Latest Retail News & Analysis – Page 11
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News briefsShops 1st Try relocates
After ten years, Shops 1st Try, Europe’s largest B2B snowboarding demo, is moving 35 kilometers from Alpbachtal to a new location in Hochfügen in Austria’s Ziller Valley. The date remains the same: January 19-21, 2025. The new location is divided into two areas: the On-Snow Demo and Exhibition Area in ...
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News briefsTSG moves Swiss sales in-house, new country manager
Swiss action sports company TSG International AG has announced that it will handle the entire sales process in Switzerland directly from Sept. 1, 2024, and will therefore end its cooperation with its previous Swiss distribution partner Bucher + Walt SA on August 31, 2024. Bucher + Walt will take over ...
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News briefsFoot Locker relaunch the FLX Rewards Program
Foot Locker unveiled an enhanced FLX Rewards program and announced upcoming upgrades to its mobile app, marking key milestones in the company’s Lace Up strategy, its strategy to drive sustainable and profitable growth. Based on extensive consumer insights, the revamped FLX Rewards program introduces FLX Cash, which allows customers to ...
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ArticleAI fashion catalog promises to save time and money
A London-headquartered start-up founded in 2022, Truss, is cataloguing the world’s clothes, or at least the share of it produced by fashion houses. As Truss sees things, its product is useful for e-commerce and resale, for fashion brands themselves and for marketplaces, but also for insurers, which require proper appraisals ...
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News briefsCoupang appoints AI specialist to Board of Directors
Source: Coupang Asha Sharma Coupang, Inc., the technology company that acquired the assets of global online luxury company Farfetch Holdings earlier this year, has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to the company’s Board of Directors. Prior to joining ...
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News briefsTeijin Frontier and Save the Duck jointly establish Save the Duck Japan
The Italian Trade Agency (ITA) has reported that the Japanese company Teijin Frontier Co., Ltd. founded the joint venture Save the Duck Japan Ltd. based in Tokyo together with the Milan-based clothing company Save the Duck, a brand of animal-free outerwear. Kenichi Haruta of Teijin Frontier was appointed president. The ...
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ArticleApple seeking cheaper alternative to its VR headset
Apple appears to be directing its efforts away from a second edition of its Vision Pro headset and toward a cheaper version, according to Mac Rumors, which cites reporting by The Information. The Vision Pro’s retail price is $3,499. (The 14-inch MacBook Pro, by comparison, ranges in price from $1,599 ...
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News briefsUlrich Hanfeld takes over sole management of Hervis
Source: Hervis Dr. Ulrich Hanfeld Austrian sporting goods retailer Hervis is taking the next step in its ongoing restructuring: By the end of June 2024, Dr. Ulrich Hanfeld will assume sole responsibility for the management board. The retail professional was brought into the company at the beginning ...
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ArticleUnisport opens first store in Germany
Unisport, an e-tailer for soccer equipment with a solid social media presence, has opened its first physical store in Germany at Neuhauser Straße 5 in Munich’s city center. Unisport has been operating a successful e-commerce platform in Germany since 2016. “We are delighted to be able to offer our German ...
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ArticleIntersport, Decathlon largest clothing retailers in France
Over the past 24 years, the sporting goods chains Intersport and Decathlon have become the leading retailers of clothing in France, overtaking hypermarkets, which used to control a combined 20 percent of the clothing market in 2000, according to the study Référenseigne Fashion carried out by Kantar, a group of ...
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News briefsIntersport Spain announces Rafael Barbé as new commercial director
Two months after the departure of its Director General, Ángel Solores, Intersport Spain has appointed Rafael Barbé as its new Commercial Director, Modaes.com has reported. Barbé has 29 years of experience in management consulting, with roles at A.T. Kearney and Accenture, among others. Ever since Solores’ departure, Maite García, President ...
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News briefsDecathlon UK makes £2m loss, invests £10m in restructuring measures
Decathlon UK reported a 5 percent drop in sales and a 2.5 percent sales decline on a same-store basis in 2023. The British arm of the French-based retailer experienced a full-year loss of £2 million (€2.37m) after investing £10 million (€11.8m) in transformation initiatives. The results were also affected by ...
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News briefsAuthentic Brands announces partnership with Cart.com
Source: Cart.com Cart.com, a provider of unified commerce and logistics solutions, today announced a strategic partnership with Authentic Brands Group. Through the partnership, Cart.com will provide scalable, omni-channel customer support and merchant-of-record services across portions of its portfolio of e-commerce brands. Cart.com’s customer engagement solution creates seamless ...
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News briefsAllbirds has found its distributors for Scandinavia, Benelux and Japan
Allbirds has announced agreements with distributors in the markets of Scandinavia and Benelux. With the completion of these agreements, Allbirds has now penned deals with eight international distributors, following Canada and South Korea in 2023, and Japan, Australasia, Gulf Countries and Southeast Asia earlier this year. Authentic Brands will be ...
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News briefsAuthentic Brands Group hires GM for Africa
Source: Authentic Brands Group Warren Bowers, General Manager Africa Warren Bowers, a 25-year veteran in the fashion, outdoor and sports sectors, has joined Authentic Brands Group as General Manager of the company’s Africa region. In this newly created position, Bowers will oversee Authentic’s expansion across the continent ...
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News briefsOn and Beams launch collaborative tennis lifestyle collection
On has announced a collaboration with Japanese retailer Beams, which opened its first store in Harajuku, Tokyo, in 1976, to launch a collection featuring the new The Roger Pro, a shoe designed as a lifestyle shoe that also performs well on the tennis court. The joint collection will launch at ...
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News briefsOn hires AI/robotics firm for inventory management
The sportswear brand On has hired a fellow Zuricher company, Verity, to refine its third-party warehousing. The method: a fleet of autonomous drones that fly around scanning and rescanning the inventory. By Verity’s reckoning, the average warehouse turns over its stock eight times per year and, between lost pallets and ...
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News briefsSerious sales growth at Pro Padel Shop
Padel Pro Shop’s first-half sales for 2024 doubled year-on-year, from €4 million to more than €8 million, according to TradeSport. The e-commerce specialist expects to generate €20 million by year’s end. This would be up from FY 2023’s €10 million. Its verticals, pádel and handball, as founder and CEO Dionisio ...
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News briefsStockX halts 400,000 suspected fakes in 12 months
The online marketplace StockX reports in its Big Facts: The Verification Report, which covers the twelve months to May 31, 2024, that it used its verification methods to reject over 400,000 suspected counterfeit products worth almost $85 million. This is around 100,000 more counterfeits than in the previous year. In ...
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ArticleRussian sporting goods industry hit by labor shortage
According to market players, Russian sporting goods retail is hit by a persistent labor shortage. Sportmaster, the largest Russian sporting goods retailer, “undoubtedly experiences a lack of workers,” Valentina Vatrak, Head of Sportmaster’s HR department, has told a local news outlet, Retail. Although she claimed the company is staffed 100 ...
