All Retail articles – Page 32
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ArticleAktiv Schuh files for bankruptcy as pandemic ravages sales
Aktiv Schuh filed for bankruptcy at the district court of Berlin-Charlottenburg on July 23, applying for self-administration due to an impending insolvency as a result a sharp decline in sales stemming from the restrictions caused by the coronavirus pandemic. After a promising start to 2020, sales dipped from March to ...
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Tamaris introduces single-pair delivery from spring/summer 2021
Tamaris, the shoe brand owned by the Wortmann Group, will allow dealers within the European Union the possibility of reordering individual pairs, beginning with the spring/summer 2021 season. The service called “Endless Aisle” already underwent a pilot phase with Tamaris system partners. It is available only for the reorder business, ...
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ANWR Group invests in online seminars to help retailers
The German ANWR Group estimates that orders for the next spring/summer season will be around 30 percent below the average volume of the past years. For this reason, the shoe retailing cooperative recommends its members to be even better prepared than usual and organized an online seminar, “Limit Planning.” A ...
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ArticleHotter Shoes to close 46 stores as CVA approved by creditors
UK footwear chain Hotter Shoes will press ahead with plans to close 46 stores after creditors approved a Company Voluntary Arrangement (CVA) to restructure the firm during the coronavirus pandemic. The CVA was approved by 99.5 percent of voting creditors, including an “overwhelming majority of landlords”, passing the legal 75 ...
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Santoni to open a store in Milan
Santoni will open a store in Galleria Vittorio Emanuele, Milan’s iconic shopping arcade, which faces the city’s cathedal. In a public tender, the Italian manufacturer of luxury shoes offered to pay an annual rent of €589,000 for the 60-square meter store, which was previously occupied by the Italian fashion brand ...
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ArticleFootwear production is on the rise, while retailers review their strategy
Footwear manufacturers have returned to production levels ranging from an estimated 50-80 percent in India, China and Portugal after the havoc caused by the Covid-19 pandemic. But the outlook remains uncertain and the crisis has led some players to rethink distribution and retailing.
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Rumbo has gone into administration
Rumbo has entered into a voluntary arrangement with creditors in an effort to reorganize its business. According to La Verdad, which first reported the news, the case is being processed by the Commercial Court 1 of Murcia, in southeastern Spain, where the multi-brand shoe retail group is headquartered. The legal ...
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ArticleVögele Shoes goes multichannel, focuses on digitalization
Swiss footwear retailer Vögele Shoes is revising its strategy and organization in a bid to reposition itself as an omnichannel retailer and cater to its customers’ needs through a data-driven approach and a wide range of digital touchpoints. During the Covid-19 related lockdown, Karl Vögele AG, which owns the banners ...
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Article
Chaussea obtains 128 La Halle stores
The French footwear retailer Chaussea is taking over 128 stores and 700 employees of the apparel and footwear retailer La Halle, which is being sold piecemeal after filing for insolvency. Founded in 1984 in Valleroy, near Metz, by Gaëtan and Michel Grieco, the sons of Italian immigrants from Basilicata, the ...
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VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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EU sees trade deal with U.K. as unlikely
Michel Barnier, the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had been little ...
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Yoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont, is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the new agreement, which will ...
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Article
Obuv Rossii enter logistics partnership with the Russian state mail operator
Obuv Rossii, a leading Russian footwear retailer, has appointed the country’s state-owned mail operator Russian Post its main logistics partner. The postal operator will be handling the delivery of orders from Obuv Rossii’s central warehouse to customers in Siberia. Russian Post has the largest network in Russia, with more than ...
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Dr. Martens opens a store In Nuremberg
Dr. Martens has opened a store in Nuremberg, with a sales area of 72 square meters. It is the brand’s first store in Bavaria and the seventh in Germany. The store is located in the historical center of the town, between the White Tower and Pfannenschmiedgasse.
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Italian footwear, clothing consumption decline eases
Italian footwear and clothing continued to suffer from falling consumption in June although the rate of decline eased compared to the previous two months, according to the monthly consumption indicator from Confcommercio, the Italian retail trade association. The indicator for footwear and clothing fell by 14.4 percent in June compared ...
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UK e-tailer Shoeaholics opens six stores
Shoeaholics, the discount footwear and accessories e-commerce site owned by the British upmarket footwear retailer Kurt Geiger, is opening its first six pop-up stores in the U.K, including one on London’s Oxford Street. The site enjoyed a surge in revenues during the coronavirus-related lockdown and wants to build on the ...
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Oliver Sweeney closes its stores
The British footwear company Oliver Sweeney has permanently closed its five stores as its retail business, Oliver Sweeney Trading, went into administration, a local procedure for creditor protection. Three stores were located in London, one in Leeds and one in Manchester. The company’s online and wholesale businesses are not involed ...
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Daniel Footwear buys Johnsons Shoe Company
Newjohn Limited, a unit of the retailer Daniel Footwear, has bought Johnsons Shoe Company, a British family-run retailer, which fell victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors, on April 23. Johnsons Shoe Company has been trading since 1952. Johnsons ...
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Article
Marc Fisher takes over Calvin Klein footwear license in North America
Marc Fisher Footwear has entered a multi-year license agreement with Calvin Klein for the design, production and distribution of both Calvin Klein and Calvin Klein Jeans women’s and men’s footwear collections in the U.S. and Canada. The move comes as the footwear license held by Jimlar, a unit of Global ...
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Article
Hotter Shoes submits debt restructuring plan to creditors
UK footwear chain Hotter Shoes has reportedly gone ahead with plans to file a company voluntary arrangement (CVA) proposal to creditors and shareholders seeking approval to close 46 stores as it deals with the impact of the coronavirus pandemic. The plan would leave the company, owned by Electra Private Equity, ...
