All Retail articles – Page 11
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ArticleHotter Shoes’ parent considers bankruptcy as funding crisis deepens
Unbound Group, the owner of British footwear retailer Hotter Shoes, has admitted it is considering going into administration, the U.K.’s form of bankruptcy, unless it can resolve its funding crisis. The company was forced to issue a statement to the London Stock Exchange after media reports suggested it was scrambling ...
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Vince Camuto launches Fly365
Vince Camuto, a division of Camuto Group which is part of Designer Brands, launched the men’s franchise Fly365. The collection currently has two models, the sneakers Talmai and Tayden, but is expected to extend its offering in the autumn and next spring. The shoes retail at $169 a pair. Fly365 ...
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Deerberg files for bankruptcy
The women’s fashion company Deerberg, which operates in Germany, Austria and Switzerland, has filed for bankruptcy. The clothing, footwear and textiles direct-to-consumer brand applied for the opening of insolvency proceedings at the district court of Uelzen, in the northeastern Lower Saxony region of Germany as soaring inflation and the ...
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France extends clearance period to Aug. 1
The end-of-season clearance period for French retailers will be extended by a week to Aug. 1 from July 25 to help the sector that has been affected by recent violent unrest, the government announced. The clearance period started on June 28. “We will extend the clearance period to August 1,” ...
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ArticleJD Sports expands into Middle East through a franchise deal
JD Sports Fashion signed the first franchise agreement for the JD banner with GMG, a Dubai-headquartered company. The partnership will enable the group ”to deliver on the roll out of its ‘JD Brand First’ strategy and is a pivotal move in the continued expansion into underpenetrated markets,” the British ...
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Aquazzura opens a flagship in London
Aquazzura, a luxury brand based in Florence, opened a store at 26 New Bond Street, London. The store offers all the brand’s collections, including footwear and bags. The shop was designed by Marie-Anne Oudejans, a Dutch artist and interior designer, in collaboration with the brand’s founder and creative director, Edgardo ...
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ArticleC-Suite interview: Autry’s owner looks to cash in on success as it puts the brand up for sale
The owner of the fast-growing sneakers brand Autry is looking to cash in on its success with a sale to a new investor. The private equity Made in Italy Fund, managed by the Italian asset management company Quadrivio and the fashion consultancy Pambianco, acquired a controlling stake in Autry along ...
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ArticlePrimark’s Q3 sales up 13%
In the 12 weeks to May 27, corresponding to its third fiscal quarter, Primark’s sales rose by 13 percent at constant currency rates to £1,998 million (€2,327m), with like-for-like sales up by 7 percent, thanks to higher average selling prices. In the first nine months of the fiscal year, revenues ...
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Primark has room to expand its store network - financial analyst
Primark, the fast fashion retailer owned by Associated British Foods, has room to expand its store network given the low-single-digit market share in European markets and the opening of a second warehouse in the U.S., according to Richard Chamberlain, a financial analyst at RBC Capital Markets. “Our store potential ...
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Frasers buys a stake in Boohoo
Regulatory filings showed that Frasers Group bought 63.5 million Boohoo shares, or 5 percent of the capital of the U.K. online fashion retailer. It also bought an 8.9 percent stake in Currys, a British retailer of domestic appliances and electronics. “We see potential synergies and an opportunity to strengthen ...
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Kurt Geiger obtains new funding for international expansion
Kurt Geiger has secured a new financial facility to refinance its debt and accelerate its international expansion. The package was provided by Wells Fargo Capital Finance UK and Blazehill Capital. Media reports indicate that the deal could be worth about £150 million (€170m). “The combined facilities will provide significant flexibility ...
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Next increases full-year guidance after strong start to Q2
Next increased its full-year guidance after a strong start to its fiscal second quarter thanks to warmer weather and higher household incomes in the wake of annual salary increases. In the first seven weeks of the second quarter, full price sales were up by 9.3 percent year-over-year. Over the ...
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Metro Brands opens a store in Connaught Place, New Delhi
The Indian footwear retailer, Metro Brands, opened its 756th store in Connaught Place – one of the main financial, commercial and business centers in New Delhi. The 2,200 square-feet store will hold a wide range of footwear and accessories of the house brands Metro Shoes and DaVinchi as well ...
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ArticleApparel Group to open more than 20 Clarks stores in Saudi Arabia in 5 yrs
Apparel Group, a global fashion and lifestyle conglomerate based in Dubai, has entered a strategic partnership with Clarks. The alliance aims to expand the retail footprint of the British footwear brand across Saudi Arabia, with plans to open more than 20 stores over the next five years. “The expansion plan ...
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ArticleIndia to introduce new quality standards for footwear from July 1
The Indian government has decided to go ahead with plans to introduce from July 1 new mandatory quality standards for footwear. However, companies with annual revenues of less than 500 million rupee will only have to adapt from Jan. 1, 2024, while shoemakers with annual sales of less than INR ...
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News briefsAldo in partnership with Brooks Brothers
Authentic Brands Group (ABG) and the Aldo Group entered into a partnership to launch an expanded assortment of men’s footwear and small leather goods for Brooks Brothers, which is part of ABG’s portfolio. Brooks Brothers’ new men’s collections will launch in stores in February 2024 and will be distributed ...
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European luxury retailers likely to suffer from lack of Chinese tourists
European retailers of luxury goods are likely to suffer from a lack of Chinese tourists this summer, according to Baader Bank. According to the analysts of the German bank, Chinese travel demand is surging domestically but the recovery in international travel is lagging, due to slow visa processing and the ...
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Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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ArticleThe U.S. wholesale channel is Skechers’ most challenged marketplace
Currently, the U.S. wholesale market is probably the “single most challenged marketplace” for Skechers, while India is one of its most “exciting” markets. The company continues to see “robust” consumer demand in Europe, while China continues to offer “ample opportunity” to grow, explained John Vandemore, Skechers’ chief financial officer, during ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
