All Retail articles – Page 15
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News briefs
Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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ArticleCreditors approve Galeria’s restructuring plan
Another hurdle has been cleared on Galeria Karstadt Kaufhof’s path to recovery. The creditors of the troubled German department store chain approved its pending reorganization plan, insolvency administrator Stefan Denkhaus said on following a creditors’ meeting. The clearance is a significant step towards the completion of Galeria’s insolvency proceedings, ...
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ArticleGerman brick-and-mortar shoe retail grows, online sales drop slightly
Brick-and-mortar footwear sales grew in 2023 in Germany, as online retail slowed down after the Covid lockdowns ended and consumers returned to physical stores, a survey showed. While the footwear market has steadily grown since 2021, brick-and-mortar retail still remained below the pre-pandemic levels of 2019, according to the ...
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ArticleThe Russian footwear industry calls for trade protectionism
Foreign companies that had declared plans to sever ties with Russia, still control nearly 80 percent of the local footwear market, Andrey Pavlov, president of Zenden, a prominent Russian footwear manufacturer and retailer, outlined during the Moscow Economic Forum. Leading brands, including Nike, Adidas, Reebok and Ecco, are still widely ...
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ArticleGaleria Karstadt Kaufhof investors to pledge up to €100m, plan overhaul with store closures, name change
Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million in the company to revamp its remaining department stores over the next two to three years, according to media reports. The insolvent retailer sees Sunday shopping as a cornerstone of its restructuring efforts, according to the ...
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ArticleKizik expands in the US and abroad
Kizik, a US brand specializing in slip-on shoes, is opening two more stores in the US as part of its aggressive expansion strategy at home and abroad. The Lindon, Utah, based company aims to become “the next billion dollar shoe brand.” On May 17, the brand opened its second US ...
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ArticleCentral Asia and Caucasus expand footwear exports to Russia
In 2023, Russia saw a hike in footwear imports from Armenia, Kazakhstan and Kirgizstan, all members of the Russian-led Eurasia Economic Union trade block. But, the increase is primarily attributed to re-exports of footwear from Europe. Armenia exported shoes worth $33 million in 2023, which was 11 times higher than ...
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News briefs
JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
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ArticleFitFlop picks Ryder as its logistics provider in North America
FitFlop has picked Ryder as its supply chain and logistics provider to support its grow in the US and Canada. The British brand’s American logistics operations are located within Ryder’s newly built 700,000-square-foot multiclient warehouse facility in Columbus, Ohio. The company also provides FitFlop with e-commerce and omnichannel fulfillment services ...
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ArticleRussia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores
Ekonika, a major Russian footwear retailer, enjoyed a 51 percent rise in revenues during the first two months of 2024, on higher sales volumes following the launch of a new store format. Sergey Sakrisov, the Vice President of Novard, the parent company for Ekonika, noted that contrary to the past ...
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ArticleCard payments are increasingly popular in Germany
Card payments are becoming more and more popular in Germany. Last year, cashless transactions in the country reached record levels, with sales in brick-and-mortar retail exceeding €300 billion, a survey from the EHI research institute showed. Payment habits changed significantly during the Covid-19 years, and the shift largely persisted ...
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News briefs
Hoka opens a store in Paris
Hoka is reinforcing its European retail presence with the opening of its first Parisian address. The new store is located at 35 Boulevard des Capucines, in a 140-square meter space formerly occupied by footwear label Bally, at walking distance from the historic Opéra and not far from the busy shopping ...
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News briefs
Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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News briefs
Birkenstock opens its first flagship store in India
Birkenstock has opened its first flagship store in India. Spread over 1,600 square metres, the store is located in E-278, Durga Chambers, Linking Road, Mumbai. “We are thrilled to announce the opening of our first flagship store in India, marking a significant milestone in our commitment to the Indian market,” ...
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ArticleGörtz moves to new headquarters
The Hamburg-based shoe retailer Görtz is leaving its current headquarters in the Hanseatic city’s Semperhaus on the Spitalerstraße, on the fourth and fifth floors of the historic Kontorhaus district building, and moving to a new, smaller location following a downsizing of its workforce. The new headquarters are located a ...
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News briefs
Veja opens a store in London
The French sustainable sneaker brand Veja has inaugurated its first store in London in the Seven Dials district. Nestled at 45 Monmouth Street, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning services, catering to all brands. Veja ...
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ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
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News briefs
Agilitas Sports obtains the Lotto license for India, Australia and South Africa
WHP Global announced a long-term license agreement for Lotto giving the Indian company Agilitas Sports the exclusive rights to design, manufacture, promote and distribute the brand in India, Australia and South Africa. Abhishek Ganguly, the co-founder and CEO of Agilitas Sports said “we are excited to launch our first consumer ...
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ArticleAustrian footwear retail under pressure but Deichmann enjoys steady growth
The Austrian footwear retail sector has undergone a dramatic transformation in recent years, encountering new challenges amid a profound shift in consumer behavior, a survey from the market research company RegioData showed. Since 2014, the number of stores in the country has dropped by a whopping 23 percent as ...
