All Retail articles – Page 32
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ArticleScarpe & Scarpe debt restructuring scheme approved by creditors
The large majority, 87 percent, of creditors of the Italian footwear retailer Scarpe & Scarpe have approved the company’s debt restructuring scheme. The plan was approved by all preferential, or Class-1, creditors such as the Italian tax authority, the customs office and social security, and by 83 percent of unsecured, ...
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ArticleAstorMueller expands in women’s footwear with Bagatt
AstorMueller Group, which is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes, is expanding its offer of women’s shoes with the acquistion of Bagatt, a brand that focuses on middle-market leather shoes. Established in northern Italy in the 1980s, Bagatt’s products are mainly marketed through brick-and-mortar stores, ...
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ArticleWortmann suspends sales to Russia
Russia is the most important export market for the Wortmann Group through its Tamaris and Caprice brands. But following the Russian invasion of Ukraine, the women’s shoe specialist has decided to stop servicing the market. The company based in Detmold, has also offered its employees in Ukraine the opportunity to ...
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ArticleGerman shoemakers write off the Russian market
The Russian invasion of Ukraine has affected the businesses of many German shoe and leather goods manufacturers, which had been built up over the past few years. “The consequences of this massive unrest are not foreseeable at this point in time,” said Manfred Junkert, general manager of HDS/L, the federal ...
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News briefs
Job portal for Ukrainian refugees
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative Händler helfen Händlern (retailers support retailers) as ...
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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News briefs
German retail supply problems worsen in February
Supply problems in German retail have worsened again in February but the clothing industry faired better than other sectors, according to a survey by the research institute ifo. In February, 76.3 percent of overall retailers said that they did not receive all the goods they ordered. In January, the figure ...
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News briefs
Hotter Shoes partners with True Fit
Hotter Shoes has entered a partnership with True Fit, a customer experience platform that decodes fit and size, to help customers shop online. The British footwear brand claims that 90 percent of new clients are now acquired through digital channels. True Fit will leverage its AI-powered algorithm to enable Hotter ...
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ArticleFootwear firms have to prepare for the impact of the war in Ukraine - FDRA
The Russian invasion of Ukraine on Feb. 24 and subsequent sanctions imposed by numerous countries led by members of the North Atlantic Treaty Organization could affect footwear companies. The U.S. trade association Footwear Distributors and Retailers of America (FDRA) released guidelines on how companies can better prepare to face the ...
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ArticleRussian retailer Paolo Conte is being pushed into bankruptcy
The Russian bank SberBank has requested the bankruptcy of Paolo Conte, one of Russia’s major shoe retailers. The Russian newspaper Kommersant reported that Paolo Conte has accumulated a large debt with SberBank after it failed to adjust to growing online demand and suffered from both a decline in footfall in ...
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News briefs
Tod’s wins public tender for exclusive Milan store
Tod’s has won an auction to rent a store in Galleria Vittorio Emanuele II, Milan’s iconic shopping arcade, which is next to the city’s cathedal. In a public tender, the Italian luxury leather goods producer offered to pay an annual rent of €1.805 million for the 249-square-meter store, which is ...
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ArticleAllbirds launches a resale platform
Allbirds, the B Corporation certified Californian brand of footwear and apparel, has launched the resale platform Allbirds ReRun in partnership with Trove, which specializes in branded recommerce. ReRun will initially offer customers at three stores the option of trading in their Allbirds shoes for $20 in store credit. Following the ...
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ArticleNew global store concept for Hoka launched in Asia
Green Room, an experimental design agency based in Birmingham, England, has partnered with footwear and apparel brand Hoka One One to develop a new global store concept that has been launched first in China and Southeast Asia. The partnership has developed a community-focused retail concept that will be rolled out ...
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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News briefs
Allbirds opens a store in Charlotte
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel, opened its first store in Charlotte, U.S. The 2,964 square foot space is the company’s 36th store worldwide. ”Displays around the shop call attention to the merino wool, sugarcane, tree, and other materials that its ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
US footwear sales exceed $100bn in 2021
Footwear sales in the U.S. rose by 29.8 percent in 2021 to a record $100.7 billion, according to the trade association Footwear Distributers and Retailers of America (FDRA), which claims to represent 95 percent of all U.S. shoe companies. It noted that the record was helped by a 20.5 percent ...
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News briefs
Global sports shoe market to grow strongly this decade
Global sales of athletic footwear are expected to grow strongly this decade according to two separate reports. The surveys have different estimates but both highlight the robust upward trend of the industry. The market is expected to reach $165 billion in 2030, representing a 50.4 percent increase from the $109.7 ...
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News briefs
Bisgaard to launch a women’s collection in Germany
Bisgaard is launching a women’s collection in Germany, collaborating with Düsseldorf-based agency Muth. The Danish brand already sells children’s shoes in about 700 doors in Germany. Under the partnership deal, Muth will manage the distribution of Bisgaard’s women’s collection in the new market starting from the next autumn/winter season. The ...
