Retail
Traffic Shoes files for bankruptcy
The US-based shoe retailer and its related companies have filed for bankruptcy. Owner aims to close stores and restructure costs
Karl Vögele sells Austrian stores
The Swiss-based shoe retailer is refocusing its business model by concentrating in its 300 stores in the domestic market. An agreement to sell its 70 stores in Austria to Germany-based investment company, Lafayette Industrieholding was reached
Genesco with strong sales growth
The US-based footwear and apparel retailer has reported strong sales growth for the third quarter of the current financial year
Pensole partners with LEVI’s footwear
SOLLECTION is a four-week intensive immersion class in which 12 designers will create six shoes in three categories for Levi’s Footwear to be retailed by the brand
Kurt Geiger acquired by Cinven
One of Europe’s largest retailer of luxury footwear was sold to Cinven. Amount involved in the deal reached 245 million British pounds
Evereste new focus on shoes customisation
Cohibas is the brand coming out of this footwear company, based in São João da Madeira, founded more than 7 decades ago
Cyber Monday reaches sales over 3 billion US dollars
According to the FDRA online sales on Cyber Monday have set a new record for a single day of online sales that also topped expectations
Kering with 15% revenue growth
France-based leader in apparel and accessories has announced 15.2% revenue growth in the first nine months of the year. Revenue generated by Luxury activities up by 16.5%. Sport & Lifestyle activities grew by 12.8%
Timberland consolidates expansion in Europe
US-based lifestyle brand Timberland consolidates its expansion in Germany, Austria and Switzerland with a total of five new franchise stores
Shoe Carnival consolidates net sales
The US-based footwear retailer registered third quarter net sales increasing by 5.9%. Growth in the first nine months totaled 5.3%
Flexi aiming to conquer South America
The incorporation of new technologies and the strengthening of the retail network are the aims of Flexi, a Léon-based (Mexico) company
Geox plans to open 350 stores in China
The Italy-based shoemaker has signed a distribution agreement with Hong Kong listed Pou Sheng International to set up more than 300 stores in Mainland China by 2020
Truworths to acquire Office
The South Africa-based fashion retailer is acquiring the UK footwear company for 256 million pounds
Foot Locker with 3.2% increase in sales
The New York-based specialty athletic retailer reported financial results for its third quarter ended on the 31st of October. Sales and net income continue to grow-
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