Germany
Caprice acquires Peter Kaiser
The Pirmasens-based footwear manufacturer Caprice has acquired Peter Kaiser, one of Europe’s oldest women’s shoe brands. The company was declared insolvent in 2020
German retailers expect weak Christmas sales
German retailers are not expecting a boost from Christmas sales this year. As geopolitical concerns threaten to dampen consumer sentiment, weak demand continues to weigh on their businesses
Austria and Germany continue to see a wave of insolvencies and closures
Richter Schuhe, Europe’s oldest children’s shoemaker, and fashion retail chain Aachener have filed for bankruptcy. Deichmann to close its My Shoes stores in Austria and Germany by the end of 2024
Premium ceases to exist, Seek continues
The trade fair landscape in Berlin has changed, as Premium, which started in 2003, will no longer take place. Only its streetwear counterpart Seek will continue
Romika, Westland and Gerry Weber brands to be marketed under the Josef Seibel umbrella
The German shoe manufacturer Josef Seibel has announced that it will consolidate and market the Romika, Westland and Gerry Weber brands under the company's name from the fall/winter 2024 season
Puma turns experimental sneakers into compost
At the end of its two-year Re:Suede project, Puma has shown that an experimental version of its classic Suede sneaker can be turned into compost under certain tailored industrial conditions
Birkenstock names new managing director for Greater China
The German-based company has appointed Tiffany Wu to the newly created position of Managing Director of Greater China. Her aim will be to strengthen the company’s presence in the region
Zalando lowers full year GMV and revenue guidance
Despite confirming its 2023 profits guidance, the online retailer has lowered its GMV and revenue outlook revenue on the “expectation of continued pressure on demand for the rest of the year”
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
Puma reports third quarter results
The sportswear company reported a 6.0% currency adjusted growth in the third quarter of 2023, as compared to the same period of last year, and said it is on track to achieve its full year outlook
Germany Retail: retailers’ troubles are far from over
Confidence indicators are a red flag for retail at the moment, especially on the retailers’ side. The slow decline in inflation is likely to have a negative impact on consumer prices in the clothing and footwear segment, which will undoubtedly continue to limit consumers’ purchasing power; even the fall in import prices is not entirely positive news, as it will take time to translate into reality. Only the online channel seems to be more optimistic about the times ahead
adidas announces third quarter preliminary results
The German-based sportswear company has raised its guidance for the full year, mainly as a result of the continued positive impact of the sale of the remaining Yeezy inventory
Birkenstock stumbles on its Wall Street debut
The German footwear company’s shares fell by 12.6% in its first session at the New York Stock Exchange on the past Wednesday. The downward trajectory continued on the second day
Reno completes partial restructuring
The footwear retailer has finalised a partial restructuring, keeping more than 20 stores. Meanwhile, the media reported that dozens of new creditors have registered their claims in the insolvency proceedings-
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