All Retail articles – Page 30
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News briefs
U.K. consumer confidence at record low
Consumer confidence in the U.K. in June hit a new record low of -41, down from -40 in May and -9 in June 2021, according to data released by market research group GfK. “With prices rising faster than wages, and the prospect of strikes and spiralling inflation causing a summer ...
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News briefs
French footwear sales surge in May
Retail sales in France in May rose by 0.6 percent in volume from April on a calendar and seasonally adjusted basis with a 2.8 percent decline in food sales offset by a 1.8 percent increase in the sales of manufactured goods, according to data released by the Bank of France. ...
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News briefs
Nike pulls out of Russia
The U.S. sportswear company Nike is pulling out of the Russian market. The brand had already suspended its activity in the country on March 3 following Russia’s invasion of Ukraine on Feb. 24. In a statement, the brand said that it would not reopen the stores that it had closed ...
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News briefs
Walmart has a controlling stake in AI robotics automation provider
The U.S. retailer Walmart has a 62.2 percent stake in Symbotic, a provider of artificial intelligence-enabled robotics automation technology, according to a filing with the US Securities and Exchange Commission. On June 8, Symbotic became a listed company on Nasdaq through a merger with the special purpose acquisition company SVF ...
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News briefs
Bata aims to double its Italian franchise network in 3 years
Bata, the Lausanne-based shoemaker plans to increase the number of its stores in franchising from about 90 currently to 200 by the end of 2024. The expansion of the network will focus on opening stores in the center of towns with a population of 40,000-80,000. The brand is also interested ...
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ArticleEl Naturalista enjoys a strong rebound with its summer collection
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...
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ArticleSioux looks forward to returning to direct personal contacts at trade shows
In an exclusive interview wih Shoe Intelligence, Lewin Berner, the CEO of the German footwear company Sioux, explains the reasons behind the decision to manage distribution directly in the Benelux, his view on the war in Ukraine after Russia’s invasion on Feb. 24, the return of the company’s presence in ...
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News briefs
ANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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ArticleThe exodus of Western brands from Russia continues
CCC and Vagabond Shoemakers have recently joined a long list of companies that have suspended operations on the Russian market, after Russia invaded Ukraine on Feb. 24, which led to international sanctions against the country. CCC closed all brick-and-mortar stores and temporarily suspended its online store in Russia. Previously placed ...
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News briefs
Arklyz buys Shoe City
Arklyz Group, the owner of the athletic specialty footwear and lifestyle retailer, The Athlete’s Foot (TAF), has bougth Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with an online platform www.ycmc.com. Shoe City is an established local business, having started with one location in Baltimore in 1949. ...
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News briefs
OR Group undergoes a restructuring
The Russian footwear retailer OR Group, formerly known as Obuv Rossii, announced that its online marketplace Westfalika temporarily stopped accepting orders, as a part of an anti-crisis program embarked on by the company. OR Group has also started restructuring its retail network, closing the least profitable stores. In particular, three ...
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News briefs
Record loss for Footway in Q1
After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at a negative71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK 12.8 million in the first quarter of ...
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News briefs
Vans opens a new store in Milan
Vans has opened a three-story, 300-square-meter shop in Milan’s Via Orefici at the Orefici11 retail space, which also hosts brands like The North Face, Timberland and Napapijri. It is Vans’ 36th store in Italy and its fifth in Milan.
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ArticleWalmart to launch drone deliveries in 6 U.S. states
Walmart is expanding its drone delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. The service is done in partnership with DroneUp and will enable to deliver over 1 ...
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News briefs
Allbirds opens two stores in the U.S.
Allbirds, the B Corporation certified Californian brand of footwear and apparel, opened two stores in the U.S., bringing its global network to 43 units. The brand opened a new 3,975 square foot space retail store and community center in Fulton Market. It is its third store in the Chicago area. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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ArticleArezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...
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News briefs
Russell and Bromley to open a store in Dublin
The British footwear brand Russell and Bromley plans to open a store in Dublin, its first outside its domestic market, this autumn. The 1,300 square-feet store will be located in Grafton Street and will comprise the brand’s men and womenswear collections. The chief executive, Andrew Bromley, described the opening as ...
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ArticleShoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
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ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
