All Retail articles – Page 9
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ArticleC-Suite interview: Valleverde expects stable revenues in 2025 and calls for European import duties
Valleverde is one of Italy’s most famous footwear brands with a presence of more than 40 years in its home market. Known for its comfort shoes and television commercials with the American actor Kevin Costner, Valleverde nevertheless filed for bankruptcy protection at the end of 2013. After six bankruptcy auctions ...
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Peter Kaiser opens outlet in Pirmasens
The women’s footwear brand Peter Kaiser has opened its new outlet in Pirmasens, in the Rhineland-Palatinate region of Germany, on the occasion of an open day at Caprice Schuhproduktion earlier this month. More than 1,000 visitors attended the event, according to Caprice. They were offered an insight into the footwear ...
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ArticleSpartoo’s sales drop but its cash flow improves
In 2024, Spartoo suffered a 7.7 percent decline in gross merchandise value (GMV) to €184.7 million, resulting in an 8.7 percent drop in revenues to €130.5 million. The French omnichannel fashion retailer generated €114.9 million of its GMV in France, down 6.9 percent year-over-year, and €69.8 million abroad, down by ...
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ArticlePeru and Guatemala shoemakers target new markets
Peru and Guatemala are two important Latin American footwear markets for different reasons. Peru, despite an annual production of 62 million pairs, ranks third after Chile and Mexico among the continent’s importing countries. Guatemala, on the other hand, ranks fourth after Brazil, Mexico and Ecuador among the region’s exporters, with ...
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ArticleDesigner Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters. The company, which owns the DSW chain, The Shoe Company and ...
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French footwear sales down by 1.8% in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 1.8 percent month-on-month, according to the Bank of France. Overall, French retail sales grew by a seasonally and working-day adjusted 0.5 percent month-on-month, after falling 0.1 percent in January. Food sales rose by 1.4 percent after falling ...
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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.
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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 ...
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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, ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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). ...
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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 ...
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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 ...
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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.
