British luxury brands face duty-free hit
The U.K.’s luxury goods sector is set to feel the full impact of the government decision to axe tax-free shopping as Covid-19 travel restrictions come to an end and a key Chinese week-long public holiday looms, a survey showed.
Lloyd sees sales rebound, launches new biking shoe collection
The German shoemaker Lloyd Shoes is preparing the commercial launch of a new collection for e-bike riders heading to the office, as its own business starts to pick up after suffering from coronavirus-related lockdowns.
Emerging designer: Jerelyn Creado receives first order from Italian boutique
Exhibiting as part of the Emerging Designers event at Micam, held at the Milan Fairgrounds from Sept. 19 to 21, 2021, Jerelyn Creado’s eponymous brand scored its first-ever order from an Italian retail store – by the middle of the second day.
Primark benefits from pent-up demand, sees inventories declining
Associated British Foods (ABF) expects the adjusted operating profit of its food business and Primark to exceed its expectation for the fourth quarter ending Sept. 18.
Designer Brands gains market share in athleisure, kids’ footwear
In the second quarter ended July 31, Designer Brands posted a 66.9 percent year-on-year increase in net sales to $817.3 million, with comparable sales up by 84.9 percent as it continues to focus on athleisure and kids’ footwear.
Deichmann sales fall 20% in 2020
The German retailer Deichmann suffered a 20 percent decline in sales last year, resulting in €1 billion in lost revenues globally, due to the outbreak of the Covid-19 pandemic, the chairman, Heinrich Deichmann, told Textilwirtschaft.
Eobuwie opens its first physical store outside Poland
Eobuwie, the online retailer owned by the Polish group CCC, has opened its first brick-and-mortar store outside Poland. Eobuwie has 25 physical stores in its home market and opened on July 30 a store in the Novy Smichov shopping center in Prague. Previously, eobuwie only operated in the Czech Republic ...
Boohoo ties-up with Alshaya to expand Debenhams in Middle East
Boohoo has formed a partnership with Kuwait-based Alshaya Group to expand the presence of the British fast fashion retailer’s Debenhams brand in the Middle East.
Schuhplus expands retail network in Germany
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, is expanding its retail network with six new store openings across the country.
Aktiv Schuh’s restructuring plan is approved by creditors
Less than nine months after Aktiv Schuh filed for bankruptcy, creditors unanimously approved its restructuring plan. As the Berlin-based company’s reorganization is about to be completed, Aktiv Schuh - a 120-year-old family business that employs around 200 people - expects self-administration proceedings to be lifted this month.