All Retail articles
-
News briefs
Wynsors reportedly plans to cut more than 100 jobs
The private equity firm Modella Capital plans to cut more than 100 jobs at Wynsors World of Shoes, a budget footwear retailer with a strong presence in Northern England that employs about 400 people. According to media reports, Wynsors’ employees were informed on June 2 of the terms of a ...
-
News briefs
H&M’s Q2 sales seen hit by consumer weakness and the weather
H&M Hennes & Mauritz’s sales for the second quarter ending on May 31 are expected to be hit by declining consumer confidence and unfavorable weather, according to the German private bank Bernstein. “We remain cautious on H&M’s results predominantly given the backdrop of a weak consumer which is sequentially ...
-
News briefs
Most of Sutor’s stores remain open
Approximately 36 out of 42 Sutor stores are set to remain open following the acquisition of the insolvent German shoe retailer at the start of the year by Steffen Liebich, a Berlin-based investor, and the subsequent insolvency proceedings under self-administration. According to German media reports, the company managed to ...
-
News briefs
Birkenstock opens a store in Bologna
On May 20, Birkenstock opened a 130-square-meter store in Bologna, the capital of the Italian region of Emilia-Romagna region and one of Europe’s best-preserved medieval cities. ”Building on its successful debut in Milan last year, the brand continues to expand its footprint across northern Italy,” said the German sandal maker.
-
News briefs
Meijer launches a workwear collection
Meijer, a regional retailer operating in the US’s Midwest, launched a workwear clothing line called Northline Supply. The collection is available in all of Meijer’s 269 supercenters. Apparel prices range from $9.99 to $34.99 and footwear prices range from $70 to $80. “Our customers are not only using workwear brands ...
-
ArticleC-Suite interview: Valleverde maintains its revenues stable in a weak market
Valleverde is one of Italy’s most famous footwear brands with over 40 years of presence in its home market. Following its bankruptcy in 2015, the brand was acquired by Silver 1, which owns several other labels, including Rafting, Goldstar, Biochic and Biomodex. The company has grown from €1.5 million in ...
-
ArticleMinelli to close down May 30
Minelli, which was placed into receivership in March, announced on Instagram that it will close down ”definitively” on May 30. The French footwear retailer, which employs 86 people, will keep its 21 stores open until May 30, offering 60 percent discounts on its goods, but sales on its website have ...
-
News briefs
Ecco plans to have 50 stores in India by 2028
Ecco, which entered the Indian market in 2019, plans to have 20 mono-brand stores in the Asian powerhouse by the end of the year compared with nine currently. The Danish brands plans to have 50 stores in the country by 2028. “India was ignored for a very long time, but ...
-
News briefs
FitFlop opens its first store in Spain
FitFlop opened its first store in Spain. The British footwear brand opened the 75-square meter shop in the marina of Puerto Banús in Marbella in partnership Albion 1879, which specialises in introducing brands into the Spanish market. “With this new opening, FitFlop establishes a physical retail foothold in Spain and ...
-
ArticlePasst stores to be rebranded under Kybun Joya banner
The Swiss comfort shoe manufacturer Kybun Joya is continuing its expansion in Austria as part of a broader strategy to unify brand management and strengthen its market presence under a single identity. The company announced that the Passt chain of stores, which it acquired five years ago, will be ...
-
News briefs
Vivaia opens 2 more stores in the US
Vivaia, initially a digitally-native New York-based comfort footwear brand launched in 2020, is opening two more stores in the US as it expands its physical retail network. On April 27, the brand opened a 650 square-foot store in the Roosevelt Field Mall in Long Island and another shop will be ...
-
ArticleGolden Goose opens it largest Asia-Pacific in Beijing
The Italian luxury sneaker brand Golden Goose opened its largest store in the Asia-Pacific region on April 15: a 475-square-metre flagship at Beijing’s Taikoo Li Sanlitun. The store is roughly twice the size of a typical Golden Goose boutique. The launch offers one of the earliest visible tests of the ...
-
ArticleShoe Zone expects to post a loss this year
Shoe Zone has warned it is set to swing to an annual loss, citing declining consumer confidence and the Middle East war. The British footwear chain, which has 259 stores nationwide, also said recent government budget measures October had “increased customer caution”. Shoe Zone, which employs about 2,000 people, said ...
-
News briefs
French footwear sales rebound in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 1.8 percent month-on-month, after a sharp fall the previous month, according to the Bank of France. Overall, retail sales in France rose a seasonally and working-day adjusted 0.4 percent following a 0.5 percent drop in February. ...
-
ArticlePrimark to demerge from its parent company
Primark’s owner Associated British Foods (ABF) is demerging the budget clothing chain from its food operations after a review of the group’s structure, despite warning that the US-Iran conflict would hit consumer spending and raise prices. Wittington Investments - the holding company of the Weston family which controls the conglomerate ...
-
News briefs
VF partners with Nedap for inventory management
VF Corporation, whose brand portfolio includes The North Face, Vans and Timberland, has joined forces with the Dutch firm Nedap for inventory management. Under the partnership, VF will deploy the Nedap Inventory Engine across its brand portfolio and more than 1,500 stores for end-to-end inventory visibility and more seamless, data-driven ...
-
News briefs
Birkenstock opens its first Swiss store
Birkenstock opened on April 14 its first Swiss store in Zurich. The store is located on Storchengasse, a charming cobblestone street in the heart of the historic old town, and features a selection of the German brand’s signature styles including iconic sandals, clogs and closed shoes.
-
News briefs
Kiprun launches in the US
Decathlon’s performance running brand Kiprun was launched in the US market on April 6. The brand is available online at www.decathlon.com and at select specialty run retailers nationwide, such as Running Warehouse, Heartbreak and Run Moore. “The US has one of the most vibrant and diverse running communities in the ...
-
ArticleInsolvency proceedings underway for Sutor Group companies
Insolvency proceedings have been opened for four companies of the Sutor group – Sutor Schuh GmbH, FJ Trading GmbH, Happy Lagerverkauf GmbH and Sutor GmbH & Co. KG – after the German shoe retailer slipped into bankruptcy amid long-standing financial difficulties. The proceedings will take place under self‑administration, with the ...
-
News briefs
R.M. Williams opens its 8th store in the UK
On April 2, R.M. Williams opened a store in Guilford, England, its second opening in the UK in a week. The store is located in the town’s high street and is open seven days a week. On March 27, the Australian brand opened a shop in London at 108 Jermyn ...
