All Retail articles – Page 6
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Humanic continues to expand its retail network
The Austrian footwear chain Humanic continues to expand its retail network with the opening of three new stores, respectively in the southwestern German city of Karlsruhe and in the Austrian cities of Baden and Bregenz. In April, the retailer will open a store in Karlsruhe in the Ettlinger Tor ...
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ArticleNext maintains its guidance despite expectations of lower full-price sales
Next maintained its guidance for the year ending in January 2025 despite warning that growth in full-price sales could slow down. The British fashion company said it is still expecting pre-tax earnings of £960 million (€1.12bn) based on a 2.5 percent increase in full-price sales, with a 5 percent rise ...
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ArticleDesigner Brands hit by a weaker footwear market
Designer Brands reported a decline in fourth-quarter sales due to a deterioration of the footwear market in North America. When announcing the results for the quarter ending on Feb. 3, the CEO, Doug Howe, said that the footwear company enjoyed a rebound in the latter part of the period but ...
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Roam opens a store in Los Angeles
The California-based footwear brand Roam has opened its first store in Los Angeles. The 1,000 square foot store is located in the Glen Centre. It offers the brand’s footwear, apparel and accessories. Launched in 2018, Roam specializes in women’s sandals comprising vegan materials, a certifiable Bio Eva outsole derived from ...
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Générale pour l’Enfant placed into receivership
Générale pour l’Enfant (GPE), the parent company of the French brands Du Pareil Au Même (DPAM), Sergent Major and Natalys, was placed into receivership on March 14, according to the news agency AFP, citing a ruling by a commercial tribunal based in Bobigny, near Paris. GPE suspended payments on March ...
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Heydude launches in the UK
Heydude, the casual footwear brand owned by Crocs, debuted in the UK on March 20. The brand was launched in 191 doors and through a country specific website.
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ArticleSpartoo posts a positive free cash flow
Spartoo booked a positive free cash flow of €0.7 million in 2023, compared with a negative €23.6 million in 2022, due to a reduction in working capital, thanks to a decrease in inventories, as well as a drop in investments to €1.3 million from €2.9 million. The group’s inventory fell ...
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The German fashion retailer Sør files for bankruptcy
Bonavest GmbH, the owner of the German multi-label retail chain Sør, has filed for bankruptcy as falling sales, high rents, as well as increasing energy, logistics and personnel costs took a heavy toll on the company. The Mönchengladbach-based retailer, which operates 24 stores and an online shop, applied for ...
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ArticleDeichmann continues to grow in 2023
Deichmann continued to grow in 2023 despite difficult business conditions, especially in its home market. The German footwear retailer, which is present in 34 countries, generated gross revenues of €8.7 billion, or a net €7.4 billion, in 2023, up by just over 7 percent on a currency-adjusted basis. Like-for-like sales, ...
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Düsseldorf shoe retailer Koch files for bankruptcy
The German shoe retailer Schuhparadies Michael Koch GmbH has shut down after 37 years of activity as it slips into bankruptcy on rising energy, insurance, staff and rent costs. The traditional footwear business, established by Michael Koch in 1987, runs a Tamaris store on Flinger Strasse in the old ...
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Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks
Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains. The chief executive, Anthony Smith, said there had also been “higher ...
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ArticleRussian footwear brands adapt their product range to better suit online marketplaces
As e-commerce consolidates its dominance in the Russian footwear market, brands are looking into opportunities to improve their positioning in this segment. In 2023, one of the key trends on the Russian market of fashion goods was that brands were designing new collections specially for online marketplaces, according to a ...
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Continued uncertainty in German consumer sentiment despite an improvement in March
Consumer sentiment in Germany showed a significant improvement in March from the previous month, according to the German trade association HDE. The industry group however warned that, given the persistent uncertainty, there is currently no sign of a solid upward trend. The monthly HDE consumption barometer is calculated ...
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The German footwear retailer Galipp to shut down
The German shoe retailer Gallip is closing down after 55 years in the business. The store in Gifhorn, in the Lower Saxony region of Germany, will shut its doors in December 2024, while the Berlin store will cease operations in 2025, managing partners Maike and Hayo Galipp-Le Hanne and ...
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ArticleStyle Capital snaps up Autry, launches retail expansion plan
The Italian private equity group Style Capital has acquired a 50.2 percent stake in Autry International, the owner of the Italian sneakers brand Autry, and announced a retail expansion plan that will see the opening of more than 20 Autry brand stores in luxury shopping destinations in Italy and abroad. ...
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Ariat opens a flagship store in Las Vegas
Ariat International has opened a flagship store in Las Vegas. The retail space spans nearly 10,000 square feet and is part of the new 63 Las Vegas shopping center, located at the intersection of Las Vegas Boulevard and Harmon Avenue. “Roughly 40 million people travel to Las Vegas each year, ...
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ArticleFormer Görtz CEO Frank Revermann takes over Onygo
Görtz’s former CEO Frank Revermann took over Deichmann’s sneaker and streetwear subsidiary Onygo, said the former parent company confirming media reports. At the beginning of October, Deichmann announced that Onygo would cease operations by August 2024 at the latest, citing major structural changes in the fashion retail sector, exacerbated ...
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ArticleFootwear sales rose by 4% in 2023 in Germany while 15% of stores closed
Footwear retail sales in Germany increased in 2023 by approximately 4 percent, or €480 million, to €11.6 billion (including VAT), despite a few spectacular bankruptcies, estimates from the country’s textile, shoes and leather goods trade association, BTE, showed. The figure includes brick-and-mortar shoe stores (€6.8 billion), online sales (€2.7 ...
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Bata joins the Leather Working Group
Bata has joined the Leather Working Group (LWG), a non-profit organization promoting responsible leather by minimizing the environmental impact of its production through a suite of tools and environmental, social and corporate governance (ESG) certification. “By joining forces with LWG, we gain the tools to adopt cleaner solutions, reduce ...
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ArticleAldo to produce bags under the Hunter brand
Aldo Group has entered into another licensing agreement with Authentic Brands Broup (ABG). Under the deal, the Canadian footwear company will take on the design, production and distribution of bags and small leather goods for men and women in the US and Canada. Hunter’s bag collection will launch for the ...
