Mandatory tagging of footwear is finally introduced in Russia
After several delays and despite the continuing protests of some market participants, the Russian government has introduced a mandatory tagging of footwear on the domestic market from July 1. Now, all shoes not featuring Data Matrix tags will be illegal. The government estimates that this measure will wipe out counterfeit ...
How are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
Covid-19 spurs rent renegotiations, partnerships
Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...
Belarus footwear market heavily hit by coronavirus
Footwear companies in Belarus are experiencing a decline in domestic and foreign sales due to the Covid-19 pandemic, said Belarus’s deputy prime minister, Yuri Nazarov, during a press conference on June 23.
One thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
Shoe Zone has reopened 416 stores out of 470
The British footwear retailer Shoe Zone has reopened most of its store network, which is exiting the lockdown streamlined, as the company decided to permanently close 20 locations. Meanwhile, online sales were up by 32 percent in the fiscal first half.
Shoe Carnival’s online sales soar
After a difficult first quarter, Shoe Carnival is experiencing a strong rebound in sales, so much so that it has issued a business update.
Farfetch launches tool to measure environmental impact of purchases
Farfetch has created a tool to measure the environmental impact of goods bought on its e-commerce platform. The software is part of its efforts to help customers make environmentally-sensible choices, thus promoting the purchase of second-hand items.
Hotter plans to downsize with creditors’ support
Electra Private Equity, which owns the British footwear manufacturer and retailer Hotter Shoes, plans to downsize the company through a company voluntary arrangement (CVA) process.
Rinascente launches its online store
Italian upmarket retailer Rinascente, one of the major department store chains in the country, made its e-commerce debut with a dedicated website. The online store features 15,000 products from 650 brands in all product categories, spanning fashion, accessories (including Italian and international footwear and eyewear brands), beauty, food and design. ...