All Retail articles – Page 29
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Kizik raises $20m in a series B fund round
Kizik, based in Lindon, Utah, has completed a $20 million series B funding round led by the private equity The Newcastle Network. The American footwear brand, whose parent company is HandsFree Labs, specializes in slip on shoes. It will use the funds to launch a Kizik Kids line and to ...
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ArticleUnbound raises funds for its growth
Hotter Shoes’ parent company, Unbound Group, raised a gross £3.3 million by selling 22,004,615 shares at a price of 15 pence each in a placement. In addition to the placing, certain of Unbound’s directors and senior managers subscribed for 1,221,281 shares, under a subscription scheme, at a similar price and ...
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ArticleManagement changes at Primark aim at boosting international expansion, digital sales
Associated British Foods (ABF), the parent company of Primark, has poached the finance chief of Marks & Spencer (M&S) and reinforced the management structure of its apparel retailing subsidiary. The two moves are expected to help Primark in its international expansion, especially in the U.S., and improve its online offering. ...
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ArticleCapri plans to significantly boost shoe sales
Capri Holdings aims to significantly increase the footwear and accessories sales of its brands Jimmy Choo, Versace and Michael Kors, For Versace, footwear revenues are forecast to rise from $200 million in the full year ended April 2, 2022, to $300 million over time, while for Michael Kors shoe sales ...
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Naot Footwear to open a flagship store in New York
Naot Footwear, an Israeli footwear company, plans to open a flagship store in New York City’s SoHo neighborhood in early fall 2022. The 800 square-foot store will be located 436 West Broadway, in the heart of SoHo, alongside the city’s most iconic boutiques. The brand claims it ”has long had ...
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French footwear sales plunge in June after a strong May
Footwear sales dropped by 9.0 percent month on month in June, on a seasonally and working-day adjusted basis, the sharpest decline among the categories monitored by the Bank of France to gauge retail trade. In May, footwear had been the best performing category with a 7.5 percent rise. Overall retail ...
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Aerosoles signs a licensing agreement with Orly to expand into men’s products
The American luxury comfort footwear brand Aerosoles has signed a licensing agreement with Orly Corporation for the distribution of men’s slippers, men’s and ladies flip flops, hanging footwear, men’s socks and roller skates for men, women and youth. The collections will complement the brand’s assortment of classic women’s styles. The ...
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News briefsDesigner Brands enters licensing agreement with Le Tigre
Designer Brands has entered a licensing agreement with Le Tigre 360 Global, that will add the Le Tigre label to its portfolio of ”owned brands”. The Ohio-based footwear company aims to double sales of the owned brands category by 2026. The current portfolio includes Vince Camuto, Reebok, Hush Puppies, Jessica ...
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H&M pulls out of Russia
H&M announced that it would start winding down its business in Russia. The move will cost the Swedish apparel retailer about SEK 2 billion (€190m), of which SEK 1 billion will impact its cash flow. The amount will be accounted as a one-time cost in the company’s third-quarter results. The ...
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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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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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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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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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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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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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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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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 ...
