It’s popular pop-up store season for predominantly digital brands taking advantage of Golden Quarter (and beyond) sales. Latest is sustainable fashion brand Omnes whose sort-of-temporary store (11 months) at Victoria Leeds marks the brand’s first space outside London as well as its northern debut.
Omnes
Opening on 3 November, and running until the end of July 2026, the 2,800 sq ft Victoria Quarter store will showcase the brand’s full collection, including its autumn/winter range, partywear edit and Studio Omnes, its new line of elevated knitwear.
Omnes founder Jordan Razavi said: “Opening in Leeds allows us to meet our customers where they are, and to bring the world of Omnes to life to a whole new audience.”
Rachel Bradburn, head of Leasing for centre operator Redical, added: “Omnes embodies the new generation of purpose-led retail – sustainable, design-driven and community-minded. Their decision to debut outside London with us at Victoria Leeds reinforces the destination’s appeal as a northern first for exciting, forward-thinking brands.
“Pop-ups are an important part of how we curate and evolve Victoria Leeds – they allow us to stay agile, test new ideas and bring fresh energy to the destination. Omnes is a brilliant example of how short-term retail can create long-term connection.”
The latest arrival follows a string of notable signings at Victoria Leeds, including jeweller Dinny Hall and fashion brand Wax London.
The Welcome on Board – Mode & International event will be held in Paris on November 20, a day entirely dedicated to assessing new export strategies for fashion brands. More than 250 participants are expected, among them brand founders, CEOs, and senior executives in charge of international expansion and exports, e-commerce and direct retail, as well as international fashion buyers.
DR
The event is organised jointly by various French industry associations and public bodies, like the Women’s Ready-to-wear Federation, Promas International, the Association of Apparel Producers, the Knitwear and Lingerie Federation, the Fashion and Haute Couture Federation, UFIMH, DEFI, the French Footwear Federation, CCT, Francéclat and Entreprises France. The programme includes conferences and workshops designed to help brands expand their international presence.
There will be sessions on the impact of geopolitics and market transformations on international trade, and on the expectations of international buyers. The line-up of speakers includes representatives of international names like Kirna Zabête (USA), Guffanti (Italy), Hankyu Hanshin (Japan) and Attica (Greece), alongside French experts like Michaël Azoulay, founder and CEO of American Vintage, Caroline Goiffon, managing director of Statement Paris, Louis-Gabriel Nouchi, designer at LGN, Claire Bismuth, COO of Coperni, Lisa Nakam, managing director of Jonak, and Mathieu Grodner, president of Simone Pérèle.
Workshops on customs and logistics, brand security in the digital age, finance and market opportunities will be held in the afternoon. Also under the spotlight, lean growth strategies, how to deploy sustainable international D2C strategies, and how to use AI and data analytics to improve global performance.
Welcome on Board will combine analysis of market data and the experiences of several brands with practical workshops, giving participants the tools to kickstart, consolidate or accelerate their international expansion within a constantly changing environment.
Over the first nine months of the year, the French leather industry recorded a 3% decline in exports to 13.7 billion euros, according to the Economic Observatory of Alliance France Cuir, which cites a drop in orders from Asia and the United States.
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The Observatory’s economic report notes a 7% fall in exports to Asia. This downturn affected China and Hong Kong (-5%), Japan (-8%), Singapore (-27%) and South Korea (-7%). Exports to the United States also contracted by 2%, while European demand strengthened by 0.7%.
By product, exports of raw hides and skins fell by 2%, and those from the tanning and dressing sector by 1%. The decline came to 3% in both the footwear and leather goods markets. However, the leather goods sector was the only one to end the period with growth in cumulative revenue across its companies (+3%).
Imports remained stable over the period, at 10.4 billion euros. The Observatory notes a 7% drop in orders placed in Europe, while supplies from Asia rose by 7%. This situation benefited Vietnam (+13%), Indonesia (+6%), India (+6%), Cambodia (+22%) and, to a lesser extent, China (+3%).
