All Retail articles – Page 31
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ArticleLGBTQ collections become mainstream for the fashion, sportswear industry
The LGBTQ (lesbian, gay, bisexual, transexual and queer) fashion market has been growing over the last decade. In recent years, an unprecedented number of mainstream brands have begun to release LGBTQ collections.
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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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ArticleDesigner Brands sees challenging H2 as Q2 sales fall by 42.8%
The American shoe retailer Designer Brands, formerly known as DSW, expects the Covid-19 pandemic will continue to have a significant impact on its business in the second half of 2020, with a double-digit decline in sales likely and a return to profitability seen as “challenging.” As consumer preference shifts from ...
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ArticleOffice obtains rescue package ahead of store closures
The South African retailer Truworths will provide a £6.5 million (€7.3m-$8.6m) secured revolving credit facility to its British footwear unit Office as part of a rescue package. It noted that the funds will come from existing group cash reserves and will be distributed in a phased manner over the next ...
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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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ArticlePayPal to launch buy now, pay later solution in Q4
PayPal, the American online payment provider, announced that it will launch early in the fourth quarter “Pay in 4”, a short-term installment payment scheme for customers in the U.S. The service will permit merchants to be paid upfront while customers can pay for purchases between $30 and $600 over a ...
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ArticleMK Gruppe and Merkur Shoe Group join forces
The German purchasing groups MK Gruppe and Merkur Shoe Group have struck a deal to work together in a bid to tackle and respond to the changes in the footwear market through a shared strategy. The collaboration is set to start with the orders for the autumn/winter 2021 season ...
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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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ArticleObuv Rossii parent launches capital hike to finance its development
OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...
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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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Article
German shoe industry joins forces to launch data sharing platform
Germany’s shoe industry has joined a wide-ranging alliance to set up a data exchange and clearing platform for the sector. The footwear buying groups ANWR and Sabu, the shoe and leather goods industry association HDS/L and the merchandise management providers ETOS and Brandt Retail groups have agreed on a joint ...
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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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ArticleFashion retail in Russia fails to return to pre-crisis sales levels
In Moscow, turnover of the fashion retail market has stabilized at 72 to 75 percent of pre-coronavirus crisis levels, research conducted by the Moscow-based IT company Evotor showed. Fashion retail is recovering slower than other retail segments, and as of the end of July the growth in turnover on this ...
