All Retail articles – Page 2
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Schuhquadrat files for bankruptcy in Austria
Schuhquadrat GmbH, the successor of the Salamander and Delka footwear chains in Austria, has filed for bankruptcy, the creditor protection association KSV1870 announced. The insolvency proceedings were initiated following a creditor’s application, although no specific details about the company’s debt or the number of affected employees have been disclosed. ...
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ArticleGerman fashion sales seen subdued over the next four years
The German fashion market has been on a path to recovery since 2022, but growth remains hampered by inflation, changing consumer behaviors and the rise of ultra-fast fashion. Annual growth is set to remain below 2 percent over the next four years, according to a report by IFH KÖLN in ...
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Leguano opens new store in Germany
The German barefoot footwear specialist Leguano continues to expand its retail network with the opening of a new store in Speyer, in the Rhineland-Palatinate region of Germany. Located at Maximilianstraße 72, the store opened on Sept. 14. The company also announced that a new outlet will replace the previous barefoot ...
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Geox reviews US operations, to close New York office
Geox is winding down its US operation, according to Footwear News. Enrico Mistron, Geox’s CEO since March 2024, told the publication that the office in New York City will be closed and that the group is reviewing its business model in the US and will provide “visibility in a few ...
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ArticleSteve’s seeks to raise up to €300,000 in crowd funding
Steve’s, an Italian producer of sustainable premium sneakers, is seeking to raise between €100,000 and €300,000 in a crowdfunding campaign through the Mamacrowd platform. Founded in 2022 in Turin by Giulia Gandini and Filippo Gandini, Steve’s produces sneakers made from Appleskin, a material produced from the skins and cores of ...
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ArticleFrench clothing and footwear retailers have underperformed since 2019
Between 2019 and 2023, turnover in volume terms in the French clothing and footwear retail sector increased by 0.7 percent, significantly lagging the retail sector as a whole, which rose by 7.8 percent over the period, according to France’s national statistics office, Insee. Sales volumes were flat for apparel between ...
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ArticleSkechers faces challenging conditions in China
Skechers is facing “challenging” conditions in China and that could result in a “disappointing” performance in the country in the second half of the year. The US footwear company however declined to provide a forecast regarding its performance in China. In the first half of 2024, Skechers’ sales in China ...
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UK clothing and footwear sales surge in August
In August, retail sales volumes for clothing and footwear rose by 2.9 percent month-on-month for clothing and footwear stores in the UK thanks to warmer weather and end-of-season sales, according to an initial estimate by the Office for National Statistics (ONS). Overall, British retail sales volumes are estimated to have ...
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Austrian shoe retailer Shoe4You opens four stores in Upper Austria
The Austrian shoe retailer Shoe4You is expanding its footprint in Upper Austria with the opening of four new stores in Wels, Schlüßlberg, Rohrbach and Bad Ischl. “With these new openings, we are expanding our accessibility and getting closer to our customers in Upper Austria, strengthening our market presence in ...
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ArticleRendez-Vous adds fruit and vegetables to its product range
Rendez-Vous, a leading Russian footwear retailer, is offering customers the opportunity to complement their online orders with fruit and vegetables produced at the company’s organic farm in Krasnodar Krai. Launched in February 2024, the project seems to be gradually paying off. Rendez-Vous set up the farm in 2020 as part ...
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ArticleMoscow continues to drive the Russian fashion market
Moscow and St. Peterburg remain the key drivers of the Russian fashion market, local officials indicated. Over the past three years, Moscow saw a 46 percent surge in the turnover of stores selling clothes and shoes, Natalia Sergunina, Moscow’s Deputy Mayor, recently revealed. Moscow’s fashion industry currently comprises 12,800 firms, ...
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Tecovas expands into wholesale
Tecovas is partnering with nine retailers to expand for the first time into wholesale. Thanks to the partnerships, the Texas-based boot brand will reach 36 stores in 10 US states. The brand expects that wholesale could represent about a quarter of its sales in the coming years. Until now, the ...
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ANWR and Sabu present an education platform for the shoe industry
The German footwear buying group ANWR and the German shoe retail cooperative Sabu have launched their first joint project, the “Wissenswelt” (Knowledge World) platform. The online platform offers training resources for staff across more than 4,500 points of sale in the shoe industry, with a strong emphasis on video-based ...
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ArticleCanadian rail freight resumes after government intervention
Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) resumed railway services on Aug.26 after a shutdown started on Aug. 22 due to the lockout their Canadian workers in the wake of failed labor talks. Nevertheless, it could take several weeks for Canada’s railway network to fully recover from ...
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ArticleEmerging designer: Socque rocks the classics
The Covid-19 pandemic that broke out towards the end of the first quarter of 2020 in Europe, and the subsequent related lockdowns, prompted many to make major life changes. Laure Chareton’s and Camille Cour’s response consisted of launching a high-end women’s footwear brand. After a decade of helping others run ...
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French footwear sales dip in July
In July, French footwear retail sales fell by a seasonally and working-day adjusted 2.7 percent month-on-month, after growing by 4.6 percent in June, according to the Bank of France. The June figure was revised up from a preliminary growth estimate of 4.5 percent. Overall French retail sales rose by 0.4 ...
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ArticleRail freight halted in Canada due to labor dispute
The Canadian railway companies Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) announced the lockout of their Canadian workers after failed labor talks, resulting in a shutdown of their networks in the country. The companies locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) ...
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ArticleTJX buys a 35% stake in Dubai-based Brands for Less
TJX, a US off-price apparel and home fashions retailer, has signed a definitive agreement to buy a 35 percent stake in Brands for Less (BFL) for $360 million dollars. BFL is a privately-held company based in Dubai and is the region’s only major off-price branded apparel, toys and home fashions ...
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Ted Baker closes all its stores in the UK, Ireland
Ted Baker, the troubled British fashion retailer owned by the US group Authentic Brands Group (ABG), will close on Aug. 20 the 31 stores it still operates in the UK and Ireland, which could result in more than 500 layoffs, according the consulting and advisory firm Teneo, which is Ted ...
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Asian brands increase their presence in the Russian market
In the first half of 2024, several new foreign footwear brands emerged in the Russian market, according to CORE.XP, a local consultancy. For example, the Chinese footwear brand Josiny and the Chinese children’s clothing and footwear brand Balaba officially launched operations in the country. In total, 15 new brands started ...
