Latest Retail News & Analysis – Page 54
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News briefsJD Sports acquires another 18% in Deporvillage, how holding 98% of the online retailer
Following the group’s announcement in June 2021, JD Sports Fashion announced that Iberian Sports Retail Group (ISRG; the group’s existing 50.02 percent intermediate holding company in Spain) has acquired an additional 18 percent holding in the issued shares of Deporvillage from co-founders Xavier Pladellorens and Àngel Corcuera for a cash ...
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News briefsDecathlon Gemany expanding its Schwetzingen logistics site
Decathlon Germany is expanding its logistics site in Schwetzingen by 12,500 sqm. The new “Hall 0” will house a new mechanization concept intended to accelerate logistics processes and shipping volumes and is set to open in mid-2023. Schwetzingen is one of four Decathlon campus locations in Germany and is responsible ...
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News briefsSports Direct could move to new headquarters
Frasers Group, the parent company of Sports Direct, is “exploring options” for a new Sports Direct site, the BBC website has reported. The move would be part of a long-term plan for a massive development on the edge of Coventry, West Midlands, that Frasers has recently outlined, allowing the group ...
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News briefsNike steps up fight against bots and resellers
Nike continues to fight against resellers and is currently specifically targeting punishing buyers who use shopping bots to manipulate the market. The Wall Street Journal first reported earlier this week on the company’s change to its U.S. online sales policy, which tightens existing anti-resell terms. It now states that orders ...
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News briefsAtmósfera Sport looking to top its record-breaking 2021
Atmósfera Sport is projecting 30 percent revenue growth for the current year, finance director Paco Zaragoza tells Diffusion Sport. The rosy news follows what was already the retail buying group’s best year ever in 2021. Álvaro Llorens, director of e-commerce and digital marketing, credits a tripling of digital sales – ...
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News briefsAdidas opens flagship in Barcelona
At 2,200 square meters, Adidas’ new store in Barcelona is also its largest store in Spain, according to CMDsport. The brand’s other Spanish flagship is in Madrid. It operates seven shop-in-shops and 13 outlets as well.
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News briefsMySale recommends shareholders accept Frasers buyout offer
MySale has recommended its shareholders accept Frasers Group’s offer to buy the stake in the online shopping group it does not already own, despite maintaining their belief that the bid price undervalues the company. Frasers has offered 2 pence in cash per remaining MySale share. The Australian fashion group said ...
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News briefsJD Sports CFO Neil Greenhalgh to step down in 2023
Neil Greenhalgh, chief financial officer of U.K.-based JD Sports Fashion Plc has informed the company board of his intention to step down from his role as CFO next year. According to a company release, a nominations committee led by Andy Higginson will commence a process to recruit a successor. Greenhalgh ...
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News briefsDecathlon Belgium temporarily becomes "Nolhtaced"
Source: @DecathlonBe on Instagram Decathlon Belgium is changing its name to “Nolhtaced” (written backwards) for the next month. The move comes as part of a marketing and sustainability drive to promote “reverse shopping,” the retailer explained in a press release. Decathlon buys, repairs and resells second-hand products ...
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News briefsSprinter opens new stores in mainland Spain and the Canary Islands
Sprinter has just inaugurated a 925-square-meter store at the Atalaya del Tormes shopping mall in Salamanca and will soon open a new 750-square-meter store in Alicante on Oct. 20. More openings are planned in the Spanish island of Lanzarote, in the Canary Islands, for November, as well as in Pontevedra, ...
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News briefsSport 2000: first annual meeting of Absolute Teamsport retailers
In late September, all 21 partners currently running a Sport 2000 Absolute Teamsport concept store gathered for the first time for an interchange of experience. The meeting of retailers from six countries took place in Antwerp, Belgium, and was supported by the main partner brands for the retail concept, Nike, ...
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News briefsSport 2000’s Absolute Run expansion continues with 9th German store
Absolute Run Sport Pauli in Deggendorf in Southern Germany opened its doors on Oct. 6 as Sport 2000’s ninth German Absolute Run store. The existing 280-sqm store was completely remodeled for this purpose by owner Günter Pauli, a running specialist retailer for 30 years. A 20-meter-long running track now stretches ...
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News briefsVuori to enter Asia
U.S. performance apparel brand Vuori, founded in 2015, announced plans to expand into three new Asian markets following this year’s successful entry into Australia and other international markets. According to Retail In Asia, the activewear brand plans to open dedicated e-commerce regions in Hong Kong and Singapore with the brand’s ...
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News briefsHervis launches new mobile app in six European markets
The Austria-based international retailer Hervis has launched a new mobile app that integrates the former Hervis SportsClub (a card-based-only membership tool). The app links the Hervis stores with the digital Hervis world and integrates the online store, making the complete shop assortment available. Further features such as the interactive store ...
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News briefsFirst Decathlon Contact opens in Roubaix
Decathlon is testing a new store format called Decathlon Contact in the French city of Roubaix. The store, located 100 meters from the Roubaix Grand Place metro station, was opened on Oct. 5. Similar to the Decathlon City concept, which is also designed for city centers, Decathlon Contact stores have ...
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News briefsi-Run raises €100 million from group of investors
i-Run, a French online and offline retailer specializing in running apparel and shoes, has reached an agreement with a group of long-term investors led by Geneo Capital Entrepreneur in a deal worth a total of around €100 million. This equity investment is meant to allow i-Run to enter a new ...
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News briefsBlue Tomato expands in Norway
Blue Tomato has opened a second Norwegian store, after the one in Oslo, in the city of Trondheim. A third is due to follow in Bergen, and there are plans for a store in Rovaniemi, Finland, as well. “Trondheim is located at the center of retail in central Norway and ...
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![Hervis-Geschäftsführer Oliver Seda überreicht Scheck an Sporthilfe-Präsidentin Susanne Riess-Hahn (c) GEPA,Sporthilfe[49]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/5/5/3/19553_hervisgeschftsfhreroliversedaberreichtscheckansporthilfeprsidentinsusanneriesshahncgepasporthilfe49_269624_crop.jpg)
News briefsHervis gets Austrians moving
The Austrian sports specialty chain Hervis, which operates more than 240 doors across six European countries, has donated €47,250 to Austrian Sports Aid that was raised by its “Hervis Team Run.” The initiative saw nearly 4,800 Austrians across the country’s nine states take to the roads or trails to “get ...
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News briefsPSG expands its retail partnership with Lids to Europe
Paris Saint-Germain (PSG) has announced that it is expanding its partnership with Lids Sports Group. The French football club will entrust Lids to oversee operations for the club’s European locations. The expansion follows the openings of the Fanatics and Lids-operated PSG permanent store in Los Angeles in 2021 and the ...
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News briefsPuma selects Secret Sales as its first U.K. marketplace partner
According to a post by Secret Sales owner Matthew Purt on LinkedIn, Puma has partnered with the U.K. marketplace to distribute surplus inventory and custom products. That means Puma can focus on full-price inventory on its own websites and other channels while having full control over its brand, offering and ...
