All Retail articles – Page 4
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ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
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ArticleLeder & Schuh’s sales continued to grow in 2023
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a further increase in sales last year, confirming a positive trend in 2022 and 2021 after the pandemic slump of 2020. Through its Humanic and Shoe4You brands, the company increased its sales by 4.5 percent to €367 million in ...
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ArticleHenkelman Footwear details its plans for Bullboxer
The Dutch footwear group Theo Henkelman Footwear has unveiled more details about its plans for Bullboxer’s future, with a revamped design team focusing on a ‘new comfort concept,’ new retail partnerships and an adjusted pricing. Henkelman said that the brand’s design team has been expanded to include former Bullboxer ...
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Broker sees ‘green shots’ for H&M’s sales growth
H&M Hennes & Mauritz’s sales are showing signs of a recovery which could lead to higher profit margins this year and next, according to the broker UBS. “We share investor concern on lack of a clear top line recovery but gain confidence from a raft of measures leading to green ...
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ArticlePittarosso’s debt restructuring plan cleared by Italian court
A Padua-based court has approved a composition with creditors presented by Pittarosso. At the end of last year, 93 percent of creditors had approved the plan presented by the Italian footwear retailer with the support of Responsible & Sustainable Corporate Turnaround Fund (RSCT). Established in 2020, RSCT is an Italian ...
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IKKS obtains capital injection, debt write-off
IKKS has convinced its creditors to waive their claims and investors to inject funds, the chairman of the French fashion retailer, Ludovic Manzon, told the news agency AFP. “Following a cash injection into the capital and the waiver of debts, we will be able to focus on the essentials, namely ...
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Wojas to exit Belarus
The Polish footwear retailer Wojas has notified its customers in Belarus about the imminent closure of all its stores in the country. Local press reported that the decision had been taken in the wake of Belarusian sanctions, which barred footwear imports from five European countries. Wojas runs three stores in ...
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Don’t Call Me Jennyfer exits receivership
The French fashion retailer Don’t Call Me Jennyfer said that it is exiting receivership after its relaunch plan was approved by a commercial court in Bobigny, in the outskirts of Paris. The plan, which was presented to the court in May, involves an initial investment of €15 million that will ...
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Foot Locker to spend as much as $1bn on stores
In line with the strategy laid out in March of last year, the “Lace Up Plan,” Foot Locker is looking to invest up to $1 billion in opening and renovating stores in a new format all over the world, according to Modaes and other sources. More in our sister publication ...
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Görtz launches the GLDN fashion line
Görtz is venturing into fashion with the launch of its first-ever clothing line, GLDN, as it expands its ‘lifestyle’ concept. The new product line made its debut with an event at Görtz’s Hamburg flagship store on the Spitalerstrasse 11. The GLDN spring/summer 2024 collection includes boxy T-shirts and black ...
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White Mountain expands into men’s, boys’ footwear
White Mountain is expanding into men’s and boys’ footwear as it continues to diversify its product range since its acquisition by American Exchange Group in January 2023. In June 2023, the brand introduced its girls’ footwear line, departing from its emphasis on women’s footwear. The men’s collection ranges from dress ...
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ArticleCreditors approve Galeria’s restructuring plan
Another hurdle has been cleared on Galeria Karstadt Kaufhof’s path to recovery. The creditors of the troubled German department store chain approved its pending reorganization plan, insolvency administrator Stefan Denkhaus said on following a creditors’ meeting. The clearance is a significant step towards the completion of Galeria’s insolvency proceedings, ...
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ArticleThe Russian footwear industry calls for trade protectionism
Foreign companies that had declared plans to sever ties with Russia, still control nearly 80 percent of the local footwear market, Andrey Pavlov, president of Zenden, a prominent Russian footwear manufacturer and retailer, outlined during the Moscow Economic Forum. Leading brands, including Nike, Adidas, Reebok and Ecco, are still widely ...
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ArticleGerman brick-and-mortar shoe retail grows, online sales drop slightly
Brick-and-mortar footwear sales grew in 2023 in Germany, as online retail slowed down after the Covid lockdowns ended and consumers returned to physical stores, a survey showed. While the footwear market has steadily grown since 2021, brick-and-mortar retail still remained below the pre-pandemic levels of 2019, according to the ...
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ArticleGaleria Karstadt Kaufhof investors to pledge up to €100m, plan overhaul with store closures, name change
Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million in the company to revamp its remaining department stores over the next two to three years, according to media reports. The insolvent retailer sees Sunday shopping as a cornerstone of its restructuring efforts, according to the ...
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ArticleKizik expands in the US and abroad
Kizik, a US brand specializing in slip-on shoes, is opening two more stores in the US as part of its aggressive expansion strategy at home and abroad. The Lindon, Utah, based company aims to become “the next billion dollar shoe brand.” On May 17, the brand opened its second US ...
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ArticleCentral Asia and Caucasus expand footwear exports to Russia
In 2023, Russia saw a hike in footwear imports from Armenia, Kazakhstan and Kirgizstan, all members of the Russian-led Eurasia Economic Union trade block. But, the increase is primarily attributed to re-exports of footwear from Europe. Armenia exported shoes worth $33 million in 2023, which was 11 times higher than ...
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JD Sports opens a store in Bahrain in partnership with GMG
JD Sports Fashion has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504-square meter store will offer customers access to the latest releases from a diverse ...
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ArticleFitFlop picks Ryder as its logistics provider in North America
FitFlop has picked Ryder as its supply chain and logistics provider to support its grow in the US and Canada. The British brand’s American logistics operations are located within Ryder’s newly built 700,000-square-foot multiclient warehouse facility in Columbus, Ohio. The company also provides FitFlop with e-commerce and omnichannel fulfillment services ...
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ArticleRussia’s Ekonika enjoys a strong start to 2024 as it doubles the size of its stores
Ekonika, a major Russian footwear retailer, enjoyed a 51 percent rise in revenues during the first two months of 2024, on higher sales volumes following the launch of a new store format. Sergey Sakrisov, the Vice President of Novard, the parent company for Ekonika, noted that contrary to the past ...
