Retail
Deichmann acquires shoe chain KicksUSA
German shoe retailer Deichmann is investing in China and the US with several initiatives planned for 2019. The acquisition of shoe chain KicksUSA already took place
Nine West emerges from Chapter 11 and renames business
The US-based retailer completed its financial and operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and Brigade Capital. Nine West renamed to Premier Brands
Dick's Sporting Goods enthusiastic about the business
The US-based sporting goods chain reported falling sales and earnings for the fourth-quarter due to a calendar shift. For the full year, Dick’s Sporting Goods predicts consolidated same-store sales to be approximately 0%-2%
Nordstrom appoints two new members to Board of Directors
Seattle-based Nordstrom announced the appointment of two new members to its Board of Directors: Kirsten Green, Forerunner Ventures founder and Managing Director and Glenda McNeal, American Express Company Enterprise Strategic Partnerships President
EU: Average retail trade rose in 2018
The volume of retail trade was down by 1.6% in the Euro Area, and by 1.4% in the EU28, in December 2018 compared with November 2018. However, the overall performance for the year 2018 (compared with 2017) is positive with increases in both the EU28 and Euro Area
Fila to open 100 retail stores in India
Fila India, a sporting goods company owned by Cravatex Brands Limited, the Indian arm of the Batra Group, is adopting a competitive expansion strategy in the country as it forecasts the opening of one hundred stores by 2020
tReds falls into administration
The UK-based footwear retailer, with a chain of footwear stores across the UK and an online operation, has been placed into administration
Neiman Marcus’ Chief Merchandising Officer resigns
Jim Gold, president and chief merchandising officer of Neiman Marcus Group, will resign from his position, effective fromt he 15th of March
US: online sales grow by 16.5% in the holiday season
According to the Adobe Digital Insights Holiday Recap 2018, 126 billion US dollars were spent online this holiday season in the US, which represents an increase of 16.5% year-over-year
Obuv Rossii reinforces position in Russian market
The Russian-based footwear company opened 48 new franchising stores across the country in 2018, bringing the total number of franchises to 161. As a result, the total retail chain of Obuv Rossii exceeds more than 700 outlets
Genesco reports increasing sales
The Nashville-based footwear retailer announced fourth quarter-to-date comparable sales increasing by 4%. As a result, Genesco reiterated most recent adjusted earnings per share guidance
Nordstrom: comparable sales increase by 1.3%
The Seattle-based fashion retailer announced comparable sales increasing by 1.3% in the nine weeks period ended on the 5th of January 2019, compared with similar period in 2018
Amazon with record holiday sales
The US-based ecommerce giant announced a “record-breaking holiday season” with athleisure cited as a “top trend”. Amazon registered more items ordered worldwide than ever before, with customers shopping at record levels from a wide selection of products across every department
80 Sears and Kmart locations to close
Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019
Blake Nordstrom dies at age 58
The 58-year old co-President of Nordstrom, Blake Nordstrom, died early Wednesday morning. Blake's brothers, Pete and Erik Nordstrom, will continue as co-Presidents of the company-
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