Retail
Caleres' joint venture to expand distribution in China
The US-based footwear giant will begin to distribute footwear in greater China, including Hong Kong, Macau and Taiwan, through a joint venture with Brand Investment Holding, a member of the Gemkell Group
Nordstrom is hiring 1 200 people
The US-based retailer is opening a Flagship Store in New York by the end of October and opened 1 200 sales position
Truworths to restructure Office's debt
The South African fashion retailer Truworths International confirmed its British footwear chain Office has entered debt restructuring talks with its lenders
Forever 21 is exploring options
Fast-fashion chain Forever 21 is reported to be in talks with potential lenders and restructuring advisers as it analyses options for recovering from the less healthy moment
Deichmann announces UK expansion
The Germany-based retailer has announced plans to expand its UK store portfolio. Last year the brand has opened 9 stores in that country bringing its network of stores in the UK to 102
Syed Nasim Manzur (Apex Footwear): If the product is good, the customer will come
Watch the interview to learn a bit more about the current trends of the footwear industry according to the views of Syed Nasim Manzur, from Apex Footwear in Bangladesh
UK: retail sales slip at fastest pace since 2009
The High Street business in the UK continues to face challenging times. Now, the highest drop in British retail sales in the last 10 years has been reported
Thomas G Bata: You have to get the priorities right
Watch the interview to learn a bit more about the current trends of the footwear industry according to the views of Thomas G Bata, from the Bata Group
Tamara Mellon raises funding for brand's expansion
The co-founder of the Jimmy Choo brand has managed to secure funding to expand her namesake brand. Tamara Mellon raised 50 million US dollars for the expansion of the brand
Walmart has a new Chief Technology Officer
Suresh Kumar is a 25-year Tech Executive, who will bring deep experience in retail and e-commerce, advertising, cloud and machine learning
Bata to invest in Colombia
The total investment should amount to 5 million US dollars. Bata is aiming to open new stores and renew the e-commerce platform
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods-
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