All Retail articles – Page 15
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News briefs
Görtz revisits its purchasing strategy
The German footwear chain Görtz has revamped its purchasing strategy and underwent a management change to match its positioning as an omnichannel retailer. According to the Hamburg-based company, the traditional way of planning purchases by brands is being replaced by purchases based on trends and a new management position ...
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ArticlePakistan is benefiting from a shift out of China
In an interview with Shoe Intelligence, Ahmed Fawad Farooq, secretary general of the Pakistan Footwear Manufacturers Association (PEMA), has outlined how Pakistan is benefiting from a transfer of production out of China and is seeking to beef up its footwear industry to meet growing demand. Many industry experts have indicated ...
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Tallinna Kaubamaja Grupp completes the restructuring of its footwear business
The Estonian group Tallinna Kaubamaja Grupp said that it is completing the restructuring of its footwear business. After closing the ABC King and SHU physical retail networks during 2022, the group’s wholly owned subsidiary TKM King will merge its remaining footwear wholesale business with Selver, which is also fully controlled ...
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News briefs
Lululemon enters Spanish market
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019. A dedicated Spanish-language e-commerce platform will go live at the end of July. In addition, two new brand stores will open in September on Calle Serrano in the ...
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News briefs
Veja opens first Berlin store
The French sneaker brand Veja has opened its first store in the German capital. The 100 square meter shop is located in the central and historic district of Berlin Mitte. In addition to the men, women, and kids’ collections, an in-store cobbler will offer to repair and clean footwear produced ...
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News briefs
Skechers opens a superstore in New Jersey
Skechers has opened its biggest East Coast retail destination in New Jersey. The nearly 22,000-square-foot store is on the second floor of The Mills at Jersey Gardens retail center. The superstore features dedicated Skechers Performance and Skechers Work shop-in-shop areas, a 4,000-square-foot dedicated Skechers apparel shop, as well as a ...
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ArticleSaye sees 2022 sales reaching €8m on new model launches
Saye, a fast-growing Barcelona-based company specialized in sustainable footwear, posted sales of €5 million in 2021, up by 80 percent year-over-year, and expects the top line to reach more than €8 million this year. Growth will be supported by the launch of four new models in the coming months compared ...
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News briefs
Low-cost footwear to increase market share in Russia this year
This year, the Russian footwear market could face a 15-20 percent slump in sales in value and a 25-30 percent drop in volume, forecast Anush Gasparyan, commercial director of the Russian consultancy Fashion Consulting Group. The average price of shoes is set to rise by 30 percent year-on-year, pushing consumers ...
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News briefs
Turkish fashion retailers mull expansion in Russia
Several Turkish fashion brands such as adL, Mudo, LTB, Twist and İpekyol intend to enter the Russian market, taking advantage of the withdrawal of Western companies. The Russian newspaper Izvestia reported that Turkish groups have entered into negotiations with Russian shopping centers about opening their stores in the coming months. ...
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News briefs
Deichmann sells Russian business
The German shoe retailer Deichmann has left the Russian market, selling all 37 stores with remaining inventory to a local partner. No financial details were released. The Russian press reported that Deichmann had stopped supplying its Russian retail network several weeks before. The stores will reopen under a new brand ...
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News briefs
Germany faces ‘very difficult’ choices due to gas shortage
Germany faces gas shortages and will have to make “very difficult” choices for households and companies if Russian supplies continue to decline, warned the Economy Minister Robert Habeck. “We will have to close certain industrial activities…For some sectors it will be catastrophic. We aren’ talking about two days or two ...
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News briefs
U.K. consumer confidence at record low
Consumer confidence in the U.K. in June hit a new record low of -41, down from -40 in May and -9 in June 2021, according to data released by market research group GfK. “With prices rising faster than wages, and the prospect of strikes and spiralling inflation causing a summer ...
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News briefs
French footwear sales surge in May
Retail sales in France in May rose by 0.6 percent in volume from April on a calendar and seasonally adjusted basis with a 2.8 percent decline in food sales offset by a 1.8 percent increase in the sales of manufactured goods, according to data released by the Bank of France. ...
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News briefs
Nike pulls out of Russia
The U.S. sportswear company Nike is pulling out of the Russian market. The brand had already suspended its activity in the country on March 3 following Russia’s invasion of Ukraine on Feb. 24. In a statement, the brand said that it would not reopen the stores that it had closed ...
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Walmart has a controlling stake in AI robotics automation provider
The U.S. retailer Walmart has a 62.2 percent stake in Symbotic, a provider of artificial intelligence-enabled robotics automation technology, according to a filing with the US Securities and Exchange Commission. On June 8, Symbotic became a listed company on Nasdaq through a merger with the special purpose acquisition company SVF ...
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News briefs
Bata aims to double its Italian franchise network in 3 years
Bata, the Lausanne-based shoemaker plans to increase the number of its stores in franchising from about 90 currently to 200 by the end of 2024. The expansion of the network will focus on opening stores in the center of towns with a population of 40,000-80,000. The brand is also interested ...
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ArticleEl Naturalista enjoys a strong rebound with its summer collection
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...
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ArticleSioux looks forward to returning to direct personal contacts at trade shows
In an exclusive interview wih Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux, explains the reasons behind the decision to manage distribution directly in the Benelux, his view on the war in Ukraine after Russia’s invasion on Feb. 24, the return of the company’s presence in ...
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News briefs
ANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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ArticleThe exodus of Western brands from Russia continues
CCC and Vagabond Shoemakers have recently joined a long list of companies that have suspended operations on the Russian market, after Russia invaded Ukraine on Feb. 24, which led to international sanctions against the country. CCC closed all brick-and-mortar stores and temporarily suspended its online store in Russia. Previously placed ...
