All Retail articles – Page 41
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ArticleOne thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
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ArticleShoe Zone has reopened 416 stores out of 470
The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.
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ArticleShoe Carnival’s online sales soar
After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update. For this second fiscal quarter, which began on May 6, so far comparable store sales have surged by 28.1 percent from the same period last year, ...
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Article
Farfetch launches tool to measure environmental impact of purchases
Farfetch has created a tool to measure the environmental impact of goods bought on its e-commerce platform. The software is part of its efforts to help customers make environmentally-sensible choices, thus promoting the purchase of second-hand items. The British company, that specializes in luxury fashion, claims that the tool will ...
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News briefs
Obuv Rossii starts selling bicycles
As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii, has begun selling bicycles, handling after-sale servicing in its own ...
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News briefs
Crocs starts building a new European distribution center in Holland
Crocs has started building a 35,000 square meter distribution center in Dordrecht, in the province of South Holland in the Netherlands, which will become its main logistics hub in Europe. The new center is expected to open in April 2021 and create 200 to 350 jobs. The Amercian company known ...
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Article
Hotter plans to downsize with creditors’ support
Electra Private Equity, which owns the British footwear manufacturer and retailer Hotter Shoes, plans to downsize the company through a company voluntary arrangement (CVA) process. A CVA enables an insolvent company to seek an agreement with its creditors. But, the arrangement has to be approved by creditors holding at least ...
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News briefs
Online represented one-third of retail sales in the UK in May
In May, the proportion of overall retail sales in the U.K. bought online soared to the highest level on record at 33.4%, which compares with the 30.8% reported in April, according to the Office for National Statistics (ONS). In a survey carried out between May 18-31, the ONS says that ...
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News briefs
Kari inks partnership with AliExpress
Russia’s biggest footwear retailer, Kari, has begun selling shoes and accessories through AliExpress. Kari placed nearly 1,000 different items on the AliExpress website – nearly half of its product range - offering a 40 percent discount on everything. Kari decided to conclude the agreement with AliExpress when it became impossible ...
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News briefs
Zalando sees significantly hike in Q2 sales, Ebit
Zalando anticipates a significant increase in sales and Ebit in the second quarter, driven by changing consumer behavior, in particular a strong increase in the preference for digital offerings, as well as the development of its platform, which includes the accelerated expansion of its partner program. It adds that second-quarter ...
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Rinascente launches its online store
Italian upmarket retailer Rinascente, one of the major department store chains in the country, made its e-commerce debut with a dedicated website. The online store features 15,000 products from 650 brands in all product categories, spanning fashion, accessories (including Italian and international footwear and eyewear brands), beauty, food and design. ...
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News briefs
Zalando extends Connected Retail aid package to Poland, Sweden, Spain
From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run until ...
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News briefs
Pinko hires Glovo for delivery service
The Italian fashion brand Pinko has joined forces with the Spanish courier service Glovo, better known for its food delivery service. Under the partnership that started in June, consumers can access Pinko’s e-commerce platform through Glovo’s application and buy a series of items including T-shirts, bags and accessories, which are ...
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Article
Two large Italian retailers obtain government-guaranteed loans
The Italian retailers OVS and Rinascente have obtained government-guaranteed loans as part of the so-called liquidity decree to support large companies affected by the Covid-19 pandemic. The measure applies to firms with more than 5,000 employees in Italy and annual revenues above €1.5 billion. Economy Minister Roberto Gualtieri agreed to ...
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ArticleEnglish retailers reopen in a climate of caution
Non-essential stores reopened in England on June 15 amid concern that consumers will be absent, as a majority of people, 54 percent, remain opposed to the reopening. They are particularly reluctant to returning to shopping centers.
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News briefs
Galeria's CEO Stephan Fanderl is expected to leave
Stephan Fanderl is said to be leaving the position of chief executive of Galeria Karstadt Kaufhof (Galeria), the holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores. He has suggested a consensual separation to the Austrian-based Signa Retail Group, parent company of Galeria, ...
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ArticleFootway wants to buy a streetwear specialist
The Footway Group, the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore, wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots, or Caliroots for short. Caliroots has been undergoing a ...
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News briefs
Dielmann files for insolvency proceedings under self-administration
Dielmann, a German retailer with 48 footwear and sporting goods stores operating under such banners as Schuhhaus Dielmann and Sporthaus Robert Hübner, filed for insolvency proceedings on June 4. The local court of Darmstadt opened the proceedings under self-administration on June 8. The coronavirus is seen as having been an ...
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News briefs
ANWR and Sabu to introduce a new digital ordering platform
ANWR and Sabu, two of the major German shoe retailing cooperatives, want to introduce a new digital ordering platform for the shoe industry together with a partner, Mobimedia. The German software company’s Quintet24 platform enables companies to trade online and carry out all pre-orders and re-orders digitally. Because of the ...
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Japanese department stores hit by coronavirus and tourism slump
Japan was already in recession before the coronavirus crisis, with GDP down by an annualized 7.1 percent in the last quarter of 2019, and by 2.2 percent from January to March 2020. The country stayed under a state of emergency between April 6 and May 25, however with lighter restrictions ...
