All Retail articles – Page 43
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Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
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Article
Some shoe stores resume operations in Russia
While big cities like Moscow and St. Petersbourg are still locked down, about 15 percent of the 85 Russian regions have allowed brick-and-mortar shoe stores and a few other types of retailers of non-essential items to resume operations after President Vladimir Putin lifted the nationwide quarantine designed to fend off ...
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News briefs
Alibaba offers fashion labels an outlet for excess stock
Alibaba launched a new service for retailers. Called Luxury Soho, the platform is for mark-downs in the way that the group’s Tmall Luxury Pavilion is for inaugural collections. Through it, fashion labels can manage inventory while targeting specific markets, notably Millennials and Gen Z in China’s secondary cities. According to ...
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News briefs
Superga opens first flagship store in Germany
Superga, part of BasicNet, the parent company of Kappa, K-Way, Superga and other brands, opened a new flagship store in Berlin on May 2. The store covers 80 square meters and is located in the Bikini shopping mall. Superga had already opened a pop-up store in the popular shopping mall ...
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Article
U.S. footwear retailers reopen amid consumer wariness
American footwear retailers are gradually reopening with the staggered lifting of the lockdown in the U.S., but local consumers have expressed unease about shopping as the country continues to be affected by the Covid-19 pandemic.
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News briefs
Zalando opens new outlet stores, plans five extra outlets by 2022
Zalando has opened a 1,400-square-meter outlet store in Mannheim, bringing the total to nine in Germany. The opening was planned for April but was postponed after the recent lockdown in the country and the subsequent gradual reopening that was initially limited to stores of up to 800 square meters. The ...
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Article
Geox’s Q1 sales fall by 30%
Geox’s sales fell sharply in the first quarter of 2020, which was heavily affected by temporary store closures due to the Covid-19 pandemic in all regions the company is present. It warned that the second quarter will be worse.
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Article
Vivarte prepares to reopen stores on May 11
Vivarte, the French retailer that owns the banners La Halle, Caroll and Minelli, will reopen its 1,350 stores after eight weeks of closure on May 11. Stringent hygienic rules will be introduced, especially for fittings.
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News briefs
India extends lockdown for 2 weeks from May 4
The Indian government is extending a nationwide lockown for two weeks from May 4. The lockdown was scheduled to end on May 3 and will now run until May 17. The Ministry of Home Affairs however indicated that there would be significant relaxations in low risk parts of the country, ...
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News briefs
German retailers suggest “Corona checks” of €500 per adult
HDE, the German retail federation, suggested so-called ”Corona checks” of €500 per person in order to boost local purchasing power and the domestic economy. According to HDE, €500 per inhabitant would lead to a surge in demand of up to €40 billion and would have a ripple effect on the ...
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Article
Consumers are buying less footwear, while re-evaluating the internet
Consumers are reducing spending on non-essential goods such as apparel and footwear because of Covid-19, but they are making more use of the internet for their purchase during the lockdown, developing new habits and creating new opportunities for the brands, based on research conducted by McKinsey & Company.
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ArticleThe Italian footwear industry prepares to restart
On April 20, Gucci reopened ArtLab, a facility producing prototypes and samples for the brand’s leathergoods and footwear lines in Scandicci, near Florence. The announcement was a milestone in Italy’s attempt to gradually return to normality after the government imposed a nationwide lockdown on March 10 to combat the Covid-19 ...
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News briefs
Belgium postpones its summer sales
Belgium is postponing the start of its summer sales by one month, to August 1, to cushion the blow of the Covid-19 pandemic. About 90 percent of the country’s fashion retailers signed an open letter to the government requesting postponement to generate full-price revenues from their unsold stock. Shoe and ...
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News briefs
Loro Piana opens concept store in Hong Kong
According to the Hong Kong Tatler, Loro Piana has opened its first Rare Walk concept store in Asia at the K11 Musea mall in Hong Kong. The store is dedicated not to ready-to-wear fashion but to the brand’s shoes, notably the White Sole and Open Walk collections, as well as ...
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ArticleSome stores are re-opening in Germany
After consultations with the state governors, German Chancellor Angela Merkel announced on April 15 that certain types of stores could open again from Monday April 20, after being shut down for five weeks. The retail lockdown for non-essential items was relaxed only for stores that have a maximum surface of ...
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Article
VF books $380 million impairment for underperforming Timberland
VF Corporation booked a goodwill impairment charge of $320 million on Timberland, which has not been performing as well as its other brands. In the full year ended on March 28, the group expects operating profit to be between $1.0 billion and $1.1 billion for its continuing operation. It also ...
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Article
Yue Yuen’s manufacturing revenues fall by 10%
Yue Yuen Industrial Holdings is warning investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the lockdown of ...
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Article
Vivarte turns to courts to save La Halle
To avoid a total collapse of La Halle, hit by the closure of all of its stores due to Covid-19, the Vivarte retail group has opened a ”safeguard procedure” with the Paris Commercial Court. The aim is to restructure the debt of the big French chain of low-priced shoe and ...
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ArticleGlobal footwear consumption seen down by 22.5% in 2020
The Covid-19 pandemic is expected to slash global footwear consumption by 22.5 percent this year and prompt the industry to rethink the organization of the supply chain. Sneakers and e-commerce continue to be viewed as the growing segments of the market over the next three years.
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News briefs
Schuh restarts e-commerce business
The Scottish footwear retailer Schuh has reopened its e-commerce platform, which new health and safety standards in the U.K. had temporarily closed because of the Covid-19 pandemic. The site will now operate with a maximum staff of 10, two-meter spacing between workers and site sanitization. According to the company, the ...
