Fluevog expansion shows signs of life for shoe retail
Vancouver retailer expands to Edmonton and opens second Montreal store
By Glen Korstrom | April 5, 2017, 12:48 p.m.
Fluevog Shoes plans to open its 22nd store in Edmonton next week, on the heels of opening its 21st store – a second store in Montreal – earlier this year.
The openings highlight how small, niche shoe retailers are able to compete against large chains, some of which have had severe troubles.
Although Statistics Canada’s numbers show that Canadian shoe-store sales were about $322 million in January, up 6.8% from the same month in 2016, the overall sales mask scuff marks on some shoe retailers’ balance sheets.
Payless ShoeSource announced April 4 that it has filed for Chapter 11 protection from bankruptcy as it restructures. The reorganization will involve closing nearly 400 stores. Payless had operated more than 4,400 stores in more than 30 countries, including more than 100 stores in Canada.
Payless blamed declining mall traffic as consumers shift to buying online.
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https://www.biv.com/article/2017/4/f...e-shoe-retail/