Latest Headlines – Page 63
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ArticleE-Commerce: Secondhand marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
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ArticleAdidas exhibits its “made to be remade” products in London
At Design London 2022, taking place at Magazine London on Sept. 21-24, Adidas has organized an exhibition titled “Chasing Circularity.” The exhibits showcase the brand’s journey since the 2019 launch of Futurecraft.Loop, a corporate initiative that explores ways to make reusable products. The project has been working on a circular ...
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ArticleMcKinsey has some advice for inflationary times
Rising operational costs and increasingly skittish consumers are squeezing margins in the apparel industry. Below is what McKinsey advises.
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ArticleFanatics inks new deals with UEFA and ICC
Sports merchandise giant Fanatics has signed deals with UEFA and the International Cricket Council (ICC). UEFA and Fanatics have announced a long-term e-commerce, event retail and licensing deal, which the football governing body has described as “one of the most comprehensive sports merchandising partnerships in European football.” The national team ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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ArticleCross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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ArticleKanye West seeks to part ways with Gap
As our colleagues at the American edition of SGI are reporting, Kanye West has instructed his attorneys to cite breach of contract and end his deal with Gap. The rapper turned apparel and footwear designer has been badmouthing the company on Instagram as well as in the press, notably in ...
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ArticleNorth America gets its first pro pádel league
A professional league, called Pro Padel League (PPL), has emerged in North America as the world’s fastest-growing or most ambitious racquet sport. The league is set to begin broadcasting matches to some 75 million households with the start of its inaugural season in March 2023. PPL was founded in 2021 ...
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ArticleReusch goes museum: Part of “Football: Designing the beautiful game” in London
Source: Felix Speller George Best’s worn boots For the first time, the exhibition “Football: Designing the beautiful game” was on display at the Design Museum in London from April to August 2022. The goal of this exhibition was to look at football from a different perspective and ...
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ArticleThe Chouinard family transfers ownership of Patagonia: "Earth is now our only shareholder"
Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (along with his children Claire and Fletcher) have decided to give away their company to ensure that all proceeds are used to fight climate change. The Chouinard family has transferred all ...
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ArticleFinal countdown to European Outdoor Summit 2022 in Annecy
After a two-year hiatus, the European Outdoor Group (EOG) has partnered with OSV to put together an impressive lineup of speakers and sessions. More than 150 senior executives have already booked places
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ArticlePeloton’s co-founders Foley and Kushi step down
Peloton Interactive announced that it has accepted the resignations of John Foley as executive chair and Hisao Kushi as chief legal officer, effective Sep. 12, 2022, and Oct. 3, 2022, respectively. Foley co-founded Peloton in 2012 and has built the company into a global interactive fitness platform. After previously serving ...
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ArticleMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic available only to subscribers of SGI Europe. It includes revenue and market-share development, as well as a regional breakdown, of the major global sports apparel brands.
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ArticleGymshark opens first brick-and-mortar store
Gymshark has announced it will open its previously announced flagship store on Regent Street in London on Oct. 1. This first-ever brick-and-mortar store for the British brand will span around 1,700 square meters and feature several other functions in addition to the sale of Gymshark products and apparel. For example, ...
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ArticleCanada Goose shows optimism about consumer demand
Canada Goose is optimistic that its fiscal 2023 income statement will not include any red figures, as its luxury consumer base remains relatively unfazed by the market’s current woes. At the Goldman Sachs Global Retailing Conference, the company said the North American market will remain very healthy in 2023, while ...
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ArticleVolumental announces 86% increase in revenue
Volumental, a Sweden-based global platform offering 3D foot scanners, announced that it has seen an 85 percent increase in revenue this year and scans half a million consumers’ feet per month. With poor fit being the most common reason for shoe returns, stores that have implemented Volumental’s foot scanning technology ...
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ArticleSport 2000 digitizes NOS processing
For the start of the spring/summer 2023 shopping season, Sport 2000 has, for the first time, completely digitally processed order preparation and entry for the NOS (never out of stock) segment. Together with MobiMedia and its digital order platform Quintet24, the retail group has developed a system that enables a ...
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ArticleZumiez adjusting assortments as customers seek value
Zumiez, the global specialty retailer that operates 70 Blue Tomato stores in Europe, suffered an 85 percent drop in second-quarter operating profit to $5.0 million from $32.0 million for the period ended July 30. Ebit was down by 83 percent to $5.5 million as net income came in 87 percent ...
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ArticleReebok names new CEO as Matt O’Toole moves to ABG
Source: Reebok Todd Krinsky Reebok has tapped Todd Krinsky, a 30-year company veteran and member of its senior leadership team for more than a decade, as its new CEO. He is replacing Matt O’Toole, president and CEO of Reebok, who is moving to executive vice chairman of ...
