Latest Retail News & Analysis – Page 38
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News briefsDecathlon Sports Marketplace cooperates with Puma
At the end of 2020, Decathlon opened its website to other brands. The new online business model, “Decathlon Sports Marketplace,” has since offered brands and partners the opportunity to add their products online to Decathlon’s existing retail offering. In doing so, Decathlon aims not only to offer its partners a ...
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News briefsTopsports sticks to gameplay despite volatile years
The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...
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News briefsOn and SportScheck launch 24-hour world record attempt
On May 24 and 25, Swiss brand On and German sports retailer SportScheck will jointly launch a world record attempt: The longest distance run in a relay on a treadmill in 24 hours. The “SportScheck Record Run 23” is an official world record attempt and will take place at the ...
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News briefsFewer retail stores in the Netherlands in 2023
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
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News briefsAdidas begins selling Yeezy stock, plans to donate proceeds
Adidas announced on May 19 that it will begin selling some Adidas Yeezy products from its inventory. An initial sale is expected to take place at the end of May 2023. Several existing designs will be available exclusively through adidas.com/yeezy and the Adidas Confirmed app. As previously reported, the company ...
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ArticleFarfetch reports Q1 loss, but GMV grows in key markets
Farfetch Limited, the Internet platform for luxury goods whose year-over-year SKU base grew to a record 17 million units from over 1,400 sellers in Q1, lost $174.3 million against a profit of $728.8 million in the period ended March 31. Revenues increased by 8.1 percent to $556.4 million from $514.8 ...
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News briefsFoot Locker gets a new CFO
The former EVP of Finance & Treasurer at U.S. retail company Kohl’s, Michael Baughn, will be the new chief financial officer at Foot Locker. The sneaker retailer made the announcement Friday in a filing with the Securities and Exchange Commission. He will take over the post on June 12. Current ...
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ArticleFoot Locker lowers full-year outlook on “challenging backdrop”
Foot Locker, after reporting a 73 percent drop in Q1 operating income to $61 million and an 11.4 percent decline in total sales to $1,927 million for the period ended April 29, dialed back its FY23 outlook for revenues, comp sales and gross margin for the 12 months. The news ...
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ArticleDecathlon sells some stores but reportedly stays in Russia
The Russian Ministry of Industry and Trade announced that the French sporting goods retailer Decathlon had not notified the Russian authorities of its plans to leave the country altogether. A few days earlier, the Russian newspaper Izvestia reported that Decathlon had agreed on the terms of the deal to sell ...
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News briefsSun & Sand Sports opens first Singapore store
Sun & Sand Sports, a major sports retailer in the Middle East headquartered in Dubai, has opened a store in Singapore, its first in the city-state and island country. It is also the first store of the retailer in South-East Asia. Located at the Raffles City shopping mall, the new ...
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News briefseBay acquires Italian tech firm Certilogo
eBay has announced the signing of a definitive agreement to acquire Certilogo, an Italy-based provider of digital IDs and authentication for apparel and fashion products. Financial details of the transaction were not disclosed. The transaction is expected to close in the third quarter, subject to regulatory approval. The acquisition is ...
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ArticleAlibaba misses revenue forecast
China’s Alibaba Group reported that its revenue had missed the forecasts for its Q4. The company is struggling to attract new users as the Chinese e-commerce market matures and new competitors chip away at market share. Alibaba posted revenue of 208.2 billion yuan renminbi (€27.5bn) in the three months ended ...
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ArticleLatest deal in Finnish ski industry could be a game changer
Two ski factories in Finland have landed a deal of over €10m. We bring you the details and what this means for the industry and consumers.
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ArticleIntersport unveils full details of its “Grow Together Faster” strategy
Setting itself a series of ambitious goals and objectives, Intersport is aiming to be the preferred choice for all consumers. We explain how
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News briefsSelfridges wraps resale/repair services in stock market disguise
Source: Selfridges Circular services at The Stock Market at the Corner Store British luxury department store chain Selfridges, owned by Central Group and Signa Holding since August 2022, has opened “The Stock Market at the Corner Shop” at its flagship on London’s Oxford Street, a month-long experience ...
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News briefsSportsshoes.com opens new creative and tech center
British e-tailer SportsShoes.com, founded in 1982, has opened a new creative and technology center for 100 employees, designed by London-based architecture firm Bowman Riley. SportsShoes.com acquired an industrial facility next to its Shipley headquarters near Bradford in October 2022 for the purpose. The 1,000-sqm renovated production warehouse now houses the ...
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News briefsAnta Rus opens flagship store in Moscow
Anta Rus, the Russian distributor of Chinese sporting goods company Anta Sports, has launched a 360-sqm store in Moscow, which the company said is going to serve as the flagship for the brand on the local market. The outlet is the biggest mono-brand Anta store not only in Russia but ...
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News briefseBay launches a “certified by brand” program
eBay has announced the launch of a new “Certified by Brand” program for brands and buyers located in the US, partnering directly with brands to scale their presence in the secondary market. Through the program, new, certified pre-owned, limited-edition or exclusive-only-on-eBay inventory will be available. The move is designed to ...
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ArticleMichelin Soles expands to the US
JV International Srl, an Italian manufacturer of engineered soles and worldwide licensee of Michelin Soles, has expanded to the USA to further expand its global presence. Founded in 2013, the Italian company has already been able to strengthen its presence on two important continents for the development of footwear: Europe ...
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ArticleAdidas to sell Russian business
Adidas mulls selling its Russian business to another foreign investor or passing it to local management, Russian newspaper Kommersant reported, citing sources on the local market. One of the sources claimed that the eventual target is to relaunch the 100 most profitable stores, which have stood idle since October 2022. ...
