All Retail articles – Page 37
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News briefsObuv Rossii’s profit slumped in 2020
Obuv Rossii’s revenues in 2020 decreased by 21.4 percent to 10.772 billion rubles (€119m-$140m) from 13.702 billion rubles (€152m-$179m) in 2019 due to the impact of the Covid-19 pandemic. In April 2020, all the company’s stores were closed due to a pandemic-related lockdown and part of them opened in May-June. ...
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News briefs
H&M plans layoffs, store closures in Spain
Hennes & Mauritz (H&M) intends to lay off more than 1,000 workers in Spain who are now under furlough due to the Covid-19 pandemic, according to the Spanish union Comisiones Obreras (CCOO). The Swedish apparel retailer “informed employee representatives of the launch of a redundancy plan which it said will ...
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News briefs
Schuhplus to open a store in Leipzig station
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, is scheduled to open in May a 125 square meter store in Leipzig’s main railway station. The station has about 70,000 passengers a day and ranks as Europe’s best, according to the European Railway Station Index for 2021. ...
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News briefs
Shoe retailing becomes an essential service in Bavaria
ANWR Group has obtained a court verdict in Bavaria that allows its own 19 Schuh Mücke shoe shops to open their doors in the state as of April 1, despite a nationwide retail lockdown, because the sale of shoes is an “essential” service. The court’s decision is applicable for the ...
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News briefs
French government earmarks €200 mln to help fashion retailers
Alain Griset, the French minister in charge of small and medium enterprises, said that nearly €200 million will be made available to the about 35,000 retailers of apparel, footwear, sporting goods and leather goods that are laden with unsold stock due to the Covid-19 related lockdowns. In an RTL radio ...
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ArticleEurope’s patchwork of Covid-19 regulations for retailers
Ongoing changes to local Covid-19 safety regulations for retail stores make it difficult to stay on top of things as the pandemic situation heats up again in most European countries. Here is an overview (as of March 25, subject to change and with regional variations) of the status of so-called ...
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News briefs
Yeezy’s Adidas 2020 sales jump 31%
Sales of sneakers resulting from Yeezy’s collaboration with Adidas grew by 31 percent to nearly $1.7 billion in 2020, according to a document prepared by the Swiss bank UBS, details of which were reported by Bloomberg. The partnership generated $191 million in royalties for Yeezy, the sneaker and apparel business ...
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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 ...
