All Retail articles – Page 14
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News briefs
JD Sports leaves South Korea but plans major expansion in U.S. and Europe
JD Sports Fashion is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened ...
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ArticleGo Sport France and Kookaï go into receivership
Go Sport France and Kookaï have been placed into receivership as some French retailers continue to suffer from the impact of the Covid-19 pandemic and competition from online businesses. Meanwhile, Pimkie is expected to be sold soon with the loss of about 500 jobs. On Feb. 2, 2022, a Grenoble-based ...
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ArticleBoot Barn continues with openings as new stores drive 6% Q3 sales growth
Boot Barn expects to open 10 more stores in the fourth quarter ended April 1, 2023, bringing new openings in the full financial year to 43, as it sets its sights on expanding its future store count to about 900, nearly triple its current level. New stores were responsible for ...
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News briefs
JD Sports is the target of a cyber attack
JD Sports Fashion said that it has been the target of a cyber incident which resulted in the unauthorized access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020. The affected JD Sports group brands are JD, Size?, Millets, Blacks, ...
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Foot Locker to wind down Sidestep
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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ArticleZenden plans to expand its Russian retail network in 2023
Russia’s main shoe retailer Zenden announced plans to add 50 doors to its store network in 2023, taking advantage of the gaps in the market left by the withdrawal of Western brands. Currently, Zenden runs 250 brick-and-mortar stores in Russia, located primarily in the largest cities of the European part ...
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News briefs
Russian cut spending in footwear
A vast majority of Russians cut spending on clothes and shoes in the second half of 2022, according to a survey conducted by the local analytical agency A2: Research. The bulk of those surveyed, about 44 percent, reduced their spending by 20 to 30 percent compared to the previous year. ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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ArticleSosandar enters a distribution deal with Sainsbury’s
The British fashion brand Sosandar has entered into an agreement to sell a selected collection of its products through the British retailer Sainsbury’s, providing it with an omnichannel presence. Thanks to the wholesale agreement, a range of women’s items will start being sold through Sainsbury’s during 2023, initially online only ...
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News briefs
Kazakhstan could face a sharp increase in footwear prices
New labelling rules are expected to lift the retail prices of shoes on the Kazakh market by 30 percent in 2023, a group of importers told the local publication Caravan. Kazakhstan introduced mandatory digital labelling of footwear on Nov. 1, 2021, but let retailers sell unlabeled shoes during a transition ...
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News briefs
French footwear sales up 7.3% in December
In December, French footwear retail sales increased by a seasonally and working day adjusted 7.3 percent month on month, according to the Bank of France. In November, sales of footwear grew by 3.3 percent. Overall, retail sale volumes in France inched up a seasonally and working day adjusted 0.5 percent ...
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News briefs
U.K. retail sales unexpectedly fell in December
In December, retail sales in the U.K. fell by 1.0 percent month-on-month in volume after dropping by 0.5 percent in November, revised from an earlier reading of a 0.4 percent decline, according to data released by the Office for National Statistics that noted that sales volumes were 1.7 percent lower ...
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ArticleShoe retailer Schuh-Oase files for bankruptcy
The German footwear retailer Schuh-Oase has filed for bankruptcy, the latest of many shoe companies caught in a wave of insolvencies that has been gathering pace in Europe’s biggest economy. The coronavirus pandemic led to a significant drop in sales over the past two years and took its toll ...
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ArticleC-Suite interview: NeroGiardini aims to double in three years its sales from the Covid-19 trough
After three difficult years, that led to a significant reduction in sales, NeroGiardini is focusing on new markets to sell its wholly Italian made footwear. This year the Italian company will be entering the South Korean market.
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ArticleHotter Shoes’ parent issues profits warning after ‘disappointing’ H2
Unbound Group, the British company that owns Hotter Shoes, has issued a profits warning and said it would review operations after a weaker second half. The company, which focuses on the over 55-year-old customer demographic, expects to report an adjusted pre-tax loss for the year to Feb. 5 of £4.25-4.75 ...
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ArticleC-Suite interview: Producers and retailers have to work together to prosper
In a wide-ranging interview, Bart van Helvoirt, the co-founder and CEO of Unlimited Footwear Group (UFG), outlines his views on the overall economic situation, the evolution of the supply chain and the shifting relationship between shoe makers, resellers and end users. Before discussing about your company and ...
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ArticleDune London is enjoying strong international growth
Dune London claims that it is enjoying “significant growth” in its international sales which now represent 26 percent of the total top line thanks to a network of 131 franchise stores as well as 48 European stores and concessions. Dune London said that its recent online collaboration with Nordstrom and ...
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ArticleChinese brands eye the Russian market
Numerous Chinese brands plan to enter the Russian market, eyeing the empty space left by Western companies, the Russian newspaper Izvestia reported, citing sources in the Russian Union of Shopping Centers. At the end of 2022, Chinese companies already accounted for 15 to 20 percent of the shopping floor in ...
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News briefs
Cotélac obtains a safeguard procedure
Cotélac, a French ready-to-wear retailer, obtained a safeguard procedure on Jan. 4 from a Bourg-en-Bresse-based commercial court. The troubled company said that the procedure will provide it with protection from creditors in order to restructure its business after suffering a significant decline in trade due to various factors including ...
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News briefs
Turkish inflation slows down
Turkish consumer prices rose by 64.27 percent year-on-year in December, slowing down from an 84.39 percent increase in November, according to the statistics office Tuik. Prices for clothing and footwear were up by 25.87 percent. It was the category that registered the lowest annual increase in December. Month-on-month, overall inflation ...
