All Retail articles – Page 6
-
News briefs
Santoni opens its largest store in the world in New York
The year of its 50th anniversary, the Italian luxury footwear brand Santoni opened its largest store in the world in the heart of New York. The 350 square-meter store is situated at 667 Madison Avenue and designed by Patricia Urquiola.
-
ArticleForever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu. F21 OpCo, the operator of Forever 21 stores and licensee of the brand in the US, entered into a ...
-
News briefs
Klarna files for IPO in New York
Klarna has applied to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR” through a filing with the US Securities and Exchange Commission. The number of shares to be offered in the initial public offering (IPO) and the price range have not yet been determined, ...
-
ArticleSkechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity. “China is performing basically in line with our expectations, which I think, from a positive perspective, would ...
-
ArticleGeox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion. ...
-
ArticleAustria loses 13% of its shoe stores as footwear retail crisis deepens
A steady wave of store closures continues to hit the Austrian footwear retail sector as brick-and-mortar sales further drop and the shoe industry gradually shifts toward online retail, with a recovery still not in sight, a survey from the market research company RegioData showed. The sector has been struggling for ...
-
News briefs
Birkenstock opens fourth store in London
On March 13, Birkenstock opened its fourth store in London, in the Chelsea district. The new 85-square-meter store is located at Blacklands Terrace on King’s Road. The Chelsea store marks Birkenstock’s sixth retail location in the UK. In Europe, the company operates 37 stores across eight countries and plans further ...
-
ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
-
ArticleGerman footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms. A recent survey by Germany’s textile, shoes and leather goods trade ...
-
News briefs
Klarna reportedly seeks over $15bn valuation in IPO
Klarna aims to raise at least $1 billion dollars from an upcoming initial public offer (IPO) in the US, the news agency Bloomberg reported, citing unnamed sources. According to Bloomberg, the Swedish payment company aims to price its IPO in early April and is targeting a valuation exceeding $15 billion ...
-
News briefs
Verdoso obtains clearance to acquire The Kooples
The French antitrust agency, Autorité de la concurrence, has approved the takeover of The Kooples Production by the French investment company Verdoso. Founded in 2008, The Kooples specializes in the design and retailing of premium clothing and accessories for men and women. The company has 184 points of sale in ...
-
ArticleC-Suite interview: Piccadilly celebrates 70 years with good growth prospects
Piccadilly is one of the oldest shoe companies in Brazil. Founded in 1955 by Almiro Grings, it started with an initial production of 12 pairs of shoes a day. Today it exports to 100 countries around the world and has a turnover of approximately 600 million Brazilian reais ($120 million). ...
-
News briefs
Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
-
News briefs
Alohas opens a store in Milan
The Spanish footwear and clothing brand Alohas has opened a store in Milan, its first in Italy and second abroad after the opening of a store in Paris. The brand has stores in Barcelona and Madrid and announced plans to open “many more” stores worldwide.
-
ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
-
News briefs
Spartoo liquidates is brick-and-mortar unit
Spartoo, a French fashion online retailer, is liquidating TooStores R1, a subsidiary created in 2015 to manage physical stores. The decision involves the immediate closure of 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. “Our request to open judicial liquidation proceedings concerning the ...
-
News briefs
French footwear sales up by 0.6% in January
In January, French footwear retail sales rose by a seasonally and working-day adjusted 0.6 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.1 percent month-on-month, after falling 0.6 percent in December. Sales volumes of manufactured goods were up by ...
-
News briefs
Last Esprit stores in Germany close
The fashion brand Esprit has closed the last of its 56 stores in Germany, as planned. The insolvent brand’s remaining stores in the country were originally due to close by the end of November, but nearly 30 stayed open longer for the Christmas sales season. The former European headquarters in ...
-
News briefs
Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
-
ArticleEmerging designer: Moroccan babouches get a Milan fashion twist
Established in Milan in 2022 and launched during Milan Fashion Week in June of that year, the Babú brand of fashionable flats are designed for comfort, as well as functionality. Inspired by the traditional Moroccan babouches, these edgy, pointed-toe loafers with a Milan fashion twist are perfect for daytime as ...
