T17:37:00Z

    Venue Retail Group (VRG) is converting its Accent stores in Sweden and Morris stores in Norway to a new store concept which it has been testing since July 1 and currently has four pilot shops. The pilots have shown “a very positive development and we have received ...

  • Article

    Primark faces £375 mn loss of sales due to Covid restrictions

    2020-11-03T10:44:00Z

    The Irish fast fashion retailer Primark , which is owned by Associated British Foods (ABF), could lose £375 million pounds (€415.9m-$484.0m) in sales due to the closure of stores following restrictions imposed by local authorities throughout Europe to combat the Covid-19 pandemic. The estimate includes a planned lockdown in ...

  • News briefs

    ​The second-hand market is growing in Russia

    2020-10-31T06:30:00Z

    The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing ...

  • News briefs

    French economy risks “collapse” with new lockdown

    2020-10-27T16:23:00Z

    A new total or partial Covid-19-related lockdown could lead to a “collapse” of the French economy, according to the Confederation of Small and Medium-sized Enterprises ( CPME ). CPME warned that companies are currently “much weaker” than in March, when the government introduced a lockdown, and many, especially the ...

  • El Corte Inglés logo
    Article

    ​El Corte Inglés offers e-commerce support to third parties

    2020-10-27T08:08:00Z

    The Spanish department store El Corte Inglés is in talks with 100 brands to become their e-commerce partner, according to the Spanish daily Cinco Dias . But, no deals have been struck yet, it added, citing the company. The retailer would rely on its logistics platform to guarantee ...