Retail
JD Sports buys menswear retailer Wellgosh
The British sports-fashion retailer JD Sports acquired the Leicester-based menswear retailer Wellgosh. The financial terms of the transaction were not disclosed yet
England with new general confinement
The country is going into lockdown to try to avoid further pressure to an NHS already challenging its limits. This is the third confinement since the outbreak of COVID-19 back in March 2020. Northern Ireland, Scotland and Wales are also implementing similar measures
Confinement in the UK: What are the restrictions in Scotland?
Scotland has its own restriction levels ranging from zero to four. From midnight on the 4th of January, the mainland will move to "enhanced level four restrictions" until at least the end of the month. The islands will stay in tier three
UK: 177 000 retail jobs lost in 2020
The Centre for Retail Research found that a total of 176 718 retail jobs were lost in 2020. The same source is predicting a loss of an additional 200 000 jobs in 2021
Ara Portugal celebrates 46 years
This December, Ara Shoes Portugal is celebrating 46 years. Established in the country in 1974, the German group, was one of the first multinationals in the footwear sector to invest in Portugal
Spain Retail: After the hit of COVID-19, retail is still trying to recover
Similarly to what happened in other countries, the Textile, Clothing and Footwear (TCF) Retail Sales have lived dramatic moments with the first wave of COVID-19 hitting Spain, one of the European countries with most critical sanitary emergency. TCF sales almost disappeared in April and although the scenario improved from there, one cannot say that recovery materialised completely in the South Europe country
Arcadia’s Evans brand acquired by Australia’s City Chic for 23 million British pounds
The agreement includes the acquisition of the Evans brand, the eCommerce and wholesale businesses for 23.1 million British pounds in cash by City Chic. This deal, excludes the brick and mortar stores and follows Arcadia entering into administration a few weeks ago
European retail collapses
After registering growth, albeit moderate (1%), in 2019, the European clothing and footwear retail sector is being heavily penalized by the pandemic. Up to September, the cumulative drop in retail sales of the Textile, Clothing and Footwear sectors amounts to 24.4%
Wales enters strict lockdow: non-essential retail to close
The country will enter into a strict nationwide lockdown, especially over Christmas and on the days to follow
Live shopping: a new business model
This format of video streaming commerce is becoming very popular, especially in China. Marketing companies want to take this digital strategy across borders, focusing on hitting the European and the US markets
UK: ongoing uncertainty is making it harder for businesses to prepare
The alert comes from the British Retail Consortium (BRC), which has also urged consumers to refrain from stockpiling food before Britain leaves the EU on the 1st of January
Digital sales up by 27% at Macy's
The American department store chain reported digital sales growing by 27% in the third quarter. and comparable sales down by 21.0%, as a result of continued stores recovery and continued growth of digital business
Germany Retail: The shoes must go on! But COVID-19 is still not off the stage
One of the key footwear players took a massive hit with the dissemination of the pandemic inside its borders. During the first COVID-19 wave, footwear retail almost collapsed in Germany, but the recovery was faster than what was initially expected, and September was marked by optimism. However, a partial lockdown in the Autumn and not very good perspectives for Christmas are anticipating bad news for Germanic retailers, once again, and even before a full recovery has been achieved
Sales of clothing and footwear down by almost 30% in Mexico
Data is from Servytur's Center for Economic and Trade Studies (CEECS) and highlights a massive hit of the pandemic in the clothing and footwear sales in Mexico. El Heraldo reports
JCPenney’s Retail and Operating Assets to exit Chapter 11
The US Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies-
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