Ferragamo posts DTC sales growth in Q4
Salvatore Ferragamo’s sales in the fourth quarter of 2025 fell by a reported 3.2 percent year-over-year, and by 2.0 percent at constant exchange rates, to €282 million due to a decline in the wholesale channel. However, direct-to-consumer (DTC) sales grew by 6.3 percent at constant rates marking an acceleration from ...
Next buys UK shoe retailer Russell & Bromley for £2.5m
Next is buying the struggling footwear chain Russell & Bromley in a £2.5 million (€2.87m) pre-packaged bankruptcy deal that puts 33 shops and 440 jobs at risk.
Primark’s sales suffered over Christmas
Primark’s parent company, Associated British Foods (ABF), has cut its profit outlook due to a weaker sales performance at the discount clothing chain as consumers in both the UK and Continental Europe tightened their belts.
Otto appoints a new CEO
The German retail conglomerate Otto Group has announced changes to its management structure, with the appointment of a new head for its Otto retail subsidiary as the long-standing CEO retires, and the departure of its own digital executive after just seven months in the role.
Small German footwear retailers continue to be hit by a wave of closures
A recent wave of closures that has hit independent, family-run shoe retailers across Germany is broadening as dwindling foot traffic and the continued shift to online shopping and large retail chains put mounting pressure on local high-street stores.
Wortmann to invest €100m in Tamaris
Wortmann Group has announced a sweeping €100 million investment to strengthen brand awareness and further develop the retail strategy of its Tamaris brand.
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.