This shift in sourcing from Europe to Asia is pushing down the average prices recorded by customs, with declines of 3% for shoes and 13% for handbags.
By sector, increases in imports were seen in footwear (+2%) and in tanning and dressing (+4%). Imports of raw hides and skins fell by 6%, as did imports of leather goods. In this category, handbag production, all materials combined, is estimated to have fallen by 2.7%.
Walmart CEO Doug McMillon will retire next year after more than a decade at the helm, capping a period when he reshaped the big-box retailer into a technology-driven powerhouse whose shares have consistently outperformed the broader market.
John Furner – Reuters
McMillon, 59, will be replaced by U.S. division chief CEO John Furner, 51, a veteran with three decades at the company, Walmart said.
Walmart’s shares cut earlier losses to trade down about 0.6%. McMillon’s decision to step down came sooner than anticipated, though his tenure at the time of his expected Jan. 31 retirement makes him one of the longest-serving CEOs in company history.
“Given that Mr. McMillon was unequivocally Walmart’s best CEO since the company’s founder in Sam Walton … the announcement will likely cause some anxiety by shareholders, particularly since the change was a bit earlier-than-anticipated,” said Chuck Grom, an analyst with Gordon Haskett.
Walmart said in a statement McMillon’s retirement was a planned transition.
McMillon took over from Mike Duke in February 2014, when the company was playing catch-up to online sales giant Amazon.com that was quickly capturing a lion’s share of the booming consumer demand for e-commerce.
McMillon tapped into the company’s vast store footprint to speed up deliveries, incorporate automation technology at warehouses, and expanded its marketplace and advertising business to boost income.
Since he took the job, Walmart’s value has more than tripled to its current $817 billion as he ramped up e-commerce efforts.
When he took over, the company’s global e-commerce sales had just surpassed $10 billion; in its most recent fiscal year ended in January, that figure had surpassed $120 billion.
“Walmart has performed very well under Doug’s tenure,” said Neil Saunders, Managing Director of Retail at GlobalData.
“It has become a way more influential e-commerce player, has integrated new technologies to improve efficiency, and has pushed into new areas like retail media.”
McMillon will continue as an adviser through Jan. 31, 2027. The Bentonville, Arkansas-based retailer’s stock has risen 323% since he took over, outperforming the S&P 500 index.
McMillon, who joined Walmart in 1984 as an hourly associate, has served in leadership roles at all three Walmart divisions: U.S., International and Sam’s Club. He rose through the ranks to become CEO of Walmart in February 2014, replacing Mike Duke.
Furner has followed a similar career trajectory at the country’s largest private employer, joining as an hourly associate, and also heading Sam’s Club and Walmart U.S. in his three decades at the company. “Furner is taking over one of the most desirable seats in corporate America and, in our view, just needs to continue to execute against the game plan they have already put in place,” said Truist Securities analyst Scot Ciccarelli.
He takes the helm as Walmart starts to adopt artificial intelligence tools that are changing how retailers operate and interact with customers.
Furner was “uniquely capable of leading the company through this next AI-driven transformation,” McMillon said in a statement.’
The list of people who have held Walmart’s top job since its 1962 founding is a short one; Furner will be only the sixth person to lead the company, with each of the previous CEOs lasting six years or more.
“Doug McMillon has been a terrific CEO, leading Walmart’s transformation into an even bigger and stronger retail powerhouse fueled by technology,” said Joseph Feldman, an analyst with Telsey Advisory Group.
“John Furner is the logical choice to be the next CEO. He is a lifer at Walmart who started as an hourly associate in 1993, so he is a good cultural fit.”
The move is the latest in a string of leadership changes sweeping through retail as companies tackle tariff pressures, an uncertain economy and choppy consumer spending. Kohl’s, Kroger, and Target have named new CEOs this year.
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