Latest Retail News & Analysis – Page 6
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News briefsKlarna increases payment flexibility with new features
The Swedish payment provider introduces new savings opportunities and rewards for loyal customers.
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News briefsGymshark opens its third store in the world’s largest mall
Gymshark’s latest store will be located on the first floor of the Dubai Mall.
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News briefsBillabong opens new store in Patagonia
It’s situated in the scenic town of San Martin de Los Andes.
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ArticleNorway’s largest sports retail chains recorded a 3.8% decline in sales in Q2
The reasons, according to the Norwegian Sports Industry Association, were a combination of the aftermath of the pandemic, increased costs and psychological factors.
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News briefsProtest expands in North America
The Dutch sportswear brand partners with Momentum Distribution to grow its presence across North America with versatile sportswear.
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News briefsBreuninger reportedly for sale
The iconic German department store chain is reportedly up for sale as part of a potential strategic shift in ownership.
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ArticleDesport returns Decathlon goods to Russian store shelves
The Russian company has reintroduced Decathlon products after rebuilding supply chains, maintaining competitive pricing and expanding its own brands.
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ArticleKizik expands global reach with new distribution deals
The Utah-based hands-free shoe brand announces new distribution agreements in Taiwan, Italy, and Southeast Asia, marking significant global growth.
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News briefsPacSun appoints new CFO to drive growth
The US retail clothing brand named Jimmy Buenrostro as new CFO, aiming to leverage his extensive retail finance experience to enhance strategic growth initiatives.
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ArticleIntersport Sweden CEO on new ownership: ‘We are profitable, taking market share, and have a good plan’
With a new ownership group comprising 110 people after private equity firm Adelis sold Interport Sweden, the company’s CEO is confident that the chain will go into the future with renewed energy.
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ArticleFirst Pre-Loved Fashion Week by eBay
eBay partners with CFDA and BFC for its inaugural Pre-Loved Fashion Week, featuring a shoppable runway and daily drops of curated designer fashion.
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ArticleFoot Locker to close or relocate stores due to declining results in Q2
With an operating loss of $9m in Q2, the chain plans to close or relocate stores. This includes the closure of all stores in Sweden, Norway, Denmark and South Korea and the discontinuation of e-commerce.
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News briefsFrasers Group expands into Australia and New Zealand
The expansion follows the acquisition of a significant stake in the Accent Group.
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News briefsKlarna cuts losses, adds 68,000 merchants
The payment and shopping platform significantly reduces losses and gains 68,000 new vendors, showing solid financial improvement and growing market presence.
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News briefsOn opens first Italian flagship
After accelerating in Q2, the Swiss brand is also expanding its retail footprint.
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News briefsSport 2000 partners with Running Industry Alliance
Sport 2000 will support RIA’s retail and brand members with learnings from international markets.
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News briefsTemu's parent PDD Holdings warns of slowing growth
Is the giant losing momentum? Although PDD Holdings, owner of online marketplace Temu, has reported rising income, company spokespersons warn about the future.
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
