Latest Retail News & Analysis – Page 51
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News briefsPressio launches in the U.S.
Pressio, a U.K.-based sustainable performance sports apparel label, has announced its launch into the U.S. marketplace. The brand exhibited its 2023 product collection for the first time in the U.S. at The Running Event in Austin, Texas, on Nov. 29-Dec. 1. Pressio was founded in 2021 by Jamie Hunt, a ...
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News briefsH&M to cut 1,500 jobs
Global fashion retailer H&M is reducing its workforce by about 1,500 positions as part of a cost savings and efficiency program. Overall, the Swedish company estimates the program will provide annual savings of about SEK 2 billion (€182.2m), which it expects to “become visible” in the second half of 2023. ...
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News briefsDeporvillage raises its sales projections
Black Friday, it seems, has augured better than the second quarter for Deporvillage, which has raised its projections for current-year annual sales to €157 million, according to CMDsport. This would be just shy of the record haul of 2021: €160 million. The week-long pre-Christmas promotion brought in more than 86,000 ...
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News briefsSwedish sportswear brand Aim’n to open flagship store in Stockholm
In early 2023, Swedish sportswear brand Aim’n will open a new, approximately 180-sqm flagship store at Kungsgatan 4 in Stockholm. Aim’n opened a pop-up store in the fall and is now investing in a permanent store in a retail building on Kungsgatan, a centrally located main street in the Norrmalm ...
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News briefsBase Detall Sport leans into fashion
Base Detall Sport has introduced a new store concept at the 300-sqm flagship it opened at Madrid’s Plenilunio mall on Nov. 22, according to Diffusion Sport. As things now stand, the group has ten stores in and around the Spanish capital and 276 Base and Wanna Sneakers stores on the ...
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News briefsSprinter opens another store in Spain
On Nov. 24, as planned, Sprinter opened its 203rd Spanish store, a 900-sqm affair at the Plaza Norte 2 mall in San Sebastián de los Reyes, on the outskirts of Madrid. As Diffusion Sport reports, this will not be the last new store of 2022. The company expects to open ...
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ArticleCurrency, inflation weigh on Zumiez results
Zumiez, the global specialty retailer, which sees Europe, Australia, and Canada as its biggest growth areas, suffered a 74 percent drop in operating income to $10.4 million from $39.8 million for the second quarter that ended Oct. 29. Ebit was $9.6 million versus $41.2 million in the year-ago period as ...
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News briefsUYN takes over distribution in Switzerland on April 1
As of April 1, 2023, sales of the Italian technical sportswear brand UYN in Switzerland and Liechtenstein will be organized directly through a UYN country subsidiary, Tre Distribution AG, as in the neighboring countries. Until March 31, 2023, Fuchs-Movesa AG will still accept pre-orders for the winter collection 23/24 and ...
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News briefs
The return of Fumarel’s physical stores
Spanish firm Fumarel, which specializes in technical sportswear, will open a physical store in Madrid’s Moraleja Green shopping mall on Nov. 30. Fumarel ceased activity in 2008. In 2017, Pedro Domecq, the son of the company’s founder, relaunched it online. The new 170-sqm shop in Madrid will be the company’s ...
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News briefsArket launches second-hand service
Arket, the sustainable Swedish retailer owned by H&M, has debuted its first resale service called Rearket. The pilot project (according to Arket) covers only the retailer’s own collections, from home furnishings and accessories to clothing for men, women and children. All products will be sold on commission and presented as ...
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News briefsHavaianas expands its flip flop ReCycle program in Asia
Havaianas has pledged to collect 10 percent of the total sold flip flops sold in its APAC locations by 2030, according to Inside Retail Asia Edition. Following on from its successful ReCycle initiative in Australia, launched in October 2021, Havaianas Asia Pacific is extending the initiative across APAC locations. In-store ...
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Case StudyWhy collaboration has been key to Helly Hansen’s growth
For the Norwegian clothing brand owned by Canadian retail company Canadian Tire since 2018, teaming up with other industry experts has been key to success.
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News briefsSport 2000 Austria recertified as Sport Leading Company, retailers honored with Victor awards
For the third time in a row, Sport 2000 Austria has been certified as a “Sport Leading Company,” one of the awards given by Sport Leading Certification, a company that is part of Austrian PP Sport Management GmbH, in cooperation with an institute for sports economics. Sport Leading Certification is ...
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News briefsOnline sales for China’s overall athletic footwear market down 22%, running footwear up 6%
According to NPD Group, e-commerce sales of athletic footwear in mainland China declined 22 percent year-on-year through August 2022. Running footwear, however, increased 6 percent and increased its market share from 19 percent to 23 percent. Sales of running shoes, which have high double-digit growth in the $90+ price range, ...
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News briefsGerman sports retailer association VDS elects new board
At the annual meeting of the Verband Deutscher Sportfachhandel e.V. (VDS) in Munich, the board of directors was unanimously elected, including two new members: President Stefan Herzog, Munich Jochen Schnell, Pforzheim (new) Katrin Hanel, Oschatz (new) Honorary president Werner Haizmann, Stuttgart Treasurer Harrison Kahlert, Hildesheim Mark Antonius Rothe, Berlin ...
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News briefsYouTube expands e-commerce features
YouTube is to introduce shopping features to its video feature “Shorts” service, according to Reuters. The streaming service is also testing new commission schemes for influencers who sell products through links in videos. The feature is initially being tested with eligible creators in the U.S. and will allow them to ...
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News briefsDecathlon to promote sports among the youngest in Spain’s Valencian Community
The Decathlon stores in Spain’s Valencian Community have teamed up with the Trinindad Alfonso Foundation to promote sports among the youngest in schools across the region. The Trinidad Alfonso Foundation is chaired by Juan Roig, the majority owner of the Spanish supermarket chain Mercadona. The Decathlon stores in the autonomous ...
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News briefsHohenstein invests €1.3 million in AI-startup Sizekick
Hohenstein, a German provider of textile testing and a founding member of Oeko-Tex, has invested €1.3 million in Sizekick, a Munich-based software-as-a-service (SaaS) startup founded in the summer of 2022. Hohenstein’s investment is intended to enable the product launch in 2023. Sizekick’s software is designed to help online shoppers find ...
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News briefsOn expands its resale program to apparel
Performance sportswear brand On has announced the expansion of its Onward resale program to include its apparel collection. Alongside On’s footwear offering, consumers will now be able to shop a wide assortment of pre-owned men’s and women’s performance apparel. The Onward program is powered by California-based Trove. Onward initially launched ...
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News briefsSport 2000 Austria grows in 2022, is cautious with future forecasts
The expansion of strategic focus areas and the further development of logistics and sustainability topics were the focus of the recent Sport 2000 Austria general meeting. For the calendar year 2022, Sport 2000 Austria continues to expect a sales increase of around nine percent. However, the board is cautious with ...
