Latest Retail News & Analysis – Page 160
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News briefs
Canada Goose told investors at the recent Baird Global Consumer,...
Canada Goose told investors at the recent Baird Global Consumer, Technology & Services Conference that it is planning to have no more than 20 physical stores in place by 2020 because its business is still largely seasonal, but as previously reported, it is investing heavily in e-commerce, particularly now in ...
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News briefs
Bernard Tapie, the former majority shareholder of Adidas, has lost...
Bernard Tapie, the former majority shareholder of Adidas, has lost a final appeal in French courts against a ruling that he should reimburse €404 million paid out to him after arbitration proceedings around the sale of the sports company in 1993. Tapie has long alleged that he was fleeced by ...
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News briefs
Kasper Rørsted, the new chief executive of the Adidas Group,...
Kasper Rørsted, the new chief executive of the Adidas Group, is the most popular manager in the German fashion industry, according to Glassdoor. The company, which operates an employment and recruitment platform, recently released its list of the ten most popular managers in the country. Glassdoor's list includes managers from ...
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Short stops
Zalando will be the main sponsor of the 20th edition...
Zalando will be the main sponsor of the 20th edition of the 080 Barcelona Fashion fair on June 26-30, along with Moritz, the Spanish beer
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Article
Nike to work more closely with Amazon and Zalando
Zalando has unveiled plans to double in size by 2020, raising its annual sales from €3.6 billion to €7.6 billion, as part of an ambitious new strategy that will include providing new services to brands like Adidas and Nike. Founded in Berlin in 2008, the German company has quickly expanded ...
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Article
Karstadt buys more online marketplaces
Karstadt Warenhaus and its Austrian parent company, Signa Retail, have taken a stake of 70 percent in Hood.de, a popular German marketplace, in order to turn the department store group into an omni-channel marketplace. The shares were formally bought by Karstadt Marktplatz, a joint venture between Karstadt Warenhaus and Signa ...
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News briefs
Adidas is boosting its infrastructure in Paris and regrouping its...
Adidas is boosting its infrastructure in Paris and regrouping its local teams under Guillaume de Monplanet, general manager of Adidas France, by opening of a new office near the trendy Pigalle area. Adidas and Reebok employees, who were previously working at different offices inside and outside the French capital, will ...
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News briefs
Rudy Project has opened a sales subsidiary for the German...
Rudy Project has opened a sales subsidiary for the German and Austrian markets, located in Munich and run by Sebastian Siedler. This former cycling professional was previously working with Sport Direkt, the former distributor of the Italian brand of sports eyewear in this territory.
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News briefs
Bootskompaniet of Sweden has taken over the distribution in the...
Bootskompaniet of Sweden has taken over the distribution in the Nordic countries for Havaianas, the Brazilian brand of rubber sandals, targeting both sports shops and lifestyle stores. Previously, Bootskompaniet worked with two other brands of summer shoes, Laidback and Soludos. The actual selling job will be performed by two agencies, ...
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News briefs
Alchemy Equipment, the New Zealand brand of contemporary urban apparel...
Alchemy Equipment, the New Zealand brand of contemporary urban apparel with performance functions, has appointed Big Bear as its distributor for the U.K. and Ireland. The brand is already available from a few British stores, such as two Snow & Rock stores, which have been covered directly from New Zealand ...
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News briefs
Clarín, an Argentinian newspaper, reports that Under Armour and Asics...
Clarín, an Argentinian newspaper, reports that Under Armour and Asics are both preparing to set up their own business in the country. It explains that Under Armour was distributed in the country through Grupo Vieytes but that the agreement expired last year and that the U.S. brand intends to expand ...
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News briefs
Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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News briefs
The Australian Financial Review reports that Decathlon, the French sports...
The Australian Financial Review reports that Decathlon, the French sports retailer, plans to open 100 stores in Australia. Decathlon moved into the Australian market about one year ago with an online store, as part of a much wider expansion plan that has seen it target markets in South East Asia ...
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News briefs
Under Armour (UA) has opened a 400-square-meter flagship store near...
Under Armour (UA) has opened a 400-square-meter flagship store near Bergamo, Italy, at the Oriocenter shopping center. It is the first flagship store for the U.S. activewear brand in Italy. The opening follows the signing of a seven-year distribution agreement for Italy with Oberalp in May 2016. The deal is ...
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News briefs
Gola, the British sports brand owned by the Jacobson Group,...
Gola, the British sports brand owned by the Jacobson Group, has announced an agreement with Madras for the distribution in Japan of Gola Classics shoes and accessories. In the course of the current spring/summer season, a limited edition of Gola Classics made in England will be presented at pop-up concessions ...
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News briefs
Adidas has recruited Kendall Jenner, the 21-year-old supermodel and reality...
Adidas has recruited Kendall Jenner, the 21-year-old supermodel and reality TV star, as brand ambassador for Adidas Originals. She personally made the announcement to her 81 million followers on Instagram. Jenner's brother-in-law, Kanye West, already has a highly popular collaboration with Adidas since 2013 for its Yeezy Boost. Her sister, ...
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Article
Adidas reshuffles the top deck
The executive board of the Adidas Group has been reshuffled with two new members announced last week, adding up to three appointments and two departures after Kasper Rorsted's arrival as chief executive in October. The changes have entailed the appointment of a new managing director for the Adidas Group in ...
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Article
Adidas sells TaylorMade to a private equity firm
The Adidas Group has finalized an agreement to sell TaylorMade Golf for $425 million to KPS Capital Partners, a U.S. private equity firm. Adidas bought the company in 1997 as part of its acquisition of Salomon, the French ski equipment maker, at a price equivalent to about €1.2 billion for ...
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Article
Adidas strides ahead
The Adidas Group continued to zoom ahead in the first quarter of this year, with an ample sales rise and a sharp improvement in operating profit margin, despite pressure in the Russian market and a decline in football apparel sales.The Adidas group's turnover was up by 18.9 percent to €5,671 ...
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Article
Zalando tests GPS-assisted deliveries
Zalando continues to be at the forefront of innovation in e-commerce with a test in Belgium of a new geolocation-assisted delivery service. By using a smartphone-enabled GPS tracking process, it will allow the shipment of its parcels directly to customers wherever they are, rather than only to their homes or ...
