All Retail articles – Page 12
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ArticleSkechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity. “China is performing basically in line with our expectations, which I think, from a positive perspective, would ...
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Birkenstock opens fourth store in London
On March 13, Birkenstock opened its fourth store in London, in the Chelsea district. The new 85-square-meter store is located at Blacklands Terrace on King’s Road. The Chelsea store marks Birkenstock’s sixth retail location in the UK. In Europe, the company operates 37 stores across eight countries and plans further ...
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ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
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ArticleGerman footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms. A recent survey by Germany’s textile, shoes and leather goods trade ...
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Klarna reportedly seeks over $15bn valuation in IPO
Klarna aims to raise at least $1 billion dollars from an upcoming initial public offer (IPO) in the US, the news agency Bloomberg reported, citing unnamed sources. According to Bloomberg, the Swedish payment company aims to price its IPO in early April and is targeting a valuation exceeding $15 billion ...
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ArticleC-Suite interview: Piccadilly celebrates 70 years with good growth prospects
Piccadilly is one of the oldest shoe companies in Brazil. Founded in 1955 by Almiro Grings, it started with an initial production of 12 pairs of shoes a day. Today it exports to 100 countries around the world and has a turnover of approximately 600 million Brazilian reais ($120 million). ...
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Verdoso obtains clearance to acquire The Kooples
The French antitrust agency, Autorité de la concurrence, has approved the takeover of The Kooples Production by the French investment company Verdoso. Founded in 2008, The Kooples specializes in the design and retailing of premium clothing and accessories for men and women. The company has 184 points of sale in ...
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Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
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Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
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ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
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Spartoo liquidates is brick-and-mortar unit
Spartoo, a French fashion online retailer, is liquidating TooStores R1, a subsidiary created in 2015 to manage physical stores. The decision involves the immediate closure of 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. “Our request to open judicial liquidation proceedings concerning the ...
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French footwear sales up by 0.6% in January
In January, French footwear retail sales rose by a seasonally and working-day adjusted 0.6 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.1 percent month-on-month, after falling 0.6 percent in December. Sales volumes of manufactured goods were up by ...
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Last Esprit stores in Germany close
The fashion brand Esprit has closed the last of its 56 stores in Germany, as planned. The insolvent brand’s remaining stores in the country were originally due to close by the end of November, but nearly 30 stayed open longer for the Christmas sales season. The former European headquarters in ...
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Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
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ArticleEmerging designer: Moroccan babouches get a Milan fashion twist
Established in Milan in 2022 and launched during Milan Fashion Week in June of that year, the Babú brand of fashionable flats are designed for comfort, as well as functionality. Inspired by the traditional Moroccan babouches, these edgy, pointed-toe loafers with a Milan fashion twist are perfect for daytime as ...
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Ecco opens a flagship store in Mumbai
The Danish footwear brand Ecco has launched its first signature store in Mumbai, marking a significant milestone in its expansion across India. The 1,200 square-foot store, located in the upscale Phoenix Palladium Mall in Lower Parel, was opened in partnership with Jaipuria Brandz, a company specializing in managing and distributing ...
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Deichmann opens a flagship store in Cologne
Deichmann has opened a new flagship store in a prime location in Cologne’s city center. Located in a newly built commercial building at Schildergasse 56-58, on Cologne’s shopping mile, the new store replaces Deichmann’s multi-story shop at Schildergasse 85/87. Spanning one floor with a total sales area of over 815 ...
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ArticleGörtz faces insolvency again
One and a half years after the end of its insolvency proceedings, the troubled Hamburg-based shoe retailer Görtz is once again facing bankruptcy. On Jan. 20, the Hamburg District Court appointed the lawyer Gideon Böhm of the law firm Münzel & Böhm as provisional insolvency administrator, after four creditors filed ...
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ArticlePrimark lowers sales forecasts as cautious consumers rein in spending
Primark has cut its sales growth target to low-single digits for fiscal 2025 after warmer autumn weather and cautious consumers worried about their finances dented UK revenues in the 16 weeks to Jan. 4. In the UK, the fast-fashion retailer’s sales declined by 4 percent during the period and 6.4 ...
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Skechers opens its first Skechers Performance store
Skechers opened its first Skechers Performance store in the world at the West Edmonton Mall in Canada. The more than 7,500-square-foot store is “an experiential retail space, complete with half-courts and the brand’s extensive offering including its renowned basketball, running, golf, soccer and pickleball technologies,” the US brand explained. The ...
