All Retail articles – Page 13
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ArticleHow Spanish espadrille makers expect to bank on their holy city’s jubilee
In 2024, Caravaca de la Cruz, the fifth holy city of Catholic Christianity with Rome, Jerusalem, Santiago de Compostela and Camaleño, will be celebrating a jubilee year that is expected to attract more than a million pilgrims and tourists. As part of the event, local shoe makers have launched a ...
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Kaporal files for receivership
Kaporal, a French ready-to-wear retailer specialized in denim, said that it has asked to be placed into receivership by a Marseille-based court due to “unprecedent economic difficulties.” Kaporal noted that over the past years it was affected by the yellow vest protest movement, the Covid-19 pandemic, various national strikes and ...
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Neiman Marcus in exclusive partnership with Christian Louboutin
In partnership with the French footwear designer Christian Louboutin, Neiman Marcus unveiled an exclusive collection called “A La Piscine” (At The Swimming Pool in French). The collection features a full range of footwear and handbags in neon colors and splash print. It also includes newly added lifestyle product categories such ...
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ArticleShoepassion files for bankruptcy after pandemic hit
Berlin-based footwear company Shoepassion filed for bankruptcy as sales lagged and liabilities arising from the pandemic took their toll. On March 6, the omnichannel company filed an application for the opening of insolvency proceedings under self-administration with the district court of Berlin-Charlottenburg, becoming the latest footwear company to be ...
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ArticleShoe Carnival sees sales steadying after 7% decline in Q4
Shoe Carnival anticipates sales will be flat to up by 4.5 percent in its 2023 financial year after declining in the fourth quarter of fiscal 2022 and getting off to a “slow start” in the first quarter set to end in April amid economic uncertainty and cooler weather. In the ...
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French footwear sales continue to be weak in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 0.2 percent month-on-month, according to the Bank of France. In January, sales of footwear dropped by 4.3 percent. Overall, retail sales in France fell by a seasonally and working-day adjusted 0.4 percent compared with January when they ...
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ANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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ArticleShopfitting costs in German fashion retail increase sharply
The cost of shopfitting in fashion retail in Germany further shot up to €653 per square meter of retail space in 2022, a survey showed, up from €537 in 2019 and €444 in 2017. According to the study Shop Monitor 2023 carried out by the EHI research institute, material ...
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Galeria Karstadt Kaufhof to close 52 stores
Galeria Karstadt Kaufhof, the troubled chain of German department stores, will close 52 of its 129 stores, putting at risk about 4,000 jobs at the points of sales and some 300 at its headquarters in Essen. A first batch of closures is scheduled on June 30, 2023, and another on ...
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ArticleTamaris launches a new concept store
Tamaris has launched a new store concept that features apparel for the first time. The new ”lifestyle” store opened as a pilot in central Dortmund, Germany. Tamaris is a brand of the German footwear manufacturer and distributor Wortmann Group, which also has the Tozzi, Caprice, Jana and s.Oliver brands. Wortmann ...
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Consumer demand for footwear bounces back in Russia
In January 2023, Russian fashion retailers enjoyed an 11 percent year-over-year rise in revenues thanks to a 6 percent increase in customer traffic, Russian consulting firm Focus Technologies estimated, attributing the trend primarily to weaker competition due to the departure of numerous Western brands from the country following Russia’s invasion ...
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ArticleRussia’s retailer Paolo Conte goes bankrupt
A Russian court has declared St. Petersburg-based footwear retailer Paolo Conte bankrupt, sparking concern over the future of small-scale players in the country. Paolo Conte operated 81 stores and was ranked sixth in the list of the largest mid-priced footwear retailers in Russia. The company started facing financial difficulties in ...
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Primadonna Collection aims for revenues of €120m in 2023
The Italian footwear and apparel retailer Primadonna Collection aims to post annual sales of €120 million this year after ending 2022 with a top line of about €110 million, the founder and manager Valerio Tatarella told the website Fashionmagazine.it. Tatarella also said that the brand plans to enter the Vietnamese ...
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ArticleSan Marina goes into liquidation
The French footwear retailer San Marina has been put into compulsory liquidation by a Marseille-based commercial court, leading to some 650 job losses in 163 stores. On Feb. 20, the court stated that no serious relaunch project had been put forward and that it had ordered the company to immediately ...
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ArticleGörtz closes more stores amid heightened uncertainty
Görtz is closing more stores across Germany in a sweeping reorganization effort, after suffering a hefty sales drop during the Covid-19 pandemic. The ailing Hamburg-based footwear retailer declined to comment on the total number of stores to be closed or the number of employees affected, but according to the ...
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Snipes invests in a new logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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Skechers opens 2 more stores in Spain
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
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ArticleDesigner Brands buys Keds from Wolverine Worldwide
Wolverine Worldwide has sold Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million to the North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce business. ...
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JD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits over the next five years alongside a rapid store expansion, The plan also includes capital expenditure of £500-600 million (€560-673m) a year, with 50-60 percent of the spend focused on store expansion in underpenetrated markets. This ...
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ArticleLloyd reports strong sales increase, expects to return to pre-Covid sales in 2023
Lloyd Shoes posted a strong sales growth in 2022 and anticipates a bright year ahead. The German shoe maker recorded a 47 percent increase in sales in 2022 to €114.95 million, driven by improvements across all business areas, and expects to return to pre-pandemic sales levels in the current ...
