All Retail articles – Page 7
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ArticleC-Suite interview: Autry’s owner looks to cash in on success as it puts the brand up for sale
The owner of the fast-growing sneakers brand Autry is looking to cash in on its success with a sale to a new investor. The private equity Made in Italy Fund, managed by the Italian asset management company Quadrivio and the fashion consultancy Pambianco, acquired a controlling stake in Autry along ...
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ArticlePrimark’s Q3 sales up 13%
In the 12 weeks to May 27, corresponding to its third fiscal quarter, Primark’s sales rose by 13 percent at constant currency rates to £1,998 million (€2,327m), with like-for-like sales up by 7 percent, thanks to higher average selling prices. In the first nine months of the fiscal year, revenues ...
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Primark has room to expand its store network - financial analyst
Primark, the fast fashion retailer owned by Associated British Foods, has room to expand its store network given the low-single-digit market share in European markets and the opening of a second warehouse in the U.S., according to Richard Chamberlain, a financial analyst at RBC Capital Markets. “Our store potential ...
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Frasers buys a stake in Boohoo
Regulatory filings showed that Frasers Group bought 63.5 million Boohoo shares, or 5 percent of the capital of the U.K. online fashion retailer. It also bought an 8.9 percent stake in Currys, a British retailer of domestic appliances and electronics. “We see potential synergies and an opportunity to strengthen ...
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Kurt Geiger obtains new funding for international expansion
Kurt Geiger has secured a new financial facility to refinance its debt and accelerate its international expansion. The package was provided by Wells Fargo Capital Finance UK and Blazehill Capital. Media reports indicate that the deal could be worth about £150 million (€170m). “The combined facilities will provide significant flexibility ...
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Next increases full-year guidance after strong start to Q2
Next increased its full-year guidance after a strong start to its fiscal second quarter thanks to warmer weather and higher household incomes in the wake of annual salary increases. In the first seven weeks of the second quarter, full price sales were up by 9.3 percent year-over-year. Over the ...
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Metro Brands opens a store in Connaught Place, New Delhi
The Indian footwear retailer, Metro Brands, opened its 756th store in Connaught Place – one of the main financial, commercial and business centers in New Delhi. The 2,200 square-feet store will hold a wide range of footwear and accessories of the house brands Metro Shoes and DaVinchi as well ...
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ArticleApparel Group to open more than 20 Clarks stores in Saudi Arabia in 5 yrs
Apparel Group, a global fashion and lifestyle conglomerate based in Dubai, has entered a strategic partnership with Clarks. The alliance aims to expand the retail footprint of the British footwear brand across Saudi Arabia, with plans to open more than 20 stores over the next five years. “The expansion plan ...
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ArticleIndia to introduce new quality standards for footwear from July 1
The Indian government has decided to go ahead with plans to introduce from July 1 new mandatory quality standards for footwear. However, companies with annual revenues of less than 500 million rupee will only have to adapt from Jan. 1, 2024, while shoemakers with annual sales of less than INR ...
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News briefsAldo in partnership with Brooks Brothers
Authentic Brands Group (ABG) and the Aldo Group entered into a partnership to launch an expanded assortment of men’s footwear and small leather goods for Brooks Brothers, which is part of ABG’s portfolio. Brooks Brothers’ new men’s collections will launch in stores in February 2024 and will be distributed ...
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European luxury retailers likely to suffer from lack of Chinese tourists
European retailers of luxury goods are likely to suffer from a lack of Chinese tourists this summer, according to Baader Bank. According to the analysts of the German bank, Chinese travel demand is surging domestically but the recovery in international travel is lagging, due to slow visa processing and the ...
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Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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ArticleThe U.S. wholesale channel is Skechers’ most challenged marketplace
Currently, the U.S. wholesale market is probably the “single most challenged marketplace” for Skechers, while India is one of its most “exciting” markets. The company continues to see “robust” consumer demand in Europe, while China continues to offer “ample opportunity” to grow, explained John Vandemore, Skechers’ chief financial officer, during ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
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ArticleHooijer Group launches advertising campaign for Heydude brand
The Dutch distribution and wholesale company Hooijer Footwear Group has launched a wide-ranging advertising campaign to promote the American shoe brand Heydude, which it distributes in the Benelux, Germany and Austria. The campaign – which will span across television and print – will focus on the brand itself, not ...
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Arezzo opens its first Simples store
Reserva, a clothing brand of the Arezzo & Co group, opened the first store of its basic clothing range Simples at Barra Shopping – a mall in Rio de Janeiro. The opening comes eight months after Simples’ launch. The brokerage XP Investimentos noted that Simples has increased its product range ...
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The number of stores declined in the Netherlands during 2022
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
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Kizik opens its first store
Kizik, a U.S. brand specializing in slip-on shoes based in Lindon, Utah, is opening its first ever brick-and-mortar store near Salt Lake City on May 19. The 1,293 square foot store is located at Fashion Place Mall and was designed by MG2/The Lionesque Group. The store will offer Kizik’s full ...
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ArticleRussia’s Zenden plans to push on sports footwear
Russian casual footwear retailer Zenden has set its sights on sports footwear, a niche the company sees as lucrative after the departure of the leading Western brands. Alexander Sarychev, Zenden’s chief executive, revealed that the company, in the coming years, plans to accelerate the development of its sports brand Pulse, ...
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Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
