News from World

tag: Retail

10 March 2023

The bankruptcy of the Russian retailer Paolo Conte due to debts and competition from counterfeit brands

Paolo Conte operated 81 stores and was among the largest retailers of medium-priced footwear in Russia. The bankruptcy laid bare the problems of footwear retailers with revenues of up to 4 billion rubles (50 million euros), which are currently suffering due to rising costs and declining customers. They are also at a disadvantage compared to manufacturers of counterfeit shoe brands which account for 30% of Russian imports, reaching 60% in the children's footwear segment.

27 February 2023

Changes shaping the footwear retail in 2023

Drapers speaks to UK and international footwear retailers about the most significant changes shaping the sector in 2023, from supply chain struggles to bestselling styles. [Sole survivors: how the footwear market is stepping up to new ... - Drapers]

21 January 2023

6 Trends Retail Needs to Know to Beat Disruption in 2023

Financial polarization will define price tiers and assortment

Global and long-distance supply chains will undergo major transformation

Sustainability shifts from promise to proof

The geography of spending in the U.S. is shifting

The digital and physical retail world will become one

Gen Z is transforming the future of shopping. (Source: Sourcing Journal)

10 December 2022

United Kingdom, clothing and footwear in contraction

The UK clothing and footwear market is expected to contract by 3.9% next year, with volumes down by more than 10.0%, according to new research. [Clothing and footwear market set to shrink in 2023 - Drapers]

01 December 2022

Retailers fight inflation with robotics

The sector is accelerating in automation, seen as a bulwark against a narrow and expensive labor market. At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labor. [Analysis: Retailers turn to robots in cost inflation fight – Reuters]

17 November 2022

In China Retail Sales fall for the first time since May

The effect of the pandemic in China, where the intransigent "zero Covid" containment policy imposed in an authoritarian way by the Beijing government continues, is particularly heavy for retail chains. A Reuters dispatch reports that sales fell 0.5%, against expectations of a 1.0% increase and compared to a 2.5% increase in September. On the other hand, the country is missing its annual growth target of 5.5%. A Reuters poll predicts growth of only 3.2% in 2022.

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