Roots explores a possible sale
Roots has initiated a strategic review that includes the possibility of being sold. The Canadian lifestyle brand has hired J.P. Morgan Securities Canada Inc. as its financial advisor and Torys LLP as its legal advisor for the review.
Deichmann’s sales were up a currency-adjusted 2% in 2025
In 2025, Deichmann, Europe’s largest footwear retailer, booked currency-adjusted sales growth of over 2 percent to around €8.9 billion. The German group sold some 180 million pairs of shoes through 4,700 stores and 40 online shops in more than 30 countries. Almost 70 percent of sales came from outside Germany. ...
EU to proceed with provisional application of the trade agreement with Mercosur
The European Commission, the executive arm of the European Union (EU), is proceeding with the provisional application of the controversial free trade agreement with Mercosur after the accord was cleared by Argentina and Uruguay.
Theo Wormland to cease operations
Wormland, the German men’s fashion retailer, founded in Hannover in 1935, is shutting down after efforts to find new investors failed following its second insolvency. With no viable offers submitted, the provisional creditors’ committee has decided to close the nearly 90-year-old company and insolvency proceedings were formally opened by the ...
AI gains ground in DACH retail, but consumer concerns persist
Retailers across the DACH region, which comprises Germany, Austria and Switzerland, are increasingly adopting AI tools, but consumers remain concerned about data protection and privacy issues, according to a survey commissioned by VoCoVo, a company specializing in retail team communication.
Pölking files for insolvency again
The German shoe wholesaler Pölking has slipped back into financial distress, hit by a combination of rising costs, weakening consumer demand and delayed customer payments. The company once again filed for insolvency with the Osnabrück District Court less than three years after its first bankruptcy and just 20 months after ...
How the war in Ukraine has affected a local footwear company
Belsta, Ukraine’s largest footwear company founded in 2006 and based in Bilhorod-Dnestrovskyi in the Odessa region, has suffered extensively from the war with Russia, which used to be its biggest market. The company, which specializes in slippers, is seeking to bolster sales in the European Union.
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.