Latest Retail News & Analysis – Page 52
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ArticleFoot Locker raises FY outlook, decides to exit some geographies
Citing better-than-expected third-quarter results, plans to further realign its brand portfolio and a strategy to move to 300 non-mall locations by 2024, Foot Locker today raised its full-year outlook. The retailer, which has decided to abandon a fourth quarter entry into Japan and exit joint ventures in Benelux and Eastern ...
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ArticleAlibaba’s operating income increases 68%
Alibaba experienced a 3 percent jump in revenues to 207.2 billion yuan renminbi (€28.1bn) from RMB 200.7 billion for the period ended Sept. 30. The increase occurred despite the Covid-19 resurgence in China that depressed consumer demand, currency volatility, higher logistics costs and slowing cross-border commerce. China sales fell by ...
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News briefsPeloton expands collaboration with Amazon in the U.K. and Germany
Peloton Interactive announced that it is expanding its collaboration with Amazon in the U.K. and Germany. Certain Peloton products and accessories are now available on the U.K. Amazon Store and will be available on German Amazon stores in the coming weeks. The shaken connected fitness company is expanding its sales ...
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News briefsRossignol launches new multi-brand mountain sports store concept
Rossignol Group has announced the opening of its “Start Gate” stores in Bex (Switzerland) and Bromont (Canada). The stores offer customers products from the group’s brands in a single location, alongside specialist technical and customization services. The group’s portfolio includes the brands Rossignol, Dynastar, Lange, Look, Kerma and Risport. The ...
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News briefsHurley is focusing on expansion
U.S. action sports brand Hurley is currently reporting sales growth of more than 50 percent through September 2022. The year kicked off for the brand, which was acquired by Bluestar Alliance from Nike in 2019, with the Hurley Pro Sunset Beach, the first competition it has sponsored in nearly three ...
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News briefsSport 2000 promotes Bert Verdijck to country manager Benelux
Bert Verdijck, manager of the Belgian operations of Sport 2000, will take over a newly created role as country manager Benelux for the buying group based in Mainhausen, Germany, by expanding his area or responsibility to include the Netherlands and Luxemburg. In this role, he reports directly to the Sport ...
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ArticleCreator-guided shopping platform LTK adds first Chief People Officer
Source: LTK Patricia Gonzales, the new CPO of LTK LTK, formerly rewardStyle, a global technology platform that connects creators, brands and shoppers to facilitate commerce online and through the LTK shopping app, has announced Patricia Gonzales as the company’s first chief people officer (CPO). LTK, which calls ...
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News briefsNew Klarna in-app search and compare tool as an alternative to Google and Amazon
Klarna launched a new “rich and unbiased search and compare tool” in the Klarna App in the U.S. last month and is now expanding it to the U.K., Sweden and Denmark. The tool compares prices from thousands of retailers. In addition, consumers can filter their search by criteria that matter ...
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ArticlePuma and Foot Locker expand partnership with special collabs for next-gen customers
Following Adidas’ increased collaboration with the retailer after Nike’s gradual exit from Foot Locker earlier this year, Puma is now also massively stepping up its collaboration with the New York-based sports retailer with some promotions designed specifically for a younger demographic. The two companies announced an expanded partnership, highlighted by ...
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News briefsFusalp to open first Spanish store
High-end skiwear brand Fusalp is set to open a store in Madrid, the brand’s first in Spain, Palco 23 has reported. The store will be located at 88 calle Claudio Coello, in the Salamanca district, one of the wealthiest areas in Spain’s capital city and a major shopping district. Fusalp ...
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C-Suite InterviewHummel’s hybrid recipe with a wholesale bias drives sustainable success
Hummel has reached 2B DKK revenue. We sat down with their CEO Allan Vad Nielsen to talk about the success strategy.
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News briefsDanish orthopedics specialist KSO joins Running Experts Europe
Source: SPORT 2000 From left to right: Jannich Hammer Marker, COO KSO, Jörg Seifert, Head of Division Running SPORT 2000, Jan Steinicke, CEO KSO. Danish running and orthopedics specialist Kaiser Sport & Orthopaedi (KSO) has become part of Running Experts Europe, the network of running specialty retailers ...
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News briefsHervis opens store in Saalfelden
Following its major revitalization offensive at the beginning of the year, Hervis has launched a new opening in Austria just in time for the start of the winter business. Equipped with the latest store concept, the Hervis store in Saalfelden opened its doors on Oct. 27 with an area of ...
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News briefsFirst Under Armour store in southern Italy
Oberalp, the exclusive distributor of Under Armour in Italy, has opened an Under Armour store in Catania, Sicily, the first of the American brand in southern Italy. The new 120-square-meter store is located inside the Centro Sicilia shopping mall. The recent opening brings the number of Under Armour stores operated ...
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News briefseBay’s sales continue to decline
eBay has posted another revenue decline in Q3, which was marked by inflation and economic worries. In the quarter ended September 30, revenues fell five percent year-on-year to $2.4 billion. Adjusted income fell seven percent to $552 million. eBay has been struggling since the pandemic online order boom came to ...
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News briefsH&M’s Arket opens flagship in Paris
The first French flagship store of Arket, H&M’s “one-stop destination for sustainable fashion for women, men and children,” opens Nov. 4 in a sleek Scandinavian design at 13 Rue des Archives, Le Marais, in Paris. The store covers 400 square meters on two floors and overlooks a courtyard with a ...
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ArticleDecathlon Germany launches new buyback service
Decathlon Germany is launching a used-product “Buy Back” service in select cities. For the first time, the sporting goods manufacturer and retailer is buying back used sports products and returning them to second-use sales after successfully inspecting and/or repairing them. Customers who sell their products to Decathlon receive either a ...
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News briefsAliExpress launches 11.11 global shopping festival with longest sales period ever
AliExpress, the global online retail marketplace owned by Alibaba Group, officially kicked off its 2022 11.11 Global Shopping Festival on Oct. 31 under the theme “Deals & Fun. Always Better Together” – a full two weeks earlier than previous years and running throughout November. For all orders in Spain, France, ...
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News briefsDeporvillage installs solar panels at its new headquarters
Sports e-tailer Deporvillage has completed the installation of 286 solar panels on the roof of its new offices in Sant Fruitós de Bages (Barcelona). The company moved to its new 2,600-square-meter headquarters, from the previous one in Manresa, earlier this year, as also reported by SGI Europe at the time. ...
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News briefsKappa opens first Latin American store
Kappa has entered the Latin American retail scene starting from Colombia, with its first store in Bogotà. It was opened in partnership with the Pernine group and is located on the second floor of the La Colina shopping mall. Three more Kappa stores are reportedly expected to open in Colombia ...
