All E-Commerce & DTC articles – Page 22
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Article
German shoe industry joins forces to launch data sharing platform
Germany’s shoe industry has joined a wide-ranging alliance to set up a data exchange and clearing platform for the sector. The footwear buying groups ANWR and Sabu, the shoe and leather goods industry association HDS/L and the merchandise management providers ETOS and Brandt Retail groups have agreed on a joint ...
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News briefs
Golden Goose opens a store on Tmall Luxury Pavilion
The Italian luxury sneaker brand Golden Goose has opened a flagship store on Tmall Luxury Pavilion, the B2C marketplace of the Chinese group Alibaba. The store will carry some of the brand’s most iconic products such as the sneakers Superstar, Stardan, Pure and Yeah, along with a new collection of ...
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News briefs
Russian customs wants to check parcels for counterfeit shoes
The Russian Federal Customs Service is seeking to obtain authorization from the government to inspect parcels entering the country for the presence of counterfeit products purchased through foreign online stores, according to Sergey Shklyaev, director of the trade restrictions department of the Customs Service. Shoes and clothes are the biggest ...
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News briefsHurley family takes over Simple
Kandui Holdings, founded by the Hurley family, has acquired the assets and intellectual property of the American brand Simple from KTSimple. Financial details were not disclosed. The acquisition is being carried through Simple Shoes, that will continue all ongoing operations with plans to enhance and evolve the Simple brand over ...
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ArticleHotter Shoes to close 46 stores as CVA approved by creditors
UK footwear chain Hotter Shoes will press ahead with plans to close 46 stores after creditors approved a Company Voluntary Arrangement (CVA) to restructure the firm during the coronavirus pandemic. The CVA was approved by 99.5 percent of voting creditors, including an “overwhelming majority of landlords”, passing the legal 75 ...
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News briefs
OLG signs five-year license agreement with Elie Saab
Onward Luxury Group (OLG) has signed a five-year licensing agreement with the Lebanese luxury brand Elie Saab for the production and distribution of footwear and leathergoods. The new collections will be available for the spring/summer 2021 season. OLG recently obtained the license for Elie Saab’s ready-to-wear. The first collection will ...
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ArticleVögele Shoes goes multichannel, focuses on digitalization
Swiss footwear retailer Vögele Shoes is revising its strategy and organization in a bid to reposition itself as an omnichannel retailer and cater to its customers’ needs through a data-driven approach and a wide range of digital touchpoints. During the Covid-19 related lockdown, Karl Vögele AG, which owns the banners ...
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News briefs
Showroomprivé launches €10 million capital increase
Showroomprivé, a French online retailer specializing in flash sales, launched a €10 million rights issue guaranteed by its founders David Dayan and Thierry Petit. The proceeds will finance the company’s general expenses. As of May 31, its net cash was €12.7 million. Shareholders can obtain 22 new shares for 17 ...
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News briefs
Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont, is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the new agreement, which will ...
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Article
Obuv Rossii enter logistics partnership with the Russian state mail operator
Obuv Rossii, a leading Russian footwear retailer, has appointed the country’s state-owned mail operator Russian Post its main logistics partner. The postal operator will be handling the delivery of orders from Obuv Rossii’s central warehouse to customers in Siberia. Russian Post has the largest network in Russia, with more than ...
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News briefs
UK e-tailer Shoeaholics opens six stores
Shoeaholics, the discount footwear and accessories e-commerce site owned by the British upmarket footwear retailer Kurt Geiger, is opening its first six pop-up stores in the U.K, including one on London’s Oxford Street. The site enjoyed a surge in revenues during the coronavirus-related lockdown and wants to build on the ...
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News briefs
Oliver Sweeney closes its stores
The British footwear company Oliver Sweeney has permanently closed its five stores as its retail business, Oliver Sweeney Trading, went into administration, a local procedure for creditor protection. Three stores were located in London, one in Leeds and one in Manchester. The company’s online and wholesale businesses are not involed ...
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Article
Zalando significantly improves its full-year guidance after Covid-19 outbreak
Zalando expects full-year gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent, with adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 in an attempt to estimate the ...
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News briefs
Birkenstock to sell footwear designed by Central Saint Martins’ students
From February, Birkenstock will sell in selected stores worldwide and on the site 1774.com footwear designed by four students of Central Saint Martins. The German company started working with the London-based college in 2018 when it commissioned the BA Fashion History & Theory course to work on its archive. In ...
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ArticleFootwear fails to keep pace with upswing in online sales in Germany
Despite enjoying a recovery, online sales of footwear lagged other product categories in Germany during the second quarter. As the country eased lockdowns imposed in a bid to counter the coronavirus pandemic, online sales reported a higher-than-average increase in the second quarter, swinging back to growth after a slump ...
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ArticleWortmann to hold another home-made digital event for its brands
The Wortmann Group is embracing the opportunities offered by internet to hold its own digital trade shows. But, it has also decided to increase its digital presence by taking part for the first time in an online trade show for the textile industry.
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ArticleMicam Americas September edition cancelled
The British trade fair organizer Informa Markets has cancelled the fashion trade show Magic, which includes the footwear show Micam Americas, scheduled to run from Sept. 30 to Oct. 2 at the Las Vegas Convention Center due to health, safety and travel concerns related to the Covid-19 pandemic. Along with ...
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News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo, the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon, Next and Asos stopped stocking its clothes. The review comes as Boohoo deals with allegations of using suppliers ...
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ArticleCCC online sales nearly match physical store sales in Q2
In the second quarter, CCC, the international Polish-based shoe manufacturer and retailer, saw its online sales nearly match those posted by its physical stores due to the impact of the Covid-19 pandemic and the subsequent lockdowns. Nevertheless, the surge of the e-commerce business did not fully offset the slump in ...
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ArticleHow 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.
