Latest Retail News & Analysis – Page 139
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Short stops
An Under Armour store is set to open soon in...
An Under Armour store is set to open soon in Milan in a former building of Luxottica on via Orefici, next to Levi's and Tommy Hilfiger
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Short stops
Woolrich has opened a directly operated store in the Austrian...
Woolrich has opened a directly operated store in the Austrian ski resort of Kitzbühel
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News briefs
Zalando announced that it would not organize the Bread &...
Zalando announced that it would not organize the Bread & Butter by Zalando fashion festival in 2019, leaving the door open for similar events in selected cities. The online retailer launched the consumer-oriented marketing event for the first time three years ago at the former Tempelhof airport in Berlin, after ...
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News briefs
Zalando booked a net loss of €41.7 million in the...
Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...
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Article
The weather impacts Zalando
Zalando's management blamed the protracted hot summer weather for a slowdown in its growth to a rate of 11.7 percent during the third quarter. It added that it will do its best to return to its longer-term target of annual sales growth of 20-25 percent during the fourth quarter, but ...
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Article
Adidas is performing well globally
The Adidas Group is predicting a global sales increase of between 8 and 9 percent in local currencies for the current financial year, down from a previous forecast of 10 percent, due to continued lower-than-expected sales results in Western Europe. However, it has revised upwards its expectations for profitability, predicting ...
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Article
More signs of fatigue for Adidas in Europe
After a strong rally between 2015 and 2017, the Adidas brand has performed so far this year less well in Europe generally than Nike, Puma or Under Armour. In the third quarter, its sales in Western Europe were off by one percent in euros and by two percent in constant ...
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News briefs
Zalando appointed two new vice presidents this month. Sara Diez,...
Zalando appointed two new vice presidents this month. Sara Diez, previously working as senior buying director for Europe and the Middle East at Nike, became vice president for Zalando's product line for woman. Diez succeeds Dalbir Bains, who left Zalando after four years. Before her career at Nike, Diez worked ...
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News briefs
Runtastic, the mobile fitness company owned by Adidas, has announced...
Runtastic, the mobile fitness company owned by Adidas, has announced that its co-founder and chief executive, Florian Gschwandtner, will withdraw from operational management and leave the company, effective Dec. 31, 2018. He has been with the start-up for nearly ten years. Alfred Luger and Christian Kaar, respectively chief financial officer ...
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News briefs
The Puig brothers, who own Gregal Sport, have purchased a...
The Puig brothers, who own Gregal Sport, have purchased a stake in Representaciones Fusfor, the distributor of Fusalp in Spain, Portugal and Andorra. Led by a renowned sporting goods industry figure, Xavi Riba, Fusfor was founded in 2010 specifically to distribute Fusalp on the Iberian Peninsula. Gregal Sport is the ...
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News briefs
Wintex Italia, the company that took over the global management...
Wintex Italia, the company that took over the global management of the Sergio Tacchini brand in 2013, has signed a new licensing deal with Ubc-United Brands Company, which will now be in charge of the production of Sergio Tacchini apparel as well as its distribution in Germany, Switzerland and Austria. ...
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News briefs
The relatively new internet portal Sportmarken24.de, which was launched in...
The relatively new internet portal Sportmarken24.de, which was launched in February by Dominik Benner, a German shoe retailer and former member of ANWR's supervisory board, has entered into a partnership with MeinEinkauf.ch as of this month. Private customers as well as companies located in Switzerland can now use the Swiss internet ...
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News briefs
Rapha, the British maker of cycling apparel and accessories, opened...
Rapha, the British maker of cycling apparel and accessories, opened an office in Spain last month. The office is located in the Science and Technology Park of Gijon, in Asturias, the birthplace of professional cyclists Chechu Rubiera and Samuel Sánchez. Rapha is reportedly looking to establish an e-commerce team there.
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News briefs
Keen has opened a new product distribution center in Sheperdsville,...
Keen has opened a new product distribution center in Sheperdsville, Kentucky. The 300,000-square-foot “Fan Engagement Center,” as the company has called the facility, is said to have the capacity to process 30 percent to 50 percent more daily volume than the company's previous distribution facility. The center, which was inaugurated ...
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News briefs
Adidas and Nike were among the 237 brands that generated...
Adidas and Nike were among the 237 brands that generated sales of more than 100 million yuan renmimbi (€12.6m-$14.4m) at Alibaba's Single's Day consumption festival on Nov. 11. New Balance was also a winner with 60,000 pairs of shoes ordered during a pre-sales program. Overall, consumers placed orders for a ...
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News briefs
Nike has inaugurated its flagship store in New York City,...
Nike has inaugurated its flagship store in New York City, dubbed as “House of Innovation 000.” The six-level space, including a below-street-level floor, covers around 68,000 square feet on the corner of Fifth Avenue and 52nd Street. The store has been designed to offer services that are highly customizable and effortlessly ...
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News briefs
Sportamore is launching a new business model and technical platform,...
Sportamore is launching a new business model and technical platform, involving Adidas as its first strategic partner. The idea behind the Swedish online sports retailer's new platform is to enable suppliers to sell and deliver goods directly from their own warehouse to consumers via Sportamore's customer interface, starting with a ...
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News briefs
Deportes Sevilla, an important regional sporting goods retail chain, has...
Deportes Sevilla, an important regional sporting goods retail chain, has joined Base Detall Sport, the Spanish buying group that recently joined Sport 2000 International. As CMD Sport reports, the deal bolsters Base's presence in Andalusia and establishes it for the first time in the autonomous community's capital, Seville. Founded in ...
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News briefs
Rapha has set up a partnership with Wiggle, the British...
Rapha has set up a partnership with Wiggle, the British online and offline cycling retailer that has since merged with Chain Reaction Cycles. Certain items from Rapha's Core, Classic and Pro Team collections already appear on the Wiggle website. The partnership's stated purpose is to eliminate redundancies at Rapha's London ...
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Short stops
Decathlon plans to open a 38,000-square-foot store in Montreal's Eaton...
Decathlon plans to open a 38,000-square-foot store in Montreal's Eaton Centre before the end of 2019
