All Retail articles – Page 40
-
News briefs
Oliver Sweeney closes its stores
The British footwear company Oliver Sweeney has permanently closed its five stores as its retail business, Oliver Sweeney Trading, went into administration, a local procedure for creditor protection. Three stores were located in London, one in Leeds and one in Manchester. The company’s online and wholesale businesses are not involed ...
-
News briefs
Daniel Footwear buys Johnsons Shoe Company
Newjohn Limited, a unit of the retailer Daniel Footwear, has bought Johnsons Shoe Company, a British family-run retailer, which fell victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors, on April 23. Johnsons Shoe Company has been trading since 1952. Johnsons ...
-
Article
Marc Fisher takes over Calvin Klein footwear license in North America
Marc Fisher Footwear has entered a multi-year license agreement with Calvin Klein for the design, production and distribution of both Calvin Klein and Calvin Klein Jeans women’s and men’s footwear collections in the U.S. and Canada. The move comes as the footwear license held by Jimlar, a unit of Global ...
-
Article
Hotter Shoes submits debt restructuring plan to creditors
UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private Equity, ...
-
News briefs
Birkenstock to sell footwear designed by Central Saint Martins’ students
From February, Birkenstock will sell in selected stores worldwide and on the site 1774.com footwear designed by four students of Central Saint Martins. The German company started working with the London-based college in 2018 when it commissioned the BA Fashion History & Theory course to work on its archive. In ...
-
Article
Floris van Bommel enhances the delivery service to retailers
The Dutch shoemaker Floris van Bommel has reorganized the delivery service to wholesale clients to increase flexibility. For the spring/summer 2021 season, five delivery time windows will be offered to retailers, up from three previously. Delivery slots will now be available in November, December, January, February and March. ...
-
Article
Only a quarter of U.K. companies are ready for Brexit
Only 24 percent of U.K. business leaders believe that their businesses are fully ready for the end of the Brexit transition period, which concludes on Dec. 31, according to a survey by the Institute of Directors (IoD). According to the survey, 19 percent of respondents said that they are ...
-
ArticleFootwear fails to keep pace with upswing in online sales in Germany
Despite enjoying a recovery, online sales of footwear lagged other product categories in Germany during the second quarter. As the country eased lockdowns imposed in a bid to counter the coronavirus pandemic, online sales reported a higher-than-average increase in the second quarter, swinging back to growth after a slump ...
-
News briefs
Schuh Schneider closes all its stores in Germany
The German shoe retailer Schuh Schneider GmbH from Reutlingen closed its eleven stores after filing for bankruptcy at the end of March. The decision to close the businesses stems from the lack of guarantees to ensure their continuation. According to press reports, the company’s boss Steffen Marsik was on track ...
-
News briefs
Lloyd stops production in Germany
Lloyd Shoes, the big German shoe manufacturer specializing in men’s footwear, expects a decline in sales of around 30 percent in the current financial year due to the coronavirus crisis. In response to a reduced demand for business shoes, the manufacturer will stop manufacturing at the Sulingen site in Germany, ...
-
News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo, the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon, Next and Asos stopped stocking its clothes. The review comes as Boohoo deals with allegations of using suppliers ...
-
News briefs
Iconic Parisian store Tati closes
GPG, the French retailer which operates under the Gifi banner, has decided to permanently close the iconic cut-price Tati store located in boulevard Barbès in Paris’s 18th arrondissement. The store suffered a 60 percent drop in sales between Oct. 1, 2019 and May 31, 2020 due to the Covid-19 pandemic ...
-
News briefs
Leder & Schuh obtains aid from government, banks to relaunch its activity
Austria’s Leder & Schuh has obtained support from the government and a pool of banks to relaunch its activity in the wake of the Covid-19 pandemic. The company described the pandemic as the greatest challenge in its history. All 200 Leder & Schuh stores in nine countries (Austria, Germany and ...
-
ArticleMandatory tagging of footwear is finally introduced in Russia
After several delays and despite the continuing protests of some market participants, the Russian government has introduced a mandatory tagging of footwear on the domestic market from July 1. Now, all shoes not featuring Data Matrix tags will be illegal. The government estimates that this measure will wipe out counterfeit ...
-
News briefs
Veja opens circular-economy test shop in Bordeaux
Veja has set up a 250-square-meter test shop devoted to repair and recycling. Called Veja X Darwin and located in the French city of Bordeaux, the shop carries prototypes that never went into production, sneakers with small manufacturing flaws and sneakers from old collections. A workshop will repair and clean ...
-
ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
-
News briefs
Stuart Weitzman exits Japan
Stuart Weitzman, the luxury footwear brand that is part of the Tapestry group, will close all of its three directly operated stores in Japan before the end of August. The American brand, which opened its first Japanese shop in 2018 at Isetan’s department store in Tokyo, does not have any ...
-
ArticleCovid-19 spurs rent renegotiations, partnerships
Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...
-
News briefs
Breuninger to open fully renovated, 11,000-sqm Nuremberg branch in September
The upmarket German department store retailer Breuninger is preparing to open its fully redesigned 11,000 square-meter branch in Nuremberg, in the southern German state of Bavaria, featuring an expanded range of premium and luxury brands as well as two new gastronomic outlets. The re-opening of the department store, redesigned by ...
-
Article
Belarus footwear market heavily hit by coronavirus
Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov, during a press conference on June 23. Even market leaders such as Belwest and Marko, which have their own production facilities, are suffering, because the ...
