Latest Retail News & Analysis – Page 106
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News briefs
Brooks now available in India
Brooks has launched in India. The products of the American running shoe brand headquartered in Seattle, Washington, have been available on the Indian market since mid-July, imported by Selection Centre Sports and marketed by Meraki – The Creative Studio. Brooks is reportedly planning to partner with multiple celebrities to promote ...
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Volcom is expanding its retail footprint in China
Authentic Brands Group (ABG) has called on the brand-building services of the China Ting Group to expand the footprint of one of its properties, Volcom, in the Middle Kingdom. In June the Californian boardsports brand opened two stores in China – at the Mixc Mall in Hangzhou and the Summer ...
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ArticleNike realigns management for digital DTC, places EMEA under Grebert
Nike will be making several changes to its top management and operating model in keeping with the “Consumer Direct Acceleration” (CDA) policy it announced in June while releasing its latest financial results. The Nike brand’s regional divisions will remain as they stand, but two of them will be swapping out ...
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ArticleSwiss sports retailers predict a 10% sales drop this year
Excluding bikes, which are becoming more popular in the country, the Swiss sporting goods market achieved modest growth of 1.4 percent in 2019 in comparison to the previous year, according to the Swiss Association of Sports Retailers (Asmas), which compiled the figures in collaboration with the GfK market research institute. ...
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News briefs
Adidas to sponsor Leeds United for five years
For five years as of the 2020/21 season, Adidas will be the kit sponsor for Leeds United, which just recently moved up to the U.K.’s Premier League, after its victory in the Sky Bet Championship. Kappa’s five-year sponsorship deal with the club expires this season. Adidas’ playing and training kit ...
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News briefs
HG x2 Partial management buy-out for Globus
Globus, the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to take over the Swiss group this past February from the previous owner, the Migros cooperative of ...
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News briefs
Courir enters Portugal
Courir, the athletic footwear chain sold by the French Go Sport group to an investment fund at the end of 2018, has just opened its first store in Portugal. It is located in Porto, and about three other openings are planned in the country during the coming months, followed by ...
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News briefs
Kanye West delivers ultimatum to Adidas and Gap
The American rapper and businessman Kanye West apparently intends to “walk away” from his deals with Adidas and Gap unless he is appointed to their respective boards. He said so in North Charleston, South Carolina, at a rally for his U.S. presidential campaign, which began with a tweet on America’s ...
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News briefs
Adidas France has a new managing director
Mathieu Sidokpohou has taken over from Guillaume de Monplanet as the new managing director of Adidas France, the French subsidiary of the sporting goods giant. De Monplanet, who joined the Adidas group in 2005 as commercial director for Reebok, has left the company. He became country manager in 2018. Sidokpohou’s ...
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News briefs
New Balance rolls out new concept store in Tokyo
New Balance has introduced the T-House, a new concept store in Tokyo that is inspired from traditional Japanese tea houses. The two-story space, designed by Tsunemu Nagasaka, features a medley of wooden fixtures, made with repurposed frames that were taken from a 122-year-old warehouse in Saitama. The shop is on ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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ArticleZalando improves its guidance
Zalando expects the gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent for the full financial year, with the adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 ...
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News briefs
Decathlon Italy partners with Carrefour
Decathlon is further expanding its collaborations with grocery store chains across Europe as part of its plan to make its products available to shoppers in their everyday life. After partnering with Carrefour in Belgium earlier this year, Decathlon is now teaming up with Carrefour in Italy. Some roducts of the ...
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ArticleXXL bounces back
It seems that there is light at the end of the tunnel for XXL ASA, after many quarters stuck in a downward spiral. To turn the business around, the leading Nordic sports retailer has been taking drastic steps such as cutting costs, clearing inventory and searching for new “sustainable” sources ...
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Russia’s Sportmaster wants to trade more online
Russia’s biggest sporting goods retailer, Sportmaster, plans to boost the share of sales online to 30 percent, as compared to 12 percent before the coronavirus pandemic, said Dmitry Strakhov, Sportmaster’s sales and development director. To reach that goal, Sportmaster plans to design and launch a new online store as well ...
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ArticleMartes Sport expands in Poland and abroad
While putting on hold the planned rebranding of its higher-end Martes Sport Premium stores, Poland’s largest sporting goods retailer is continuing to add new stores to its chain and to expand internationally, in spite of the coronavirus epidemic. Martes Sport has opened a total of 16 new locations under its ...
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News briefs
Lululemon opens corner in a Munich department store
Lululemon has opened a shop-in-shop of 90 square meters in the urban sports section of Oberpollinger, the high-end department store in downtown Munich. It’s the first of the kind in Germany for Lululemon, which already has a store in Munich and eight others in the rest of the country.
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ArticleCovid-19 drives rent renegotiations, partnerships
Retailers in Europe and the U.S. have been seeking rent relief while reeling from Covid-19 shutdowns, and now that their stores have reopened, they are facing uncertain sales prospects and higher costs to meet health and safety requirements. Although some landlords have taken a hard line, many others have been ...
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News briefs
Tecnica Group reshuffles distribution in Sweden and Norway
Blizzard and Tecnica will be distributed by J0 Sport in Sweden and by Sport Sensation in Norway, starting from March 2020. Sport Sensation is taking over the distribution in Norway from Ramos, while JO Sports will be taking it over from Scantrade after the delivery of the autumn/winter 2020/21 collections. ...
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News briefs
Rossignol reorganizes functions at its Swiss subsidiary
According to sportbiz.ch, the website of the Association of Swiss Sports Retailers (Asmas), Groupe Rossignol is reorganizing its Swiss subsidiary. Switzerland will become part of a larger regional division, which will be managed by Alessio Meda, currently country manager for Italy. Meda has been working for Groupe Rossignol since 2006, ...
