News from World

tag: retailer

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.

17 October 2022

Empty shopping malls, how do Russian shops withstand the consequences of partial mobilization?

The Russian Council of Shopping Centres RCSC - Российский Совет Торговых Центров (РСТЦ) calls for immediate assistance from regional governors as the average number of visitors decreased by 20% in the first nine months of 2022 compared to the same period of the previous year. The association asks for tax breaks until September 2024. In September, footwear and clothing sales in Russia plummeted by 40% [Российский совет торговых центров разработал меры ... – Retail.ru]

30 September 2022

Nike skids but reacts, a term of comparison for the entire Athleisure market

According to @Reuters overall inventories increased 44% to $9.7 billion at the end of Nike's first quarter (65% in North America). The answer is to build closer relationships with its customers by offering digital services, says @voguebusiness: "Nike offers loyalty benefits to Zalando and JD Sports customers in exchange for data." For @globaldataplc Nike continues to focus on the Direct to Consumer (DTC) strategy. The paradigm for the athleisure market represented by Nike is described by the @SourcingJournal.

07 September 2022

FDRA (Footwear Distributors and Retailers of America) expectations for the reduction of tariffs on Chinese products are not fulfilled

US. companies have paid more than $150 billion in Trump tariffs on China-made goods since the Section 301duties first went into effect four years ago, according to trade statistics from U.S. Customs and Border Protection (CBP). What the Biden administration will do about duties is up for debate. [America’s Paying $140-Million-a-Day Tariff Bill – SJ]

01 August 2022

Iran Retail Show: local fashion stores fill the vacuum left by international labels

Over the past decade, international sanctions against Iran have impacted Iran in many ways on Iran's fashion and retail businesses. According to @BoF, despite sanctions and other challenges such as rising costs, the number of Iranian clothing retail branches across the country has risen sharply over the last decade, filling the gap left by international labels. [Iranian Fashion Retailers Pursue Growth Amid Sanctions – BoF]

28 July 2022

For Western footwear retailers, the Russian market was worth €911 million until 2021

@PublicationsEdm's Shoe Intelligence news outlet estimates that the withdrawal of Western brands has generated huge opportunities for Russian companies to insert their own products or reintroduce Western labels through parallel imports. [How the exodus out of Russia is creating opportunities for locals

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