Updates

Latest Entries

Kurt Geiger Is Relaunching in the U.S. This Week With a New Game Plan

What a difference five years can make.
In 2013, British powerhouse Kurt Geiger came charging into the U.S. with an aggressive strategy: to open dozens of flashy retail stores in key markets around the country. Like many other U.K.-based companies, it saw America as a lucrative opportunity but didn’t fully understand the complexities of operating in the market.
Real estate leases were costly, deliveries were problematic, and the product was too expensive for a brand that had little international recognition. A year later, the label closed shop and ventured back across the pond.
“We were a little naïve in the past and thought we could just turn up and open doors,” said CEO Neil Clifford. “We were driven a little bit by [then-owner] The Jones Group. We had to be quick, and we thought we could do it all from London. You can’t. You need people on the ground. Now it’s a different story for us.”
With the support of Cinven, its fourth private equity owner, Kurt Geiger will officially make its anticipated stateside return this week. The U.S. effort is just one part of a multipronged growth push at the company, which expects to rack up annual revenues of more than 370 million

Follow Footwear News on Twitter or become a fan on Facebook.

Read More…

Via:: https://footwearnews.com/2018/business/retail/kurt-geiger-us-relaunch-nordstrom-dsw-1202637858/