More German independent shoe stores close as the retail crisis deepens
A wave of closures among independent, family-run shoe stores across Germany is showing no signs of slowing down as the country’s traditional retail sector continues to struggle with shifting consumer habits, high rents and a lack of successors, while larger chains and online shopping platforms increasingly dominate the market.
Wormland files for insolvency again
Just over a year after emerging from bankruptcy, the German men’s fashion retailer Wormland has once again filed for insolvency with the Osnabrück District Court.
Metro Brands launches the sport performance format MetroActiv
The Indian footwear retailer Metro Brands is expanding into the sports performance segment with a new concept, called MetroActiv.
Primark could be spun off by its parent company
Associated British Foods (ABF) is mulling a split of its Primark and global food businesses under a review of its group structure, as it looks to unlock value in a tough consumer environment.
Marc O’Polo opens shoe showrooms in Stephanskirchen and Hamburg
The Swedish-German fashion label Marc O’Polo is accelerating its European expansion with the opening of two shoe showrooms in Stephanskirchen, its Bavarian hometown, and Hamburg.
Closed’s future is secured
After approximately two months of intensive investor negotiations, the German fashion label Closed has found a new owner.
Boot Barn raises guidance after strong Q2, increases store opening ambitions
Boot Barn raised its ambitions for new store openings and hiked guidance for its full fiscal year after posting another strong set up results in its fiscal second quarter ended Sept. 27 and in the first four weeks of its third quarter.
Royer goes into receivership
Groupe Royer, which is struggling with its debt burden, was placed into receivership by a commercial tribunal based in Rennes, Brittany, the region where the French footwear company is based.
German independent shoe stores close as retail crisis deepens
A growing number of independent, family-run shoe stores across Germany are closing their doors after decades in business, underscoring the deepening struggles of the country’s traditional retail sector, increasingly dominated by larger chains and online shopping. Changing consumer habits, high rents and a lack of successors are rapidly accelerating a ...
Advance Capital Partners and Mass to acquire Leder & Schuh
Advance Capital Partners, a Slovenian private equity firm, and Mass, a Slovenian retailer, have reached an agreement with owners of Leder & Schuh to acquire the Austrian company. With roots dating back to 1872, Leder & Schuh is one of Europe’s oldest footwear retailers. It operates 210 Humanic and Shoe4You ...