All Retail articles – Page 5
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ArticleGerman independent shoe stores close as retail crisis deepens
A growing number of independent, family-run shoe stores across Germany are closing their doors after decades in business, underscoring the deepening struggles of the country’s traditional retail sector, increasingly dominated by larger chains and online shopping. Changing consumer habits, high rents and a lack of successors are rapidly accelerating a ...
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ArticleAdvance Capital Partners and Mass to acquire Leder & Schuh
Advance Capital Partners, a Slovenian private equity firm, and Mass, a Slovenian retailer, have reached an agreement with owners of Leder & Schuh to acquire the Austrian company. With roots dating back to 1872, Leder & Schuh is one of Europe’s oldest footwear retailers. It operates 210 Humanic and Shoe4You ...
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ArticleGlobal footwear market seen rising an annual average of 5.9% to 2032
The global footwear market was estimated at $409.5 billion in 2022, and is anticipated to hit $725.1 billion by 2032, registering a compound annual growth rate of (CAGR) of 5.9 percent from 2023 to 2032, according to Allied Market Research. In a report titled “Footwear Market by Type (Athletic and ...
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Manolo Blahnik opens a store in Milan
Manolo Blahnik opened its first store in Milan. The 300-square-meter shop is located in Via Pietro Verri 5 and is the brand’s largest in Europe. The company’s CEO, Kristina Blahnik, told FashionNetwork.com that the luxury footwear brand expects to close 2025 with a 5 percent increase in revenues from the ...
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ArticleAustrian shoe retailers post a strong sales increase in H1
After several challenging years, Austria’s retail sector is showing signs of recovery and posting its first real growth in four years in the first half of 2025, with the shoe industry leading the rebound, a survey by the Austrian Institute for Economic Research (IFÖW) showed. According to the report, total ...
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Ross Stores completes store openings for fiscal 2025
Ross Stores opened 36 Ross Dress for Less and four dd’s Discounts stores across 17 different states in September and October. “These new locations complete the company’s store growth plans for fiscal 2025, with the addition of 90 new locations throughout the year,” said the US off-price apparel and home ...
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Frasers buys a majority stake in The Webster
Frasers has acquired a majority stake in The Webster, a Miami-based luxury retailer. The move marks another step in the British group’s strategy to expand its presence in the luxury and premium retail space, complementing its Flannels division. The financial terms of the transaction were not disclosed. Laure Hériard ...
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Famous Footwear Australia closes down
The Australian retailer Famous Footwear announced that it is closing down after 25 years of activity. The company’s online store will stop operating at the end of the year, while its 17 stores located in the states of New South Wales, Queensland and Victoria are scheduled to close early 2026. ...
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ArticleGörtz is also insolvent in Austria, investor plans comeback in Hamburg
Following its second collapse in Germany since 2023, the troubled Hamburg-based shoe retailer Görtz has now filed for insolvency in Austria as well. The company, now operating under the name GAT Retail GmbH, said it intends to restructure and continue operations. The Austrian filing affects 108 creditors, with claims totaling ...
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ArticleOnygo closes all stores after failed rescue attempt
The insolvent German shoe and fashion retailer Onygo is permanently closing all its remaining stores across the country and laying off 150 employees, following a failed rescue attempt. The move marks another casualty in Germany’s struggling retail sector. In an interview with trade magazine TextilWirtschaft, Onygo’s Managing Director, Frank ...
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Shein to open physical stores in France
Shein, the fast-fashion e-tailer founded in Nanjing, China, and now headquartered in Singapore, will be opening physical stores as of November, starting in France. To this end, according to the BBC, it has secured a deal with Société des Grands Magasins (SGM), a French family-owned company founded in 2018 that ...
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ArticleGenesco unites Journeys, Schuh and Little Burgundy under the same leadership
Genesco, the US footwear group with more than 1,250 stores in North America, the UK and Ireland, as well as a portfolio of owned and licensed lifestyle brands, announced the formation of the Journeys Global Retail Group which unites the banners Journeys, Schuh and Little Burgundy. “This alignment creates ...
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H&S files for insolvency
The Bavarian shoe retailer H&S Schuhhandelsgesellschaft has filed for bankruptcy as part of a restructuring effort amid economic pressures from rising energy, personnel and rental costs. Around 82 employees across 15 stores are affected. The company submitted an application for self-administration to the Aschaffenburg District Court, which appointed attorney ...
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Bär opens a new store in Passau
The German shoe manufacturer Bär Schuhe has expanded its retail network with the opening of a new store in Passau, in the Bavaria region of Germany. Located at Ludwigsplatz 1a, in the heart of Passau’s historic city center, the new shop marks Bär’s 22nd location nationwide. Covering approximately ...
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ArticleNeroGiardini hopes to stabilize revenues as it celebrates its 50th anniversary
NeroGiardini is celebrating its 50th anniversary. During Micam, the international footwear trade show held from Sept. 7 to 9 at the Fieramilano Rho exhibition center outside Milan, the Italian shoemaker held an event at its showroom in central Milan for domestic and international customers. As part of the celebrations, there ...
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ArticleRoots opens a flagship store in Vancouver
The Canadian footwear brand Roots opened its newest flagship in Vancouver and launched its first-ever pilot concept store in Toronto. The Vancouver store is situated at 929 Robson Street and will serve as a community hub, hosting events and initiatives that bring people together, “further embedding Roots in Vancouver’s cultural ...
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India applies 5% sales tax on goods priced below 2,500 rupee
On Sept. 22, 2025, India’s Goods and Services Tax (GST) was reduced to 5 percent from 12 percent for products priced below 2,500 rupees (€24), a move which is expected to lift demand for cheaper goods. Meanwhile, the GST for goods priced above 2,500 rupees was increased to 18 percent ...
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ArticleUS footwear distributors and retailers expect to pay $2bn more in import duties this year
The Footwear Distributors and Retailers of America (FDRA) estimates that its industry faces a $2 billion increase in import duties this year due to the tariffs introduced this year by the administration of the US President, Donald Trump. “The Footwear Distributors and Retailers of America is an 81-year-old organization that ...
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The German shoe store Schuhhaus Hammes closes after 129 years
Schuhhaus Hammes, a traditional shoe store and longtime fixture in the retail scene of the German town of Trier, will close its doors on Sept. 30, after 129 years in business. Founded in 1896 by Paul Hammes, the family-run store has operated across multiple locations throughout its history, most ...
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ArticleConcentration in German brick-and-mortar footwear and fashion retail hits new high
The concentration of brick-and-mortar fashion retailers in Germany is increasing, with large companies dominating the clothing and footwear market and the number of small specialty stores continuing to decline, a survey from BTE, the German trade association for textiles, footwear and leather goods, showed. The findings are based on 2023 ...
