Latest Retail News & Analysis – Page 42
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News briefsJD.com to spin off industrial and real estate units
Inside Retail Asia reports that Chinese e-commerce company JD.com plans to spin off its real estate and industrial units and list them on the Hong Kong Stock Exchange. In 2017, the Beijing-based company spun off its logistics unit into a separate entity and then opened its delivery and warehousing services ...
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News briefsDecathlon U.K. launches rental scheme nationwide
Following a successful trial last year, Decathlon is now rolling out its sports rental scheme in all its stores across the U.K. The rental scheme includes bikes, tennis rackets, paddle boards and kayaks. The retailer has committed £1 million (€1.14m) worth of products to the scheme. Decathlon tested the scheme ...
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News briefsThe Athlete’s Foot appoints Beth Greenfield as lead merchandiser and buyer
Specialty footwear and lifestyle chain The Athlete’s Foot has announced industry veteran Beth Greenfield as its new lead merchandiser and buyer. Greenfield has over 25 years of experience in retail, buying and merchandising, working for brands like Champion, Puma, Footlocker, and Citi Trends. In her new role at The Athlete’s ...
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ArticleH&M increases pressure on EU with open letter on delayed REACH revision
Fashion giant H&M Group has sent a letter to EU authorities calling for more progressive chemicals legislation, particularly in relation to the upcoming revision of the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation. The paper contains three demands to improve chemicals policy in the European Union: An ambitious ...
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News briefsWolverine Worldwide announces change to Sweaty Betty reporting structure
Wolverine Worldwide has announced Sweaty Betty will now report to its London-based International Group, which is responsible for operations outside the U.S. Previously, Sweaty Betty was aligned with Wolverine’s Active Group but reported to Wolverine Worldwide president and CEO Brendan Hoffman. Sweaty Betty will now report to Isabel Soriano, president ...
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ArticleIntersport Austria continues to push the bike segment
Despite a moderate winter and partly mild temperatures, the winter business went well for Intersport Austria. In the first half of the fiscal year (Oct. 1, 2022 - March 31, 2023), the Austrian retail group reports sales of about €380 million, up 5 percent from the previous year. Among the ...
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News briefsIntersport Spain has a new country director
Ángel Solores will replace Xavier Alomar as the head of Intersport Spain, effective April 1. Alomar, who joined Intersport in 2019, is leaving the company to pursue other personal projects, Intersport said. Solores has long-standing experience in sports retail and consulting after running Probike for ten years and working for ...
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News briefsAlibaba continues global digital talent program with global conference
The Alibaba Group has continued its global digital talent (DGT) program, an initiative to promote academic exchanges and talent incubation for global digital transformation and inclusive development. The first hybrid conference since the pandemic brought together representatives of Alibaba’s global partner educational institutions, showcasing the learnings and achievements of the ...
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ArticleTokens here and everywhere
In a study it has recently released titled “Digital Assets Trends,” a company by the name of Reply has concluded that tokenization can be universal. In other words, just about anything can be turned into or paired with a digital asset on a blockchain. Over the past couple of years, ...
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News briefsAlibaba to be divided into 6 business units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision-making links and respond faster,” Daniel Zhang, chairman and chief executive, wrote in a letter to staff. The six units will ...
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News briefsSpanish group’s plans so far paying off
Base Detall Sport continues to pursue its triple plan of expansion, verticalization and digitalization, according to Diffusion Sport. The Spanish group has now converted most of its stores to the new corporate image, and post-conversion sales are up on average by 20 percent. As we reported last month, the group ...
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News briefsIOC launches first Olympic Collection apparel range
The International Olympic Committee (IOC) is introducing the first Olympic Collection apparel collection, including hoodies, sweatshirts and t-shirts. Each collection piece features the iconic Olympic rings, designed in 1913 to symbolize unity across continents, at the heart of its design. Each style also features bespoke design nods to the spirit ...
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ArticleGerman e-tailer SportFits with record year
The southern German e-commerce company Tourispo has grown rapidly for the fifth consecutive year with its SportFits online shop, recording sales of €18.6 million in fiscal 2012. Despite the difficult overall economic environment, the e-tailer was thus able to achieve growth of 55 percent year-on-year and record an increase in ...
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News briefsFútbol Emotion appoints former Adidas manager to chief teamsales officer
Fútbol Emotion, the Spanish sports equipment retailer specializing in football, has appointed Carlos García as chief team sales officer. He will lead the team sports sales department and a staff of 55 people. García spent 15 years at Adidas, most recently as senior manager sport specialist. He was previously a ...
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News briefsFirst Jordan-only store in Japan opens in Shibuya, Tokyo
Jordan World of Flight Shibuya opened in Tokyo on March 25. It is the first Jordan-only store in Japan. World of Flight is the brand’s “highest expression of basketball culture at retail.” The new 850-square-meter store in Shibuya sells Jordan Brand footwear and apparel products across men’s, women’s and kids. ...
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News briefsSecond expansion of ANWR Ordercenter O1 starts, to be opened next year
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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ArticleSurvey: Millennials will lead global e-com spending in 2023
The latest ESW Global Voices survey shows that more than a quarter of the age group known as Millennials plan to spend more of their money online this year in health & beauty, luxury, apparel & footwear and consumer electronics. The consumer survey by ESW, a DTC e-commerce company headquartered ...
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News briefsNew distributors announced for Red Bull Spect Eyewear
The Austrian eyewear company MPG has found a new distribution partner for its Red Bull Spect Eyewear. From 2023 onwards, Reusch International will take over the Italian sports channel, and Kubus Sports will be in charge of Benelux. MPG has a ten-year license with Red Bull, with the Red Bull ...
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News briefsInner city shopping mobility: HDE publishes location monitor
The German Retail Association HDE has published its latest field study on consumer mobility for city shopping, conducted in association with GfK in Germany. The “Standortmonitor” (location monitor) 2022 reveals consumer preferences for means of transport while shopping in city centers. According to the report, 63 percent ...
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News briefsAsics opens first store in Saudi Arabia
As previously reported, Asics is pursuing its retail expansion in the Gulf Cooperation Council (GCC) countries. The Japanese sports brand has just inaugurated a store in the Kingdom of Saudi Arabia (KSA) through a partnership between its local subsidiary Asics Arabia and Apparel Group. Asics’ first store in Saudi Arabia ...
