Fashion Galaxy does not plan to close the network
27.01.2015 6112

Fashion Galaxy does not plan to close the network

The Fashion Galaxy shoe chain of multi-brand stores has officially denied the rumors about the closure of the chain, which began to appear in connection with the closure of several stores - in the shopping centers Kaluzhsky, Schuka and Atrium.

“Indeed, due to the difficult economic situation in the Russian Federation, fluctuations in the exchange rate, we will be forced to close some stores, but only unprofitable ones - this is a healthy optimization of the business,” said a spokesman for the company. - With an optimal ratio of rental rates to sales, stores will continue to operate. This applies to all retail players and not only, as this is the general trend of retailers in Russia. The network is still working and adapting to new conditions. As for prices, we have very selectively and insignificantly raised them by some positions, which in the end has almost no effect on the average bill for the consumer and continues to cause a rush of demand. "

Fashion Galaxy multi-brand shoe store chain has officially denied rumors about the chain’s closure, which began to appear in connection with the closure of several stores - in the shopping center “Kaluga”, “Pike” ...
5
1
Rating

Latest News

New York-based WHP Global acquires Marc Jacobs from LVMH

The French luxury conglomerate has reached a definitive agreement to sell the Marc Jacobs luxury brand to WHP Global, the parent company of Vera Wang, G-Star, and Rag & Bone. As part of the agreement, Jacobs, who founded…
18.05.2026 208

Milan Fashion Week will run from June 19 to 23.

Milan Fashion Week, dedicated to menswear and scheduled for June 19-23, will include 16 in-person shows, 6 online, 46 presentations, and more…
18.05.2026 279

Street Beat advertised white sneakers.

Multi-brand retail chain Street Beat has released another advertising campaign to promote its sneaker line. The campaign stars Russian rapper John Garik, who is currently on a 26-city tour.
15.05.2026 634

The leitmotif of the Dior Cruise 2027 collection was a floral theme.

For Dior's Cruise collection, which debuted Wednesday in Los Angeles, Jonathan Anderson and his footwear design director, Nina Kristen, continued the floral theme that marked their previous…
15.05.2026 5352

Shoes Style has concluded in Moscow.

The 33rd International Shoe and Accessories Design Competition, Shoes Style, annually organized by the A.N. Kosygin Russian State University of Technology and Design, has concluded. Around 70 designers participated. Yesterday,…
14.05.2026 772
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning