Latest Retail News & Analysis – Page 176
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News briefs
Body Glove, which specializes in wetsuits and swimwear, has teamed...
Body Glove, which specializes in wetsuits and swimwear, has teamed up with Bic Sport to move into the surf equipment and stand-up paddling market. The two parties have sealed a licensing agreement that calls for Bic to design, market and globally distribute surf and SUP boards with Body Glove branding, ...
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News briefs
Decathlon opened its largest store in Paris last week, with…
Decathlon opened its largest store in Paris last week, with a selling surface of 4,600 square meters in the northeast of the French capital. Decathlon says the new store in the 19th arrondissement covers 65 sports, it sells all of its private labels and offers services such as “click and ...
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News briefs
Billabong has inaugurated a new shop concept in a shopping...
Billabong has inaugurated a new shop concept in a shopping center near Toulon in France, called L'Avenue 83. It is the first of a series of store renovations that will be carried out throughout Europe. It has digital features. The atmosphere is bright. It plays on vibrant colors and the ...
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News briefs
Pou Sheng International, the Chinese sports retailing and distribution company,...
Pou Sheng International, the Chinese sports retailing and distribution company, reports that its net consolidated operating revenue increased by 5.2 percent to $207.4 million in March compared with the same month in 2015. This number relates to turnover less sales discount and returns. The group's net consolidated sales for the ...
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News briefs
According to preliminary figures, Zalando is expected to report a...
According to preliminary figures, Zalando is expected to report a sales increase of between 22.5 percent and 24.5 percent for the first quarter, meaning a turnover in a range between €788 million and €801 million. The adjusted operating margin (Ebit) declined to between 1.5 percent and 3.5 percent, down from ...
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News briefs
Nike is replacing Adidas as the sponsor of the University...
Nike is replacing Adidas as the sponsor of the University of Michigan's athletic department from next August. The 11-year contract is valued at $127.1 million. It gives Nike an option for a four-year extension.
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News briefs
Adidas has announced the removal of plastic shopping bags from...
Adidas has announced the removal of plastic shopping bags from its own retail stores globally. The announcement was made on April 22, to celebrate Earth Day while reiterating the company's commitment to sustainability. The switch to paper bags has already begun, with Russia and Kazakhstan following in June. Adidas has ...
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Article
Alibaba acquires majority stake in Lazada
Alibaba Group Holding has made its largest overseas acquisition to date by buying a controlling stake in Lazada, an e-commerce company headquartered in Singapore, for one billion U.S. dollars. Alibaba will pay $500 million for new shares in the company and purchase an equal amount from the existing investors, which ...
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Article
Adidas invests in Portland and NYC
The Adidas Group is set to hire an additional 120 employees at its North American head office in Portland, Oregon, as the company continues to invest to regain U.S. market share. The number of group employees in Portland already increased from 850 to 1,200 last year, with the shift of ...
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Article
Adidas, Puma launch major sustainability initiatives
Adidas is retooling its sustainability policy through the launch of the “Sport needs a space” strategy, the new catchphrase that was revealed in its recent 2015 Sustainability Progress Report. “Sport needs a space” is the result of extensive consumer research the company has undertaken to gauge how important sport is ...
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News briefs
Fusalp has signed its first distribution agreement since its takeover...
Fusalp has signed its first distribution agreement since its takeover by heirs of the Lacoste family. A company based in Toronto, Throat Threads Apparel, will market the complete line of the French skiwear brand in North America, starting with the autumn/winter 2016/17 season in Canada.
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News briefs
LCS International, the owner of Le Coq Sportif brand, has...
LCS International, the owner of Le Coq Sportif brand, has stated it is currently the only authorized distributor of the brand in Benelux and Scandinavia, effective from March 16. The distribution agreements with FL Sport BV and FL Sport Scandinavia BV have been terminated following the start of the liquidation ...
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News briefs
Crocs is taking over the distribution of its products on...
Crocs is taking over the distribution of its products on the Austrian market, putting an end to an agency deal with Widmann Trading on June 30. Starting on April 1, it has also acquired seven of the nine Crocs stores in the country. The previous franchise partner in Austria, Widmann ...
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News briefs
Decathlon is reportedly continuing its expansion drive in Germany, with...
Decathlon is reportedly continuing its expansion drive in Germany, with at least six more openings this year. After new stores in Munich, Stuttgart and Berlin, Textilwirtschaft writes that the next openings are to take place in May in Lübeck and Landshut-Ergolding. The list continues with Kaiserslautern in June, Hamburg in ...
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News briefs
Stadium plans to grow significantly in the next five years,...
Stadium plans to grow significantly in the next five years, but mainly outside of Sweden, partly in Germany. In an interview with a Swedish newspaper, Dagens Industri, Stadium's new chief executive, Karl Eklöf, said the goal is to grow from the present annual level of about 5.1 billion Swedish kronor ...
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News briefs
The Austrian Sport 2000 voluntary group plans to install digital...
The Austrian Sport 2000 voluntary group plans to install digital kiosks at some of its partner stores, starting in May, allowing end customers to order products from its central warehouse for next-day delivery to their homes. Like Intersport Austria and Hervis Sport, Sport 2000 Österreich has apparently benefited from the ...
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News briefs
Under Armour is opening a 15,000-square-foot Brand House in Madison,...
Under Armour is opening a 15,000-square-foot Brand House in Madison, Wisconsin. The company is also reportedly going to open its first Brand House in Boston in November. With a size of 18,000 square feet, it would be second in size only to its flagship in Chicago, which measures 30,000 sqft. ...
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News briefs
In the framework of the brand's expansion in the running...
In the framework of the brand's expansion in the running category, Adidas recently opened its newest Runbase in the Berlin-Kreuberg section of Germany's capital city. The location is more than just a running store. It is meant to be a destination for local running communities, enabling them to try out ...
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News briefs
Paris' revamped Forum des Halles, whose modernization and expansion is...
Paris' revamped Forum des Halles, whose modernization and expansion is expected to cost around €1 billion, prominently features a new Nike store of 1,026 square meters under its new “canopy” roof and on one of its four corners. The store has dedicated areas for running, training, sportswear, men, women and ...
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News briefs
Signa Holding, the Austrian-based real estate company that controls Karstadt...
Signa Holding, the Austrian-based real estate company that controls Karstadt and Karstadt Sports, recently acquired a majority stake in Outfitter, a multi-channel sporting goods retailer, in order to support Karstadt Sports' online retail business. Signa Retail aims to position Karstadt Sports as Germany's biggest sporting goods retailer. Meanwhile, Karstadt Sports ...
