All Retail articles – Page 17
-
News briefs
Hoka opens a store in London
Hoka, which is owned by Deckers Brands, has opened a store in London, its first in Europe. Located at 2-3 James Street, near Covent Garden, the 1,750 square-foot store showcases the brand’s full line of footwear, apparel and accessories on two floors. In a statement, Stefano Caroti, the chief commercial ...
-
ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
-
ArticleHow a Malaysian shoemaker is hedging the China risk and trying to expand in the U.S. and Europe
Sweetkiss Shoes Footwear Co., a Malaysian incorporated footwear group known for its Dr Shooz brand, launched a new factory in Ho Chi Minh City, Vietnam, in July 2023 to supplement its Chinese facility, which is located in Guangzhou and has been operational since November 2012. Source: Sweetkiss Shoes ...
-
News briefs
Cougar Shoes launches a collection with Michelin soles
Cougar Shoes, a Canadian footwear brand, has launched a winter collection featuring Michelin soles. The collaboration delivers footwear that is designed for women and made for ”real outdoor performance,” Cougar Shoes said in a statement, noting that the boots are temperature rated to - 40°C/-40°F. “I am so excited to ...
-
News briefs
Ralph Lauren expands its presence in Canada
Ralph Lauren is expanding Canada with the launch of dedicated digital commerce and the opening of a Ralph Lauren store in the country. The store was opened in Toronto’s Yorkdale Shopping Centre and is the first in a planned expansion in Canada, building on the company’s existing wholesale and outlet ...
-
News briefs
Kurt Geiger opens Oxford Street store
Kurt Geiger has opened a 2,916 square-foot store on the corner of Oxford Street and Holles Street in London. The British footwear and accessories brand is also planning the opening of stores in the Americas over the coming months. In October, the brand will open three stores in Mexico with ...
-
News briefsAPL’s partnership with True Fit led to 15% drop in returns
A partnership between Athletic Propulsion Labs (APL), an American brand of luxury performance athletic footwear, and True Fit, an artifical intelligence driven fit platform, has led to a 2 percent increase in revenues while reducing fit-related returns by 15 percent on the Shopify platform, the companies said in a joint ...
-
ArticleRussian online retailer Lamoda plans to open 300 physical stores
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
-
News briefs
Footasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Centre in England, where it previously occupied a space of around 300 square meters. The new 900-sqm space features a refreshed store concept that seeks to create a ...
-
News briefs
H&M’s Q3 sales disappoint
H&M’s net sales in the third quarter that ended Aug. 31 reached SEK 60.897 billion (€5.1bn), up by 6 percent from a year ago but were “flattish” in local currency terms. Excluding Russia, Belarus and Ukraine, sales rose 8 percent in Swedish krona. H&M wound up its operations in Russia ...
-
News briefs
Italy on the edge of a recession
Italy’s gross domestic product (GDP) is now expected to rise by 0.8 percent in 2023 and by 1.0 percent in 2024, said Mariano Bella, director of the research office of Italian retailers’ association Confcommercio. That compares with Confcommercio’s previous estimates of 1.2 percent and 1.3 percent growth for the two ...
-
ArticleBirkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
-
News briefs
U.S. National Retail Federation takes over the Reverse Logistics Association
In the U.S., the National Retail Federation (NRF) has acquired the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. The move is part of “NRF’s unrivaled commitment to support sustainable practices throughout the retail industry,” according to a statement. “NRF has a long ...
-
ArticleRussian footwear retailer Kotofey speeds up expansion program
Kotofey, one of the leaders in Russia’s children and teenager footwear market, has unveiled plans to add 50 doors to its retail network in 2024, on top of 40 planned openings this year. The need to replace foreign brands, which exited the Russian market after the country invaded Ukraine on ...
-
News briefs
Russia’s former New Balance distributor launches a new chain
Jamilco, the former Russian distributor of New Balance, announced the launch of the multi-brand footwear retail chain Trendzone. Initially, the company will open 32 stores at sites formerly run under the New Balance banner. The company has already opened an online store, trendzone.ru, to which users are automatically redirected from ...
-
News briefs
Psudo launches a new style in partnership with Blumaka
The Los Angeles-based sneaker brand Psudo said that it is launching its latest style, Psudo blu in partnership with Blumaka, a shoe and insole manufacturer allowing brands to develop foam parts that have up to 85 percent recycled content. Psudo blu sneakers will be produced at Blumaka’s solar-powered factory in ...
-
News briefs
Frankie4 expands its presence in North America
Two years after launching its U.S. e-commerce platform, Frankie4, is expanding its presence in North America thanks to wholesale partnerships and the opening of a flagship store. The Australian women’s footwear brand rolled out in August wholesale partnerships with Nordstrom and J.Jill. In September, it will be opening a 1,300-square-foot ...
-
News briefs
ANWR and Sabu cooperate towards long-term strengthening of footwear retail sector
The German footwear buying group ANWR and the German shoe retail cooperative Sabu have joined forces, launching an in-depth cooperation aimed at developing new industry solutions and fostering innovation to boost sales potential. The partners will focus on two “strategic fields of action”: revitalizing the trade fair landscape and ...
-
News briefs
U.S. retail rents at highest level in a decade
Asking rents for retail space in the U.S. are at their highest in at least a decade, averaging more than $23 a square foot, according to CBRE. The Wall Street Journal reports that the increase is largely the result of a drop in retail construction since the 2008-09 financial crisis, ...
-
ArticleFootasylum picks NewStore for its omnichannel experience
The British footwear retailer Footasylum has selected NewStore, which provides a German omnichannel cloud platform for retailers, to power its omnichannel experience across some 60 stores in the U.K. “This new partnership builds on Footasylum’s modern technology architecture, which also includes Talon.One, a promotion and loyalty automation solution. Together, NewStore ...
