Retail
Australia: retail turnover improves
Australian retail turnover rose by 0.4% in August 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures
Harvey Nichols has a repair service for luxury accessories
It is called The Restory and is an on-demand service offering modern after care for luxury fashion, starting with shoes, bags and leather goods. They are on hand to repair and restore the items
Office completes debt restructuring
South-Africa based Truworths announced that it has concluded an agreement to refinance the funding for its Office footwear retailer in the UK
Forever 21 files for bankruptcy
The fast fashion retailer of clothing and accessories filed for Chapter 11 bankruptcy. Forever 21 plans to close most of its stores in Asia and Europe
Chilean retailers impacted by fall in Argentine tourism flow
In recent years citizens from Argentina have choosen Chile as a shopping and tourism destination taking advantage of a more open economy on the other side of the border. Now things seem to be changing
Dynamic revenue growth at CCC
The Polish-based footwear group announced sales increase of 29% year-over-year in the second quarter of the current financial year
Nordstrom with new Chief Merchandising Officer
The Seattle-based fashion retailer named Teri Bariquit as the company's new Chief Merchandising Officer
Shoe Carnival with stable sales
The Indiana-based footwear company reported second quarter and first half results. Stable net sales were registered in both periods
Good momentum for DSW's revenue
The Ohio-based footwear group has reported strong revenue in the second quarter and first half, with rates of 8.2% and 15.3% growth respectively reported
Trump announces new tariffs
President Trump announced increased tariffs on another set of goods from China. This is the US response to China’s promise to tariff 75 billion US dollars worth of American goods if Trump pressed forward with his planned tariffs
Nordstrom gives away 25 000 pairs of shoes
The Seattle-based retailer is teaming up with its customers and the non-profit Shoes That Fit to deliver 25 000 pairs of shoes to kids in need for their return to school
Two digits growth for Obuv Rossii
The Russia-based company has announced second quarter and first half results marked by two digits growth in the group's consolidated revenue
Sales increase for Asics North America
The second quarter of 2019 for Asics North America registered positive regional growth year-over-year and increased traffic to both online e-commerce and retail channels. This marks the second consecutive quarter of growth for Asics North America
Singaporeans spending less on clothing and shoes
The average household spent about 120 Singaporean dollars a month on clothing and footwear, down from about 160 Singaporean dollars in the 2012/2013 period. Data comes from a Government survey
Aldo to eliminate single-use shopping bags
The Canada-based group's bagless initiative encourage customers to opt for an eco-designed shoebox. According to Aldo this will allow saving thousands of trees each year-
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