All Retail articles
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ArticleRussia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores
Ekonika, a major Russian footwear retailer, enjoyed a 51 percent rise in revenues during the first two months of 2024, on higher sales volumes following the launch of a new store format. Sergey Sakrisov, the Vice President of Novard, the parent company for Ekonika, noted that contrary to the past ...
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ArticleCard payments are increasingly popular in Germany
Card payments are becoming more and more popular in Germany. Last year, cashless transactions in the country reached record levels, with sales in brick-and-mortar retail exceeding €300 billion, a survey from the EHI research institute showed. Payment habits changed significantly during the Covid-19 years, and the shift largely persisted ...
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Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
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Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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ArticleGörtz moves to new headquarters
The Hamburg-based shoe retailer Görtz is leaving its current headquarters in the Hanseatic city’s Semperhaus on the Spitalerstraße, on the fourth and fifth floors of the historic Kontorhaus district building, and moving to a new, smaller location following a downsizing of its workforce. The new headquarters are located a ...
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Veja opens a store in London
The French sustainable sneaker brand Veja has inaugurated its first store in London in the Seven Dials district. Nestled at 45 Monmouth Street, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning services, catering to all brands. Veja ...
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ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
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ArticleAustrian footwear retail under pressure but Deichmann enjoys steady growth
The Austrian footwear retail sector has undergone a dramatic transformation in recent years, encountering new challenges amid a profound shift in consumer behavior, a survey from the market research company RegioData showed. Since 2014, the number of stores in the country has dropped by a whopping 23 percent as ...
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Agilitas Sports obtains the Lotto license for India, Australia and South Africa
WHP Global announced a long-term license agreement for Lotto giving the Indian company Agilitas Sports the exclusive rights to design, manufacture, promote and distribute the brand in India, Australia and South Africa. Abhishek Ganguly, the co-founder and CEO of Agilitas Sports said “we are excited to launch our first consumer ...
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P448 sets up a European joint venture with The Camp Brands
The Italian footwear label P448 has formed a joint venture with The Camp Brands, a Spanish firm specializing in the distribution of brands. The joint venture, called P448 Europa, will be managed by Javier Carera, the co-founder of The Camp Brands. It will expand P448’s distribution in Europe as well ...
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P.F. Flyers partners with Revolve.com
P.F. Flyers, an American lifestyle shoe brand, is partnering with the fashion retailer Revolve in what it qualified as a “significant step” in its expansion beyond direct-to-consumer into wholesale distribution. With the partnership, P.F. Flyers’ Desert Adventure collection is sold exclusively on revolve.com since April 8. P.F. Flyers will also ...
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Esprit’s Belgian unit files for bankruptcy
Esprit Holdings Limited, the fashion group incorporated in Bermuda and listed in Hong Kong, said that its Belgium unit Esprit Belgie Retail (BEBR) filed for insolvency on April 8 due to high costs and negative consumer sentiment. In a statement, Esprit said that it “is now focusing on a comprehensive ...
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ArticleRussia claims to have virtually eradicated illegal footwear sales
Since 2020, the mandatory labelling of fashion goods has secured additional income of 84.6 billion rubles (€848 million) on aggregate for the Russian federal budget, estimated the Russian Center for Prospective Technologies (CPT), a government agency authorized to supervise the labelling reform. Footwear labelling on its own provided additional income ...
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ArticleTamaris plans to expand its Russian store network
By the end of 2024, Wortmann plans to add 15 doors to its existing network of 60 Tamaris stores in Russia and take several other steps to gain a better foothold in the country. Friedrich Naumann, CEO of Wortmann Vostok, said that the brand intends to open new stores ...
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ArticleVF expands its partnership with GMG
VF Corp. is expanding its partnership with the retail conglomerate GMG in order to grow in the Middle East and North Africa (MENA) and South East Asia (SEA) regions. The US group, whose portfolio includes the brands Vans, The North Face and Timberland, has been collaborating with the Dubai-based retail ...
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Kering to buy a building in Milan for €1.3bn
Kering has acquired a historic building in Milan for about €1.3 billion from a subsidiary of Blackstone Property Partners Europe. Located via Monte Napoleone 8, on the “most prominent corner of the city’s Quadrilatero della Moda”, the 18th century building comprises five floors, totaling a gross area of 11,800 square ...
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ArticleManolo Blahnik opens a store in Hong Kong
Manolo Blahnik has opened a store in Hong Kong thanks to a joint venture with Bluebell Group. The two companies have been working together since 2016 and collaborate in various Asian markets. The partners already have stores operating under the banner of the London-based luxury footwear brand in Japan, Malaysia, ...
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Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
