Latest Retail News & Analysis – Page 26
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News briefsSigna Holding: Benko steps down, hands over chairmanship to restructuring expert
As the company announced on Nov. 8, 2023, Austrian real estate investor René Benko has stepped down as Chairman of the Advisory Board of Signa Holding and handed over the chairmanship to Arndt Geiwitz. The German restructuring specialist is also taking over the chairmanship of Signa’s shareholders’ committee, as reported ...
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News briefsXponential Fitness appoints President of International, scores global multi-brand deals
Xponential Fitness, Inc. a global franchisor of boutique fitness brands, announced several milestones in the company’s international expansion initiatives. In the first instance, Bob Kaufman was named President of International to lead Xponential’s international expansion plans for all of its brands. Kaufman has more than 25 years of industry experience ...
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ArticleSSU: Business as usual for Tennis-Point and Internetstores – and what else?
In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...
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News briefsAmazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...
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News briefsSports Minister: Russian market’s dependence on imported athletic apparel is nearly absolute
Russian dependence on imported athletic apparel and sports nutrition remains close to 90 percent, Oleg Matsisin, the Russian Sports Minister, said during a meeting with Russian President Putin. Russian analogs of athletic apparel good enough for high-level performances are available in limited quantities. There is only a limited range of ...
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ArticleFormer Decathlon stores to re-open doors in Russia
Former Decathlon stores are scheduled to be re-launched in Russia from December 2023 under the brand name Desport, Russian state news outlet Tass reported, citing sources close to ARM, the new owner of the retail chain. The product range will be formed gradually and include ARM brands, as well as ...
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ArticleCrocs taking steps to reset Heydude business
There will be some immediate pain, largely negative wholesale growth in Q4, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the ...
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ArticleZalando turns nine-month net profit
Berlin-based e-tailer Zalando reports a net profit of €10 million against a €82.7 million loss in the year-ago period. The group described the first nine months of its financial year as “characterized by the normalization of e-commerce penetration, ongoing pressure on consumers’ disposable income, and a delayed fall/winter season start ...
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News briefsSigna Holding also facing challenges
The slowdown in the real estate market is hitting René Benko’s Signa Holding severely, according to an article in the Austrian magazine News. Signa Holding is an investment holding company operating in the real estate, retail (Galeria Kaufhof, Signa Sports United (SSU), KaDeWe) and media (minority stake in Austrian newspapers ...
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News briefsUPS to acquire reverse logistics specialist Happy Returns from PayPal
UPS has announced that it is acquiring Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that provides merchants and consumers in the U.S. with a hassle-free, boxless and label-free returns experience. “By combining Happy Returns’ easy digital experience and established drop-off points with ...
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ArticleXXL misses target in Q3: “Neither proud nor satisfied”
Source: XXL Freddy Sobin CEO Freddy Sobin, in office since May 2023, began the presentation of XXL ASA’s Q3 financial report by saying, “We are neither proud nor satisfied with the results.” The retail company’s sales fell 10.2 percent in the third quarter. At the same time, ...
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News briefsQuiksilver and Roxy launch apparel rental service in France
As reported by the website Apparel Resources, boardsports brands Quiksilver and Roxy have launched an online rental service in France under the label “Boardriders Rental.” The website offers high-quality performance apparel for men, women and children for rent. François Latterrade, Head of Quiksilver Europe, told the website that the rental ...
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ArticleSuper Retail Group updates year-to-date sales
Super Retail Group, the Australian parent of Rebel Sport, BCF and MacPac, reported a group sales increase of 4 percent for the first 16 weeks of FY24 that began Aug. 1, and a year-over-year comparable sales increase of 2 percent against 20 percent growth in the same FY23 period. Online ...
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ArticleE-commerce dominates sports apparel distribution channels, new report suggests
According to a new report by Research and Markets, the global sports apparel market is projected to reach a value of US$208.47 billion by 2023, driven by a compound annual growth rate (CAGR) of 6.10 percent during the 2022-2026 forecast period. The increasing penetration of e-commerce, the fastest-growing segment during ...
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News briefsCollaboration between Amazon and luxury brands leads to guilty plea from international counterfeiter
Information and evidence provided by Amazon’s Counterfeit Crimes Unit (CCU) and other luxury brands, including the Prada Group, to Chinese law enforcement has led to a counterfeit seller’s guilty plea to crimes related to the sale of counterfeit luxury products. Amazon has described the collaboration as “a unique and landmark ...
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News briefs“Free shoes…if you can outrun our security guard”
The Parisian running store Distance recently ran a campaign, “Rob it to get it,” inviting customers – for one day only – to try their hand at stealing participating products if they could outrun the security guard. The catch? The security guard on the day of the promotion in Sept. ...
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News briefsOn opens second London store
Swiss sportswear brand On is opening a second London store on Nov. 3. After unveiling a three-story flagship store in London’s Regent Street in February, the brand will now inaugurate a new location at 37 Brushfield Street at Spitalfields Market, in East London. The new 280-sqm store will sell the ...
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News briefsDecathlon launches BuyBack in the UK
Following a successful launch in continental Europe, Decathlon has introduced BuyBack in the UK, a service that allows customers to sell their old bikes back to the retailer for up to 45 percent of the RRP. The first part of the program will focus on bicycles and will later be ...
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News briefsNike partners with US retailer Hibbett on rewards program
US athletic-inspired fashion retailer Hibbett announced the launch of its Connected Partnership, connecting Hibbett and Nike’s loyalty programs. The newly integrated Hibbett Rewards X Nike Membership will provide Hibbett shoppers with new benefits and elevated retail experiences when they purchase Nike and Jordan products at a Hibbett store or online. ...
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News briefsDTC brand Red Run opens flagship in Liverpool
Red Run, an active streetwear brand for women based in Liverpool, England, founded in 2020 during the Covid lockdowns, has opened a 130-sqm flagship store in the Liverpool ONE shopping, residential and leisure complex. To complement Red Run’s direct-to-consumer offering, the brand has partnered with Asics to sell a range ...
