All Retail articles – Page 34
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News briefs
French government may authorize extra clearance periods
The French government is studying the possibility of additional clearance periods to help companies, such as apparel and footwear retailers, to eliminate stocks accumulated during Covid-19-related lockdowns. In an RTL radio interview, the French Economy and Finance minister Bruno Le Maire said “we are studying two options which could be ...
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ArticleGeox reaches a deal to reorganize its Canadian business
Geox has reached an agreement with creditors to restructure its Canadian business. The company had previously announced plans to streamline its activities in certain countries if it could not align rent costs with market conditions. The other countries under review are the U.S., Japan, the U.K. and Germany. According to ...
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News briefs
Munich’s largest shoe store to open in April
Schmid Schuhe Mode Sport is opening next month the largest shoe store in the Munich area, taking the place of a former Karstadt department store in the Olympia shopping mall. The 9,500-square-meter location will offer regular and sports shoes for the whole family on two floors. Based in Augsburg, the ...
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ArticleDigitalization fast-tracks transformation of B2C relationships
The Covid-19 pandemic and the resulting lockdowns have led fashion companies to accelerate on digitalization, leading to profound long-term changes both in digital and in brick-and-mortar retail in a rapidly changing environment. Such acceleration in the digital shift deeply impacted not only B2B relations, but also the B2C world, fast-tracking ...
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ArticleFashion companies speed up digitalization, target digital/brick-and-mortar integration
The Covid-19 pandemic and the resulting lockdowns have sped up the digital transformation for both businesses and consumers, at the same time setting off profound changes in digital retail, some of which are set to be long-lasting. These recent trends and the tools to best respond to this rapidly changing ...
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ArticleRizzo suspends purchases due to business slowdown
Rizzo Group, the Swedish retailer which offers suitcases, bags, shoes and accessories, is suspending purchases “to get through the spring” because of a sharp slowdown in activity stemming from the restrictions imposed to combat the Covid-19 pandemic. In a statement, the company, which is present in Sweden and Norway, is ...
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News briefs
L’Agence diversifies into footwear
The Californian ready-to-wear brand L’Agence is partnering with Titan Industries to launch a line of footwear produced in Europe. The collection will be available this autumn and will be initially sold online. But, the companies plans to expand distribution to department stores and specialty stores.
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Article
Germany extends lockdown to March 28
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28, to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly also because many ...
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News briefs
Birkenstock opens its largest store in Asia
Birkenstock has opened its first store in the Indian city of Bengaluru, also known as Bangalore. The 170 square meter location is the German footwear brand’s largest in Asia to date. It is spread over two floors and carries over 320 models. Birkenstock is expanding in India and recently opened ...
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ArticleANWR and Sabu offer liquidity support to retailers
The German retail cooperatives ANWR and Sabu are continuing to support their members by engaging in initiatives to underpin their liquidity as the coronavirus crisis drags on. ANWR Group is offering its affiliated national and international footwear, sporting goods and leathergoods retailers a €150 million financing program through its ...
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ArticlePayless returns to brick-and-mortar retailing in the U.S.
The American footwear retailer Payless is returning to brick-and-mortar retailing in its home market with the opening of a concept store on March 1 in Miami. But, the grand opening and ribbon-cutting event will be held a week later on March 8. After filing for Chapter 11 bankruptcy protection in ...
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News briefs
Unichel now believes Russia may curtail counterfeiting with shoe tagging
The mandatory tagging of footwear coupled with increased control of the Russian market could curb the share of counterfeit shoes, said Vladimir Denisenko, the head of Russia’s main footwear producer Unichel. Denisenko was initially critical about the tagging project when it was launched by the Russian government on July 1, ...
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News briefs
U.K. accepts to extend provisional Brexit deal to April 30
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left the ...
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ArticleEngland plans to reopen non-essential stores April 12
The British Prime Minister Boris Johnson announced that non-essential retailing may reopen in England on April 12 after having been closed to prevent the spread of the Covid-19 pandemic. England introduced a third national lockdown on Jan. 4. Johnson said that the vaccination campaign underway in the U.K. has “dramatically ...
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News briefs
Gap reportedly to close all British, Irish stores in July
The American fashion group Gap intends to close all of its stores in the U.K. and Ireland in July, in a move that could lead to the loss of hundreds of retail jobs, according to a report in The Times. Gap has 95 shops in the U.K. alone and is ...
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ArticleThe U.K. to regulate the “buy now pay later” market
The British government announced that the increasingly popular interest-free ”buy now pay later” (BNPL) credit agreements will be regulated by the Financial Conduct Authority (FCA) in order to protect consumers. The government noted that the volume of transactions involving BNPL solutions more than tripled in 2020 as the pandemic drove ...
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ArticleLogistics costs lift prices of Russian footwear imports
A hike in sea transportation tariffs is expected to increase prices of Russian footwear imports in the next few months, with cheaper shoes being most affected by the additional expense. At the end of 2020, the average tariffs for sea freight from China to Russia jumped from $1,500 to $9,000 ...
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News briefs
Santoni launches online business in China
Santoni, the Italian brand of high-end shoes, has opened a store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba, as part of a direct-to-consumer, digital-first strategy for the market. Along with its TMall launch on Feb. 1, Santoni also opened an account on WeChat, through which ...
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ArticleObuv Rossii’s revenue shrank in 2020
The Russian footwear retailer Obuv Rossii reported that its revenues for 2020 decreased by 20.9 percent to10.845 billion rubles (€121m-$147m) from 13.702 billion rubles (€153m-$186m) in the previous year due to the impact of the Covid-19 pandemic. Anton Titov, chairman of the Obuv Rossii Group, stated that 2020 was one ...
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News briefs
JD Sports head says Brexit “considerably worse” than expected
The impact of Brexit on trade is “considerably worse” than expected, Peter Cowgill, chairman of JD Sports Fashion told the BBC’s World at One program. He said that red tape and shipment delays to the European single market have resulted in “double-digit millions” in additional costs. Cowgill believes that the ...
