Latest Retail News & Analysis – Page 64
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News briefsS&P affirms Foot Locker’s BB+ issuer credit rating
Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...
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News briefsSport 2000 Austria retailers voted ski rental partner of the year
For the third year in a row, the Austrian Sport 2000 retailers were honored as the best ski rental points in Austria, according to a study by the Austrian society for consumer studies (ÖGVS). The survey assessed, amongst other things, the courtesy of the staff, the consultation, the quality of ...
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News briefsRecord loss for Footway in Q1
After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at -71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK -12.8 million in the first quarter of the ...
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News briefs
Under Armour denies collaboration with Aldi in Spain
Under Armour has denied any collaboration with the Spanish stores of the discount supermarket chain Aldi on the distribution of a capsule collection, Modaes.es has reported. The information about the eight-piece collection, also mentioned last week in SGI Europe, had been supported by multiple sources. The sportswear company told Modaes.es ...
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ArticleNew Frasers Group CEO reorganizes leadership team
Michael Murray, the new CEO of Frasers Group, posted on LinkedIn on May 31 that five weeks into his tenure, part of his commitment is to “get the right people on board, to lead Frasers Group into the future and build on our solid foundations.” According to the posting (there ...
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News briefsAlibaba cracks mark of 1 billion Chinese consumers
For the last fiscal year, Alibaba reported a record 8,317 billion yuan renminbi (€1,160 billion) in global gross merchandise value. However, revenue in the quarter ended March 31, 2022, climbed only 9 percent year-on-year to RMB 204.1 billion (€28.5 billion). This is the slowest growth ever, which the company attributes ...
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News briefsNew HR and sustainability director at Stadium
Source: Stadium Ida Törneke, new HR and sustainability director at Stadium Ida Törneke will join Stadium, Sweden’s largest sports and sports fashion retail chain, as the new HR and sustainability director on Aug. 15, 2022. She has more than 15 years of experience in HR, the last ...
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News briefsSNS works with Bleckmann
The Swedish company SNS (Sneakersnstuff) has entered into a partnership with Dutch logistics company Bleckmann for all logistics handling in Europe. SNS was founded in 1999 and has worked on more than 200 cooperation projects with major footwear brands since 2003. The company started as a local store in the ...
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News briefsSchanner to distribute Bauer’s Prosharp in four European markets
After the Canadian hockey specialist Bauer Hockey acquired the Swedish company Prosharp AB, specializing in fully automatic grinding machines for skate blades, in August 2021, the company now announced that Schanner Eishockeyartikel GmbH + Co. KG will take over the distribution of Prosharp in Germany, Austria, Italy and Slovenia on ...
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News briefs
SaaS provider Stravito launches new market research tool for retailers
The Swedish software provider Stravito, based in Stockholm, has launched Atlas. This new AI-based market research program targets non-research teams across retail businesses, delivering insights and market data from the retail industry and digestible and ready-to-use images, charts and material for presentations. The new software-as-a-service tool promises easy navigation utilizing ...
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News briefs
Under Armour capsule collection available at Aldi Spain
The discount supermarket chain Aldi will be selling a capsule collection from the U.S. sportswear brand Under Armour in its Spanish stores. The collection comprises eight products, including both apparel and footwear, with prices ranging from €14.99 to €34.99. The products will be available at all the chain’s physical stores ...
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News briefsIntersport South East Europe opens new 25,000-sqm logistics center
Source: Fourlis Group New Intersport logistics center, southeast Europe The Intersport South East Europe subsidiary, based in Greece, has opened its new logistics center, run by Trade Logistics S.A. (both companies belonging to the Fourlis group). The new 25,000-square-meter facility in Oinofyta/Boeotia is a fully automated distribution ...
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News briefsVans opens new store in Milan
Vans has opened a three-story, 300-square-meter shop in Milan’s Via Orefici at the Orefici11 retail space, which also hosts brands like The North Face, Timberland and Napapijri. It is Vans’ 36th store in Italy and its fifth in Milan. Steve Van Doren, the son of Vans’ founder Paul Van Doren ...
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ArticleDeportes Cronos to expand Portuguese footprint
According to CMDsport, Deportes Cronos plans to open three stores in Portugal in the first half of the present year, bringing its total to six. And there are plans for more before the year is out, although how many remains unclear. The Spanish buying group is pursuing a policy that ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
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News briefsJD to open four stores in Andalusia
According to CMDsport, JD will be opening four stores in Andalusia over the next several weeks, raising its total doors in Spain to 88. The first of the four is scheduled for Seville on May 28, and the first store in Alcalá de Guadaira will follow on June 11. The ...
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ArticleGymshark FY profit up 47 percent, readies London store
Gymshark Group Ltd.’s net profit rose by 47 percent to £36.5 million (€41.4m) from £24.8 million for the 12 months ended July 31, 2021. Group revenues for the DTC-only brand increased by 68 percent to £401.9 million (€455.8m) from £260.7 million. Financial year operating profit slipped to 11.6 percent from ...
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News briefs
Pádel Nuestro wins Spain’s Internet Prize
Grupo Pádel Nuestro won one of Spain’s Internet Prizes (Premios de Internet) on May 17, also known in the country as Internet Day. Established in 1996 by Spain’s Association of Internet Users (Asociación de Usuaros de Internet), the award recognizes initiatives, persons or organizations that make good use of the ...
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News briefsBase Detall Sport to enter Portugal
Base Detall Sport is entering Portugal, according to CMDsport. The Spanish sporting goods purchasing group, founded in Barcelona in 1985 and a former member of Sport 2000 International, has signed a deal with Brands Leaders to clap its banner or that of Wanna Sneakers onto many of the latter’s Portuguese ...
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News briefsLacoste opens largest flagship store on Champs-Elysées
Lacoste opened a 1,600-square-meter store at 50 Champs-Elysées in Paris, at the corner of rue du Colisée, on May 20. The new retail space – dubbed Lacoste Arena – is the brand’s largest flagship store globally. Tennis takes center stage in the new store, alongside the brand’s collections for golf ...
