All Retail articles – Page 47
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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 ...
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News briefs
Clarks temporarily closes stores in the U.K. Ireland and the U.S.
Clarks has closed all of its stores in the U.K., Ireland and the U.S. to help curb the Covid-19 pandemic. According to its general manager for the U.K. and Ireland, Joe Ulloa, store employees will continue to receive pay and benefits, and the company’s online store will remain open. Certain ...
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News briefs
Hidesign to expand retail footprint in India
According to an English-language Indian daily, the Deccan Herald, Hidesign will be expanding its retail footprint in its home country of India. The producer of leathergoods will be opening flagships – every one exceeding 1,000 square feet and carrying the brand’s full range of products – in Pondicherry, Mumbai, Delhi, ...
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News briefs
Clarks plans to permanently close some U.K. stores
Clarks intends to permanently close a “small number” of stores, which will not reopen after a nationwide lockdown is lifted in the U.K. The footwear company has 347 stores in the country, which were all closed due to the Covid-19 pandemic. According to the daily The Sun, Clarks could permanently ...
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Article
Zeis Excelsa wants to become a platform for Italian brands
Zeis Excelsa, an Italian firm based in Montegranaro, in the Marche region, is aiming to grow by an annual average of 25 percent over the next three years to 2022 by becoming a platform for Italian footwear brands. As a former president of Anci, the Italian shoe industry association now ...
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News briefs
Confindustria asks landlords to postpone rents
The Italian government having halted most commerce until April 3, Confindustria Moda has written to commercial landlords asking them to postpone the payment of rents or renegotiate leases for the Italian fashion retailers it represents. The association’s president, Claudio Marenzi, worries that the situation in Italy is far from resolved ...
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Article
Geox sees 20% drop in DOS sales during Q1
Geox expects sales of its directly-operated stores (DOS) to have declined by 20 percent in the first quarter because of the impact of Covid-19. In the 12 weeks to March 22, comparable sales for DOS dropped by nearly 15 percent because of store closures, first in Italy and then throughout ...
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Short stops
Retail short stops
+++ Moreschi has opened a store in the City Stars Mall near the Egyptian pyramids +++ Dr. Martens has opened its fifth directly owned German store in Stuttgart +++
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News briefs
Dr. Martens opens fifth German store
Dr. Martens opened its fifth store in Germany at the end of 2019. On Feb. 13, Dr. Martens will celebrate the official opening of its new store in Stuttgart. There are still speculations about the sale of Dr. Martens, which is owned by institutional investors who want to cash out ...
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News briefs
Footwear brands flock to Marylebone Village
Marylebone Village, in the chic residential area of London’s West End, is attracting more and more footwear brands. Allbirds, Joseph Cheaney and Martel + Ram are all opening there. Allbirds is about to open its second U.K. location at 46 Marylebone High Street, following the opening of the other store ...
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News briefs
Footasylum enlists CDO to fight fraud
Footasylum has signed up to Claims Detect Online (CDO), a new tool to help tackle the issue of suspicious refund claims in the U.K. The tool has been developed by National Business Crime Solution (NBCS), a non-profit initiative. Retailers are being targeted by an increasing number of suspicious refunds or ...
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News briefs
Joya launches portal for retailers
Joya, the Swiss brand of comfort shoes, has launched a new online portal for retailers. This new type of B2B platform enables retailers to check production slots and current stock levels while providing fully automated pre-orders and real-time information on delivery dates and availability. Along with immediate orders, retailers have ...
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Article
Skechers invests in omni-channel
In reporting a strong 23.1 percent increase in overall revenues to $1,330 million for the fourth quarter of 2019, Skechers’ management revealed that it is developing a new omni-channel retailing platform where its brick-and-mortar stores will be more integrated with its e-commerce operations. Online sales still represent less than ...
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News briefs
Veja opens first U.S. store
Veja has just opened its first store in the U.S. Located in the Nolita neighborhood of New York City, the store reflects the French brand’s unfinished look and its commitment to sustainability, using wood and other simple materials and decoration. The store plans to host monthly panel discussions on sustainable ...
