News Briefs Retail – Page 17
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News briefsClarks reportedly plans to close 50 stores
The Hong Kong-based private equity firm LionRock Capital wants Clarks to reach a Company Voluntary Arrangement (CVA) with its creditors before investing into the British footwear group, according to Sky News. A CVA would enable Clarks to close up to 50 stores and renegotiate rents for the rest of the ...
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News briefsRussia reportedly planning to limit shoe imports
The Russian government is mulling over measures aimed at limiting footwear imports, according to the Russian press. The local authorities plan to take advantage of the situation created by the Covid-19 pandemic, including a slump in the import of fashion goods and restrictions on international travel, to expand the domestic ...
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News briefs
Dielmann to close 13 stores
Schuhhaus Dielmann, the German footwear chain currently placed into administration after the launch of creditor protection proceedings, will close 13 stores by the end of the year. The shops operate under the names Dielmann, Dstep and Sommerkind. In a statement, the company added that clearance sales will start in the ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional 50 roles ...
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News briefs
Russian shoe market nearly 3 times larger than previously estimated
The recent introduction of mandatory tagging of footwear in Russia has shown that up to 1.3 billion pairs of shoes are sold in the country on average per year. This is nearly three times more than previous official estimates, said Denis Manturov, the Russian industry and trade minister The tagging ...
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News briefsAllbirds enters South Korea
Allbirds, the Californian brand of sustainable footwear, has entered the South Korea market. The brand was created in 2016 by Joey Zwillinger and Tim Brown with one model, the Wool Runner, which uses superfine merino wool from New Zealand. Allbirds said that it had planned to enter the Korean market ...
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News briefs
L.K. Bennett introduces cluster managers
The British premium womenswear retailer L.K. Bennett has introduced cluster managers who will be responsible for more than one location. The move will result in 19 redundancies. The company said that the reorganization stems from a decline in trade in stores, while the retailer has seen a significant increase in ...
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News briefsWalmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+, its much anticipated response to Amazon Prime. Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited free delivery from stores, ...
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News briefs
Russian shoe market may recover from mid-2021
The most optimistic forecast envisages that the sales on the Russian fashion market will recover only around mid-2021, Anna Lebsac-Kleimans, director of the Russian analytical agency Fashion Consulting Group said. In 2020, sales are likely to contract by 25 to 40 percent compared to the previous year, she said. The ...
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News briefsFinn Comfort and Kaufregional bring businesses and customers together
Finn Comfort, the German comfort shoe manufacturer, has joined the Kaufregional e-commerce platform in a bid to boost its visibility in the local market and gain access to an additional sales channel as the coronavirus crisis drags on. Finn Comfort was established 75 years ago in the small town of ...
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News briefs
Wolverine adopts First Insight's consumer analytics
Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds. The deal follows a successful test conducted by Hush Puppies in different regions ...
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News briefsCamtrade rebranded The Enjoiya Group
The U.S. women’s wholesale footwear firm Camtrade has changed names to The Enjoiya Group. The company manufactures and distributes three shoe brands, Enjoiya, Secret Celebrity and Soft Comfort. They have an emphasis on comfort and fit, with price-value also a key component in the market positioning. Enjoiya is the company’s ...
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News briefs
Mall operator in Spain sees worrying decline in July traffic
After a significant improvement in June, the footfall in Spanish malls managed by MVGM, the Dutch property management company, dropped sharply in July, raising concern that the sector may not enjoy a rapid recovery. Data released by the company, which oversees 1.1 million square meters of shopping space in Spain, ...
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News briefs
ABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as a going ...
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News briefsKavat closing down some showrooms in digitalization move
Kavat, the Swedish family-owned company based in the shoe-making town of Kumla, is closing down its traditional showrooms in Düsseldorf, Oslo and Gothenburg as it intends to rely on a new B2B platform, scheduled to come on stream in August, and using flagship stores as showrooms and meeting places with ...
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News briefs
Louboutin moves Parisian store
The French luxury footwear brand Christian Louboutin has moved its Parisian store, previously 68 rue du Faubourg Saint-Honoré, nearer to the city center. The shop is now close to Place Vendôme, that hosts the Ritz. Situated at 400 rue Saint-Honoré, it covers 260 square meters over three levels, offering the ...
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News briefs
The shoe chains Sacha and Manfield go bankrupt in Belgium
The footwear chains Sacha and Manfield, representing a total of 17 stores and 140 employees, filed for bankruptcy in Belgium. But Termeer, the Dutch company that owns the banners, expects to restart the businesses. The chains’ stores in the Netherlands and their online activity are not affected by the filing. ...
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News briefs
Tamaris introduces single-pair delivery from spring/summer 2021
Tamaris, the shoe brand owned by the Wortmann Group, will allow dealers within the European Union the possibility of reordering individual pairs, beginning with the spring/summer 2021 season. The service called “Endless Aisle” already underwent a pilot phase with Tamaris system partners. It is available only for the reorder business, ...
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News briefs
ANWR Group invests in online seminars to help retailers
The German ANWR Group estimates that orders for the next spring/summer season will be around 30 percent below the average volume of the past years. For this reason, the shoe retailing cooperative recommends its members to be even better prepared than usual and organized an online seminar, “Limit Planning.” A ...
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News briefs
Santoni to open a store in Milan
Santoni will open a store in Galleria Vittorio Emanuele, Milan’s iconic shopping arcade, which faces the city’s cathedal. In a public tender, the Italian manufacturer of luxury shoes offered to pay an annual rent of €589,000 for the 60-square meter store, which was previously occupied by the Italian fashion brand ...
