All Retail articles – Page 8
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ArticleGenesco targets rents, moving non-selling activities out of stores to cut costs, boost profits
Genesco is focusing on bringing down rent costs and moving non-selling activities outside of stores, as it implements a $40 million cost-cutting program aimed at boosting profitability. “We are continuing to focus on rent, which is our biggest operating expense line,” explained Tom George, the chief financial officer, during the ...
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Kybun Joya expands in the Middle East
The Swiss comfort shoes manufacturer Kybun Joya is expanding in the Middle East with the opening of 10 new stores in the Gulf states in the coming months. The company’s retail franchise has already grown to over 65 locations worldwide and it recently opened a new store in the ...
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ArticleMinelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores. The retailer, rebranded Maison ...
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U.K. retail sales hit by weak consumer confidence in December
In December, total retail sales in the U.K. rose by 1.7 percent compared with 6.9 percent growth in the same period of 2022 and below the three-month average increase of 2.3 percent and the 12-month average rise of 3.6 percent, according to the latest survey released by the British Retail ...
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LuisaViaRoma buys Holding IT
The Florence-based online multibrand retailer LuisaViaRoma has acquired Holding IT, the owner of Playground, a retailer of luxury sportswear stores operating under the banner Soft, and of FFW, a creator and manager of e-commerce sites for fashion brands. The combined group had sales of nearly €400 million in 2023 and ...
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U.K. store footfall declined in December
Retail store visits for the five weeks ended Dec. 30 fell by 5.0 percent year-over-year in the U.K. due to poor weather and weak consumer confidence, according to the British Retail Consortium and Sensormatic Solutions IQ’s Footfall Monitor report. The footfall was down by 0.7 percent year-over-year in November after ...
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ArticleFessura plans to raise €2.1 million in a crowdfunding
Fessura, a sneaker company based in Italy’s Marche region, is proceeding with a crowdfunding due to close on Jan.17 on the Mamacrowd platform. The maximum size of the transaction was increased to €2.1 million from €1.6 million “to give the opportunity to the many investors who have expressed interest in ...
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ArticleNew brands enter the Russian market, but face an uncertain future
Since the beginning of 2023, 19 non-food retail brands have launched businesses in Russia, a vast majority of which sell footwear and clothes, NF Group, a Moscow-based consultancy, reported. In the coming months, 23 more brands plan to follow their lead, though gaining a foothold in Russia could be a ...
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ArticleDeichmann ends MyShoes brand, closes 90 stores
Footwear retailer MyShoes, a subsidiary of the German group Deichmann, will cease business operations in Germany and Austria by the end of 2024. Overall, 90 stores will be affected by the closings, with 29 in Austria and 61 in Germany, impacting 750 employees, including 150 in Austria and 600 ...
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GMS’ Boys & Girls continues to expand
Boys & Girls, the children’s footwear marketing project of the Cologne-based shoe retailing association GMS, has continued to expand, with the opening of three new specialist stores in the past twelve months. At the end of 2022, Steffen Rüger launched “Boys & Girls Children’s Shoes Rhein-Neckar” in Schwetzingen, in ...
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ArticleVF’s fulfilment operations affected by cyber attack
VF Corp. suffered a cyber attack on Dec. 13 which is affecting its capacity to fulfill orders. On Dec. 13, VF “detected unauthorized occurrences on a portion of its information technology (IT) systems. Upon detecting the unauthorized occurrences, the company immediately began taking steps to contain, assess and remediate the ...
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Ecco opens its first store in New York
Ecco opened its first store in New York. The 3,250 square-foot shop is situated at 110 Grand Street in SoHo and features the Danish company’s full range of footwear and accessories, as well as some special-edition pieces that will be exclusive to the Manhattan flagship. On Dec. 1, Deniz Erda ...
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German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping. Despite growing online sales, people between 16 and 29 years old in particular view high street shopping opportunities as ...
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Leder & Schuh secures the Delka brand
The Austrian shoe retailer Leder & Schuh, owner of Humanic and Shoe4you, has taken over the trademark rights of the Austrian footwear retail banner Delka from Ara. The parties have agreed not to disclose the details of the transaction. Established in 1907, Delka filed for bankruptcy in the summer ...
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ArticleEuropean footwear brands returning to the Russian market
Nearly 15 percent of European footwear companies that pulled out from the Russian market last year have returned to the country, the Russian footwear union estimated. Germany’s Ara and Italy’s Igi&Co are examples of the Western shoe businesses resuming operations in Russia, the organization reported. Following Russia’s invasion of Ukraine ...
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Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
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Louboutin sets up a joint venture in India with ABFRL
Christian Louboutin is joining forces with the Indian company Aditya Birla Fashion and Retail Limited (ABFRL). Under the deal, the French brand of luxury footwear will transfer its Indian business into a newly incorporated subsidiary of ABFRL, in which the partners will have equal stakes. Alexis Mourot, Christian Louboutin’s group ...
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Russia is considering banning parallel imports of Western goods
The Russian government is considering banning parallel imports of a broad range of Western non-food goods. The restrictions could be similar to the Russian food embargo imposed by Russian President Vladimir Putin in 2014, said the deputy Russian Industry and Trade Minister, Victor Evtukhov. The ban stopped the import of ...
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ArticleGörtz plans comeback in Austria with new openings, retail concepts
The Hamburg-based shoe retailer Görtz is off to a fresh start with new openings and revamped retail concepts after a troubled year and the recent change of ownership. The chairman, Bolko Kissling, who is also managing director of Vienna-based CK Technologies GmbH, is launching from Nov. 25 eight pop-up ...
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Bogner and Cappelletti extend footwear licensing partnership
The sports fashion company Willy Bogner and the Italian manufacturer Cappelletti are extending their licensing agreement for Bogner’s footwear ahead of schedule. The licensing partnership between the two family companies has been in place since November 2010 - one of the longest-running partnerships in Bogner’s license portfolio - and, ...
