All Retail articles – Page 18
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ArticleC-Suite interview: Rohde enters the U.S. market and expands its European online business
Rohde is continuing its recovery by entering the U.S. market and expanding to most of Europe its business-to-consumer (B2C) online platform, which is currently limited to Germany. On May 3–4, 2023, Rohde took part as an “education sponsor” in the Leadership Conference of the US National Shoe Retailers Association held ...
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ArticleConsumer sentiment worsens in Germany
Consumer sentiment has taken a nose dive in Germany at the start of 2024, according to a survey published jointly by the research institute GfK and the Nuremberg Institute for Market Decisions (NIM). “The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations ...
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ArticlePrimark does not expect severe disruption due to Red Sea tension
Primark’s sales grew by 2.1 percent on a like-for-like basis over the Christmas quarter despite a warm autumn, however they were down from an 8 percent rise in the previous three months. The British fast-fashion retailer added it did not expect severe supply disruptions from attacks on commercial shipping in ...
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ArticleHow French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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News briefs
La Sportiva opens its first store in the U.S.
La Sportiva, an Italian maker of mountain gear, opened its first premium retail store in the U.S., in Boulder, Colorado. The store is located at 2100 Broadway, which is the crossroads of Spruce and Broadway Streets, and opened its doors to the public on January 2. It features products from ...
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ArticleBirkenstock targets running specialty shops with its footbed
In the U.S., Birkenstock is targeting running specialty stores by offering its signature sandals with an orthopaedic footbed as recovery footwear for athletes after their workout. The move is part of the German brand’s diversification strategy in a key market. “In Q4, we took advantage of the macroeconomic situation to ...
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News briefsTamaris opens a flagship in Paris
Tamaris has opened a 130 square meter flagship in Paris, near the Garnier opera house. The store is managed by Stéphane Mordowicz of Groupe SMC. Mordowicz already runs several Tamaris stores in France. Tamaris is a brand of the German footwear manufacturer and distributor Wortmann Group. “At this prestigious ...
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ArticleArklyz to buy Lloyd Shoes from Ara
Arklyz AG, based in Stans, Switzerland, has signed a definitive agreement to buy the German brand Lloyd Shoes, along with all its operating subsidiaries, from Ara. The buyer plans to provide support and resources to grow Lloyd’s wholesale, omnichannel and international business. The transaction is expected to close in the ...
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News briefs
Clarks Netherlands stores to shut as new GAB wholesale partnership starts
A shake-up of Clarks’ Benelux operations will see the closure of seven branded stores in the Netherlands as it ends its partnership with Mulder Schoenen and starts a new deal with Group Alain Broekaert (GAB). The British footwear company said its shoes will continue to be sold in the Netherlands, ...
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News briefs
Sport 2000 Austria joins forces with ANWR Group
At an extraordinary general meeting on Jan. 11, 2024, the Zentrasport Österreich e. Gen. cooperative, which is part of the international retail network Sport 2000, decided to become part of ANWR Group eG and the Sport 2000 country network led by Sport 2000 Germany. In July 2023, the Austrian cooperative ...
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ArticleGenesco targets rents, moving non-selling activities out of stores to cut costs, boost profits
Genesco is focusing on bringing down rent costs and moving non-selling activities outside of stores, as it implements a $40 million cost-cutting program aimed at boosting profitability. “We are continuing to focus on rent, which is our biggest operating expense line,” explained Tom George, the chief financial officer, during the ...
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News briefs
Kybun Joya expands in the Middle East
The Swiss comfort shoes manufacturer Kybun Joya is expanding in the Middle East with the opening of 10 new stores in the Gulf states in the coming months. The company’s retail franchise has already grown to over 65 locations worldwide and it recently opened a new store in the ...
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ArticleMinelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores. The retailer, rebranded Maison ...
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News briefs
U.K. retail sales hit by weak consumer confidence in December
In December, total retail sales in the U.K. rose by 1.7 percent compared with 6.9 percent growth in the same period of 2022 and below the three-month average increase of 2.3 percent and the 12-month average rise of 3.6 percent, according to the latest survey released by the British Retail ...
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News briefs
LuisaViaRoma buys Holding IT
The Florence-based online multibrand retailer LuisaViaRoma has acquired Holding IT, the owner of Playground, a retailer of luxury sportswear stores operating under the banner Soft, and of FFW, a creator and manager of e-commerce sites for fashion brands. The combined group had sales of nearly €400 million in 2023 and ...
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News briefs
U.K. store footfall declined in December
Retail store visits for the five weeks ended Dec. 30 fell by 5.0 percent year-over-year in the U.K. due to poor weather and weak consumer confidence, according to the British Retail Consortium and Sensormatic Solutions IQ’s Footfall Monitor report. The footfall was down by 0.7 percent year-over-year in November after ...
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ArticleFessura plans to raise €2.1 million in a crowdfunding
Fessura, a sneaker company based in Italy’s Marche region, is proceeding with a crowdfunding due to close on Jan.17 on the Mamacrowd platform. The maximum size of the transaction was increased to €2.1 million from €1.6 million “to give the opportunity to the many investors who have expressed interest in ...
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ArticleNew brands enter the Russian market, but face an uncertain future
Since the beginning of 2023, 19 non-food retail brands have launched businesses in Russia, a vast majority of which sell footwear and clothes, NF Group, a Moscow-based consultancy, reported. In the coming months, 23 more brands plan to follow their lead, though gaining a foothold in Russia could be a ...
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ArticleDeichmann ends MyShoes brand, closes 90 stores
Footwear retailer MyShoes, a subsidiary of the German group Deichmann, will cease business operations in Germany and Austria by the end of 2024. Overall, 90 stores will be affected by the closings, with 29 in Austria and 61 in Germany, impacting 750 employees, including 150 in Austria and 600 ...
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News briefs
GMS’ Boys & Girls continues to expand
Boys & Girls, the children’s footwear marketing project of the Cologne-based shoe retailing association GMS, has continued to expand, with the opening of three new specialist stores in the past twelve months. At the end of 2022, Steffen Rüger launched “Boys & Girls Children’s Shoes Rhein-Neckar” in Schwetzingen, in ...
