Latest Retail News & Analysis – Page 56
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ArticleFanatics inks new deals with UEFA and ICC
Sports merchandise giant Fanatics has signed deals with UEFA and the International Cricket Council (ICC). UEFA and Fanatics have announced a long-term e-commerce, event retail and licensing deal, which the football governing body has described as “one of the most comprehensive sports merchandising partnerships in European football.” The national team ...
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News briefsMike Ashley stepping down at Frasers
Sports Direct founder Mike Ashley is renouncing the directorship of Frasers Group and will not be standing for re-election. He will therefore be stepping down at the end of his term, which coincides with the annual general meeting of Oct. 19. Ashley will nevertheless retain a majority stake, of about ...
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News briefsJD Sports Fashion reaches deals with its former executive chairman
JD Sports Fashion says that it has come to an agreement with its former executive chairman, Peter Cogwill, whom it obliged to step down in May after an internal review of its management. The U.K.’s Competition and Markets Authority (CMA) had fined JD for the illicit disclosure of “commercially sensitive ...
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News briefsAlibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
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News briefs
Lululemon expands in Spain
Lululemon is cramming its early moves in Spain into a short span of time, according to Diffusion Sport. The Canadian brand switched on its Spanish e-commerce site at the end of August, and followed that up in early September with the opening of its first own-store in Spain, on Paseo ...
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News briefsSales up by 22% at El Corte Inglés for FY 2021
El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million. Marta Álvarez, the Spanish retailer’s chairwoman, attributed this “return to ...
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News briefs
Sprinter opens two Iberian stores, plans seven more
At the start of this month Sprinter opened two new Iberian stores, in Alcantarilla and Andorra, according to Diffusion Sport. The first of these is the JD Group-owned retailer’s third store in the Spanish region of Murcia. It is also the smallest of the two, at 702 square meters, 504 ...
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ArticleCross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
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News briefsOn opens new global headquarters and flagship store
The Swiss company On opened its new campus and global headquarters named On Labs, located in Zurich and offering space for roughly 1,000 employees (to date filled with the On staff of 700). Also, part of the building with a total size of 15,000 sqm is Europe’s first On flagship ...
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News briefsDecathlon Italy joins forces with Leroy Merlin on World Cleanup Day
Decathlon Italy will team up with improvement and gardening retailer Leroy Merlin on the occasion of this year’s World Cleanup Day on Sep. 17. Employees from 130 of their stores will join forces with customers and other citizens on a series of initiatives organized by the two retailers across Italy ...
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News briefsNike debuts robotic system that cleans and repairs sneakers
Source: Nike Nike B.I.L.L. in action Nike has unveiled B.I.L.L. (Bot Initiated Longevity Lab), a robot-augmented system that is said to clean and repair shoes with selected customizations. By using advanced robotics, combined with old-school handcraft, water-based cleaning products and recycled polyester patches, B.I.L.L. is currently capable ...
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SponsoredEnhance customer experience with a workout-based loyalty solution
How Stready’s loyalty solution supercharges engagement, loyalty and data with a workout-based loyalty solution.
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C-Suite InterviewAn interview with Intersport’s new chairwoman
Intersport International’s new chairwoman, Corinne Gensollen, has granted an interview to sport-guide.com. She is the first woman to hold the post and has been replaced as general manager of Intersport France by Sylvain Darracq.
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News briefsInstagram changes e-commerce strategy step by step
Meta, the parent company of Instagram and Facebook, has announced another change to Instagram’s e-commerce options. According to an internal memo quoted by The Information, it plans to remove the platform’s “Shopping” page due to “shifts in company priorities.” Instagram plans to pivot toward a less personalized version of the ...
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News briefsCorinne Gensollen named new chair of Intersport International
Source: IIC Corinne Gensollen, Intersport International Corporation’s new chairwoman At its annual general meeting in Helsinki, the delegates of the national Intersport organizations voted for Intersport International Corporation’s (IIC) new board of management. Rick White was re-elected as an independent IIC board member from Canada. At the ...
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ArticleGymshark opens first brick-and-mortar store
Gymshark has announced it will open its previously announced flagship store on Regent Street in London on Oct. 1. This first-ever brick-and-mortar store for the British brand will span around 1,700 square meters and feature several other functions in addition to the sale of Gymshark products and apparel. For example, ...
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News briefs
Tecnosport to distribute Biody Xpert
Tecnosport has signed a deal to launch and serve as the exclusive distributor and vendor of Biody Xpert, according to CMDsport. Produced by the French company Aminogram, Biody Xpert is a portable, wireless device that measures body fat, the mineral content of bones, metabolic-protein mass, intra- and extracellular water levels, ...
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News briefsSaucony boosts its retail presence in Spain
Saucony, a brand of Wolverine Worldwide, is planning to open around 20 shop-in-shops at El Corte Inglés’ department stores across Spain between 2022 and 2023, Modaes has reported. Specifically, between ten and twelve will open in the fourth quarter of 2022, devoted to its Originals product line (fashion). Six or ...
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News briefsSkechers expects situation in China to ease
Skechers still sees the international market as key to its goal of reaching $10 billion in sales by 2026, despite ongoing headwinds in China. The company said at the Goldman Sachs Global Retailing Conference that it expects the situation in the People’s Republic to improve within two quarters. It will ...
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ArticleCanada Goose shows optimism about consumer demand
Canada Goose is optimistic that its fiscal 2023 income statement will not include any red figures, as its luxury consumer base remains relatively unfazed by the market’s current woes. At the Goldman Sachs Global Retailing Conference, the company said the North American market will remain very healthy in 2023, while ...
