All Retail articles – Page 13
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ArticleMoscow continues to drive the Russian fashion market
Moscow and St. Peterburg remain the key drivers of the Russian fashion market, local officials indicated. Over the past three years, Moscow saw a 46 percent surge in the turnover of stores selling clothes and shoes, Natalia Sergunina, Moscow’s Deputy Mayor, recently revealed. Moscow’s fashion industry currently comprises 12,800 firms, ...
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Tecovas expands into wholesale
Tecovas is partnering with nine retailers to expand for the first time into wholesale. Thanks to the partnerships, the Texas-based boot brand will reach 36 stores in 10 US states. The brand expects that wholesale could represent about a quarter of its sales in the coming years. Until now, the ...
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ANWR and Sabu present an education platform for the shoe industry
The German footwear buying group ANWR and the German shoe retail cooperative Sabu have launched their first joint project, the “Wissenswelt” (Knowledge World) platform. The online platform offers training resources for staff across more than 4,500 points of sale in the shoe industry, with a strong emphasis on video-based ...
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ArticleCanadian rail freight resumes after government intervention
Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) resumed railway services on Aug.26 after a shutdown started on Aug. 22 due to the lockout their Canadian workers in the wake of failed labor talks. Nevertheless, it could take several weeks for Canada’s railway network to fully recover from ...
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ArticleEmerging designer: Socque rocks the classics
The Covid-19 pandemic that broke out towards the end of the first quarter of 2020 in Europe, and the subsequent related lockdowns, prompted many to make major life changes. Laure Chareton’s and Camille Cour’s response consisted of launching a high-end women’s footwear brand. After a decade of helping others run ...
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French footwear sales dip in July
In July, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, after growing by 4.6 percent in June, according to the Bank of France. The June figure was revised up from a preliminary growth estimate of 4.5 percent. Overall French retail sales rose by 0.4 ...
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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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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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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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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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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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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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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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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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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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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 ...
