All Retail articles – Page 10
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ArticleRail freight halted in Canada due to labor dispute
The Canadian railway companies Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) announced the lockout of their Canadian workers after failed labor talks, resulting in a shutdown of their networks in the country. The companies locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) ...
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ArticleTJX buys a 35% stake in Dubai-based Brands for Less
TJX, a US off-price apparel and home fashions retailer, has signed a definitive agreement to buy a 35 percent stake in Brands for Less (BFL) for $360 million dollars. BFL is a privately-held company based in Dubai and is the region’s only major off-price branded apparel, toys and home fashions ...
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Ted Baker closes all its stores in the UK, Ireland
Ted Baker, the troubled British fashion retailer owned by the US group Authentic Brands Group (ABG), will close on Aug. 20 the 31 stores it still operates in the UK and Ireland, which could result in more than 500 layoffs, according the consulting and advisory firm Teneo, which is Ted ...
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Asian brands increase their presence in the Russian market
In the first half of 2024, several new foreign footwear brands emerged in the Russian market, according to CORE.XP, a local consultancy. For example, the Chinese footwear brand Josiny and the Chinese children’s clothing and footwear brand Balaba officially launched operations in the country. In total, 15 new brands started ...
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Leder & Schuh launches Delka in Humanic and Shoe4you stores
After its recent acquisition by the Austrian shoe retailer Leder & Schuh, the footwear brand Delka is now being integrated into a new comfort shoe line exclusively available at the group’s Humanic and Shoe4you stores. “Initially, the brand will be sold exclusively at Humanic and Shoe4you stores, but could ...
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ArticleSecond hand reselling enjoys booming popularity in Russia
The Russian fashion market has witnessed a staggering 30 percent surge in the sale of secondhand goods in 2023, a trend that is rapidly gaining momentum, as estimated by the Moscow-based think tank, Fashion Consulting Group. Last year, the segment was valued at 200 billion rubles (€2bn), which was equivalent ...
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ArticleBirkenstock opens its first own store in Paris
The German shoe manufacturer Birkenstock has set foot in France with the launch of its first own-brand store in the country. The new shop at 17 rue des Archives, in the heart of trendy Marais district of Paris, opened its doors on July 20. The brand had until now been ...
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ArticleEsprit’s Dutch subsidiary files for bankruptcy
The Netherlands-based division of the fashion chain Esprit has filed for insolvency with the Amsterdam court as a wave of bankruptcies continues to rock the retailer. Approximately 30 stores in the Netherlands, including Esprit stores and other retailers, still sell Esprit products. A bankruptcy administrator will explore possible solutions, ...
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News briefs
Italian fashion sales decline in the first 7 months of 2024
Fashion sales, which include clothing, footwear, leather goods, accessories, home textiles and sports goods, fell by 8.1 percent year-on-year in value in July, according to the trade association Federazione Moda Italia-Confcommercio. The month corresponds to the summer clearance period for retailers. In the first half of 2024, fashion sales fell ...
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ArticleHow an Italian online platform aims to give more visibility to local fashion stores
JustinShop is an Italian startup that created an app allowing users to book fashion items, such as a piece of apparel or a pair of shoes, with the option to receive them at home by courier or pick them up at a nearby shop. This may not seem new for ...
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ArticleMost German, US and Japanese consumers prefer multi-brand retailers
A majority of consumers in Germany, the US and Japan prefer multi-brand retailers when shopping for fashion and lifestyle products, while direct-to-consumer retailers are losing key consumer touchpoints, a study from Roland Berger showed. The global consultancy firm surveyed over 1,800 consumers in the three countries. Eighty-four percent of shoppers ...
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Sustainability is becoming more important for Germans shoppers
Sustainability is playing a growing role in buying behavior among German shoppers, with nearly half of consumers now making sustainable purchases, according to the latest Sustainability Consumer Monitor from HDE, the German retail association. General sustainability awareness among consumers increased and the number of sustainability-conscious shoppers also ticked up, with ...
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ArticleEsprit’s Austrian subsidiary files for bankruptcy
Esprit’s Austrian subsidiary, Esprit Handelsgesellschaft m.b.H., has filed for bankruptcy at the Salzburg Regional Court. The announcement follows the insolvency application filed in May by the parent company Esprit Europe GmbH, headquartered in Ratingen, Germany. The bankruptcy affects 12 directly operated stores across Austria and approximately 170 employees. ...
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Sør closes eight stores
The German fashion retailer Sør is closing eight stores as part of its ongoing self-administration proceedings. According to the restructuring plan approved by creditors, the stores in Aachen, Baden-Baden, Frankfurt am Main, Cologne, Minden, Münster, Oberstdorf and Wiesbaden will shutter in the fall. Around 30 employees will lose their ...
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Skechers expands its retail presence in Spain
Skechers is expanding its retail presence in Spain under the guidance of retail property consultancy Newmark Retail. The American footwear brand is opening two flagship stores in Madrid and one in A Coruña. The new flagships in Spain’s capital city will be in the Parque Oeste and Rivas Futura shopping ...
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Birkenstock opens its 6th store in the US
Birkenstock opened its sixth company-managed store in the US in Austin, Texas. Located at 1007 South Congress Avenue, the store of the German footwear brand offers the services Bopis (buy online, pick up in store) and Boris (buy online, return in store).
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ArticleThailand’s Central Group takes over the rest of KaDeWe Group
The Thai conglomerate Central Group has taken full control of bankrupt German department store KaDeWe, signing a contract for the takeover of its business operations after obtaining clearance from the insolvency administrator. The financial terms of the deal were not disclosed. In April this year, the Central Group bought ...
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ArticleMunz Group launches the multibrand chain Salamander Store in Russia
Munz Group has launched a new multibrand network of footwear stores called Salamander Store, with a target of 50 doors by the end of the year. Each outlet will hold 1,400 items, not only footwear but also clothing, accessories and even skin care cosmetics. The product range will include leading ...
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ArticleRussian fashion imports from China are resilient despite sanction pressure
Leading Russian marketplaces have been complaining about difficulties importing goods from China as banks of the Asian powerhouse increasingly scrutinize transactions involving Russian businesses. However, footwear imports are yet to be affected by the issue. Russian marketplaces and foreign resellers working on the online platforms have been encountering problems in ...
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German government presents a stimulus package
The German government presented a stimulus plan aiming to lift gross domestic product (GDP) growth by 0.5 percentage points in 2025, according to the economy minister, Robert Habeck. The package contains nearly 50 measures for households and companies and aims to generate €26 billion in additional economic activity. This year, ...
