Latest Retail News & Analysis – Page 50
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AnalysisThe world’s biggest sports retailers 2021
This exclusive, yearly statistic shows the revenue development of the 50 largest sports retailers worldwide.
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ArticleeBay U.K. partners with ACS to make second-hand items easier to access
eBay U.K. has announced a new partnership with the textile fulfillment company Advanced Clothing Solutions (ACS). U.K.-based ACS – now B Corp-certified – is an expert in reselling, cleaning and repairing garments to expand the online marketplace’s second-hand offering and reduce waste in the fashion industry. The announcement comes on ...
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News briefsJD Sports’ storefront in Oxford Street becomes an AR arcade game
JD Sports has transformed the facia of its flagship store in London’s Oxford Street into a free interactive claw grabber game using augmented reality (AR). The sporting goods retailer has launched the experience in partnership with Snap Inc., the tech company behind Snapchat. In order to play, shoppers scan the ...
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News briefsFusalp is expanding its retail presence
High-end skiwear brand Fusalp has recently opened new stores in New York and Zurich. The new flagship in New York, which opened its doors on Nov. 5, is located on Madison Avenue, next to a Givenchy boutique, and extends over 240 square meters. The new 150-sqm store in Zurich followed ...
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ArticleZalando reappoints Schröder as COO, Freeman to leave company
Zalando’s supervisory board has reappointed David Schröder as chief operating officer. According to the company, he will continue to expand Zalando’s European multi-channel logistics network and develop new growth opportunities, such as helping partners increase their direct-to-consumer business across various channels. Chief business and product officer Jim Freeman is leaving ...
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News briefsBurton launches online rental program
Burton has announced a new online rental program for snowboards, boots, bindings and outerwear in the continental U.S. The rental model is aimed at short-term rentals, with gear shipped directly to the customers. Burton promises professionally cleaned and like-new condition equipment, shipped with the tools and hardware needed to set ...
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ArticleFrasers defies downturn to post rise in H1 profits
U.K. retailer Frasers Group has defied the economic downturn and revealed a jump in first-half sales and profits, driven by acquisitions, including the takeovers of Missguided and Studio Retail. The business, majority-owned by Mike Ashley, reported a 12.7 percent rise in revenues to £2.64 billion (€3.06bn) in the six months ...
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ArticleExperts share their retail insights and predictions for 2023 at ISPO
ISPO Munich 2022 provided plenty of expert insights into the state of retail as well as predictions for 2023. We summarize the key points.
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News briefsDecathlon integrates Resortecs disassembly technologies and launches ski jacket designed for recycling
Resortecs, the textile technology company, has announced that Decathlon is launching the first ski jacket to incorporate its Smart Stitch thread, in the retailer’s winter sport’s brand, Wedze. Resortecs has received a €2.5 million grant from the E.U. to accelerate the go-to-market of its heat-dissolvable and purportedly fully recyclable sewing ...
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ArticleThe crisis is shaping supply on the Russian sporting goods market
Western brands are increasingly withdrawing from the Russian market, while local brands are reportedly expanding their presence. Helly Hansen joins a long list of Western companies that have severed ties with the Russian market by selling its business to top local managers. Russian newspaper Vedomosti believes the value of the ...
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ArticleSportmaster unfolds plans to expand the range of Chinese sporting brands
Russia’s largest sporting goods retailer is looking for alternative suppliers to replace Western brands that have withdrawn from the Russian market. Urban Vibes, a chain owned by Sportmaster, plans to start importing a number of Chinese brands, including Li-Ning and 361, Russian newspaper Kommersant reported, citing sources close to the ...
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News briefsUYN hires new distributor for Spain, Portugal
UYN (Unleash Your Nature) has hired Mega Sport to handle its distribution in Spain and Portugal. The distributor’s chief executive, David Vinyeta, told CMDsport that the Italian apparel brand for outdoor, running, cycling, yoga and other sports produced some 1,860 products last year at its 3,500-square-meter research center, Areas (Academy ...
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News briefsKeller Sports opens insolvency proceedings, business operations continue
The German Keller Group – umbrella company of Keller Sports, Keller X, Keller Premium and Keller Smiles – has filed for insolvency proceedings in self-administration at the Munich District Court, according to German trade magazine TextilWirtschaft. The main reasons cited are the supply chain crisis and the significant deterioration in ...
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News briefsXXL announces new group CEO
Norwegian sporting goods retailer XXL has announced the appointment of Freddy Sobin as the next group CEO. He is expected to join XXL by May 2023 at the latest. Stein Eriksen, currently serving as interim CEO, will return to his position as CFO when Sobin joins XXL next year. He ...
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News briefsDecathlon Germany expands emission-reduced delivery service
Following the successful launch of Buy Back, Decathlon Germany is expanding its next-day delivery with reduced CO2 emissions to additional cities. This involves the delivery of orders as early as the following day using electrically powered cargo bikes, which save CO2 compared to the usual means of transport, such as ...
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News briefsAlibaba launches new marketplace in Spain
Chinese e-commerce giant Alibaba launched a new marketplace called Miravia in Spain on Dec. 1. It connects brands and content creators with consumers. The platform offers fashion, beauty, food and lifestyle products. Earlier this year, Alibaba expanded its existing online marketplace Lazada to Europe, now Miravia was launched in addition. ...
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News briefsGerman World Cup dropout does not change Adidas’ revenue forecast
Adidas is sticking to its sales expectations for the World Cup in Qatar even after the German national team was eliminated from the tournament.
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News briefsUnion and Capita open new European sales hub in Milan
Union Binding Company and CAPiTA Snowboarding will be opening a new European sales hub in Milan, operational as of Jan. 1, 2023. Based in the business and university district of Bicocca, this office will be home to European and Italian sales and marketing management. It will also be a hub ...
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News briefsProtest Sportswear signs distribution partner for Canada and the U.S.
Dutch brand Protest Sportswear has signed a distribution agreement with Whiteland, a Canadian sportswear distributor headquartered in Montréal with warehouses in Montréal, New York State and California. The partnership will expand Protest’s reach in both the U.S. and Canada. As the Protest brand has been very successful both in the ...
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News briefsNike stores in Russia reopen under new name
The first Nike store was re-opened in Russia under the banner “NSP” (Nike Sport Point) in the Belaya Dacha Outlet Village in Moscow. The store manager, Diana Tesnitskaya, told the news agency Ruptly that the store opened on the premises of the former one. “The goods are all the ...
