All Retail articles – Page 19
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News briefs
European luxury retailers likely to suffer from lack of Chinese tourists
European retailers of luxury goods are likely to suffer from a lack of Chinese tourists this summer, according to Baader Bank. According to the analysts of the German bank, Chinese travel demand is surging domestically but the recovery in international travel is lagging, due to slow visa processing and the ...
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Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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ArticleThe U.S. wholesale channel is Skechers’ most challenged marketplace
Currently, the U.S. wholesale market is probably the “single most challenged marketplace” for Skechers, while India is one of its most “exciting” markets. The company continues to see “robust” consumer demand in Europe, while China continues to offer “ample opportunity” to grow, explained John Vandemore, Skechers’ chief financial officer, during ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
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ArticleHooijer Group launches advertising campaign for Heydude brand
The Dutch distribution and wholesale company Hooijer Footwear Group has launched a wide-ranging advertising campaign to promote the American shoe brand Heydude, which it distributes in the Benelux, Germany and Austria. The campaign – which will span across television and print – will focus on the brand itself, not ...
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Arezzo opens its first Simples store
Reserva, a clothing brand of the Arezzo & Co group, opened the first store of its basic clothing range Simples at Barra Shopping – a mall in Rio de Janeiro. The opening comes eight months after Simples’ launch. The brokerage XP Investimentos noted that Simples has increased its product range ...
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The number of stores declined in the Netherlands during 2022
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
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Kizik opens its first store
Kizik, a U.S. brand specializing in slip-on shoes based in Lindon, Utah, is opening its first ever brick-and-mortar store near Salt Lake City on May 19. The 1,293 square foot store is located at Fashion Place Mall and was designed by MG2/The Lionesque Group. The store will offer Kizik’s full ...
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ArticleRussia’s Zenden plans to push on sports footwear
Russian casual footwear retailer Zenden has set its sights on sports footwear, a niche the company sees as lucrative after the departure of the leading Western brands. Alexander Sarychev, Zenden’s chief executive, revealed that the company, in the coming years, plans to accelerate the development of its sports brand Pulse, ...
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Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
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Austria’s cities are losing retail space
Last year, the equivalent of 80 soccer fields of retail space, representing a total of 500,000 square meters, was lost nationwide in Austria, the annual S+M City Retail Health Check showed. Retail areas in the country’s city centers fell by 5 percent in 2022, while the vacancy rate increased to ...
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Ted Baker in licensing agreement with Aldo
The American brand management company Authentic Brands Group (ABG) signed a long-term licensing agreement regarding the Ted Baker brand with the Aldo Group, a Canadian fashion retailer and wholesaler. Under the ageement Aldo will take on design, production and distribution of Ted Baker footwear and handbags at wholesale throughout ...
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FitFlop in India opens 2 more stores
FitFlop in India, the division of the Indian footwear retailer Metro Brands Limited which distributes the British footwear brand FitFlop in the Asian country, said that it has opened two more stores in the cities of Ahmedabad and Coimbatore. The stores are located in the Palladium Mall, Ahmedabad, and ...
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ArticleMarc O’Polo strengthens franchise business in the DACH region
The Swedish-German fashion label Marc O’Polo is taking steps to strengthen its franchise business in Germany, Austria and Switzerland, collectively known as DACH, with relocations and new openings. In addition to its online and offline retail activities, the franchise business “is an important component of Marc O’Polo’s omnichannel strategy ...
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ArticleAuthentic Brands Group buys the rights to the Vince brand
Authentic Brands Group (ABG) is purchasing the intellectual property of the Vince brand from Vince Holding Corp. for $76.5 million and a 25 percent stake ABG Vince, the vehicle through which the acquisition is being made. A part of the deal, Vince Holding will enter into an exclusive, long-term license ...
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Skechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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ArticleKazakh shoe prices set to rise due to mandatory labeling
Mandatory origin labeling of shoes came into force in Kazakhstan on April 1, despite criticisms by small retailers. Market players had urged the authorities to delay the reform, which has already been postponed for almost a year, or to make the labelling voluntary.In the last week of March, a significant ...
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Shoe City sells 39 stores after failed acquisition by Arklyz
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business (GOB) sales. The news comes after the failed acquisition of the Baltimore-based retail chain by the Swiss retail group Arklyz. In the summer of 2022, Arklyz, the owner of ...
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ArticleDeichmann to invest €500 mln in 2023
Deichmann plans to invest around €500 million this year, half of which is earmarked for Germany. Investments will focus on the modernization and expansion of the store network, as well as in international growth, digitalization and logistics. The German footwear retailer plans to open 200 new stores worldwide. At the ...
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Boot Barn's COO retires
Boot Barn Holdings said that Gregory V. Hackman, its executive vice president and chief operating officer, plans to retire later this year. He will continue with the U.S. footwear retailer until his retirement date, currently estimated for June, and transition his responsibilities to other executives. Hackman has been Boot Barn’s ...
