Latest Retail News & Analysis – Page 67
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News briefs
AGB potential bidder for Ted Baker
According to SkyNews, the New York-based Authentic Brands Group (AGB), which owns brands like Reebok, David Beckham and Juicy Couture, is exploring a bid for the London-listed fashion brand Ted Baker, owner of hundreds of standalone stores and concessions globally, that is just restructuring its business after financial torrents in ...
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News briefsAbsolute Teamsport continues to expand internationally
Sport 2000 has opened three new stores as part of its Absolute Teamsport concept - two in the Netherlands and one in Austria. Source: Sport 2000 Absolute Teamsport Kuster, Austria The opening of the tenth Absolute Teamsport store took place in Rotterdam on April 12, 2022. ...
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News briefsIIC elects CEO of Intersport Finland to board of management
Source: Intersport Sami Kiiski, CEO Intersport Finland and Member of the IIC Board of Management The shareholders of Intersport International Corporation (IIC) have unanimously elected Sami Kiiski, CEO of Intersport Finland, to the IIC board of management during an extraordinary general meeting of the IIC shareholders. Kiiski ...
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News briefsJoma further expands its retail network in Spain
Joma, the Spanish sports clothing brand, has opened three new stores in Madrid, Catalonia and Galicia. The new Madrid store is located at the Sambil Outlet in Leganés, the largest shopping mall in the country. This opening brings the number of Joma stores in Spain’s capital city to four. The ...
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News briefsDecathlon introduces first urban dance collection
Decathlon has launched its first unisex collection in the urban dance category, under the brand name Starever, formerly Decathlon Dance. Starever gathers the Decathlon products for any type of dancing, including the four disciplines of urban dances, modern jazz dance, contemporary and ballet dances, and fitness dance. The company has ...
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News briefsFusalp to open its first U.S. stores
Fusalp, the French skiwear brand, will mark its 70th anniversary this year with the opening of its first U.S. store in November, in the ski resort town of Aspen. Later, in 2023, the company plans to open a store in New York. Fusalp was founded in 1952 in Annecy by ...
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News briefs
Li Ning updates first-quarter sales
At Li Ning, first-quarter same-store sales rose in the “low 20s” for the period ended March 31. By segment, sales in the retail channel were up in the “mid-20s,” up in the “low teens” for the wholesale (franchised distributors) segment; and e-commerce revenues improved “mid-30s” year-on-year. The company ended the ...
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News briefsReusch to distribute Speedo in Austria and Italy
Reusch International AG in Bolzano, Italy, will take over the distribution of the Speedo swimwear brand in Austria and Italy from the Oberalp Group, also based in Bolzano, as of Jan. 1, 2023. Reusch also distributes Deuter in Italy. The collaboration is another important milestone for the Italian glove specialist, ...
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News briefs
Padel Nuestro to open flagship near Murcia
According to CMDsport, Padel Nuestro will be inaugurating a flagship in Alcantarilla, which lies just outside Murcia in Spain and is home to the retailer’s headquarters. Pádel players, social-media influencers and other celebrities will be present for opening day sometime next month. Another flagship is to follow in Madrid. Padel ...
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News briefs
Under Armour appoints Indian distributor and plans e-commerce
Under Armour is moving from its current wholly-owned subsidiary to a distribution model in India, with plans to launch e-commerce operations and double-digit new brick-and-mortar store openings in the country by the end of 2022. Under Armour entered the market in 2019 and is now handing over the reins to ...
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News briefsSport 2000 offers running sales training for specialists and general retailers
With its new training format – “expert running consultancy,” a special training program for the sales staff of its running specialty stores and in the running section of generalist stores – the running division of the German Sport 2000 buying group seeks to instill a deeper insight into biomechanics, anatomy ...
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News briefsSouth African sportswear retailer Studio 88 Group acquired by Mr Price
Fashion and home goods retailer Mr Price, a publicly-traded company based in Durban, South Africa, announced that it is acquiring 70 percent of the shares in Studio 88 Group, a major retailer of sneakers and apparel from Nike, Adidas, Vans and many other sportswear brands in South Africa, for 3.3 ...
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News briefsIntersport Germany invests in fully automated, rebuilt and expanded central warehouse
The Intersport warehouse in Heilbronn, Germany, has reached its limits due to years of growth in product ranges, unit numbers, complexity and stock turnover. A massive investment in floor space and logistics software and hardware has significantly increased the purchasing community’s warehouse size: In addition to the existing building, a ...
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News briefsLululemon expands “Like New” resale program across U.S.
After launching its “Like New” pilot program last spring in 80 stores in California and Texas in collaboration with Trove, recognized industry experts in branded re-commerce, to support with resale technology and operations, Canadian athleisure brand Lululemon, which most recently expanded into the running and tennis markets, has expanded its ...
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News briefsDecathlon revises loyalty program
This month Decathlon is advertising its revised French loyalty program, Decat’Club, with a marketing campaign called “Coup de Projecteur,” which means something like “slide show” or “film showing.” Customers must sign up for a Decathlon account first, and any purchase made through the account will sign them up automatically for ...
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News briefsOutdoor retailer McTrek enables German fashion chain Adler to enter sporting goods segment
Germany’s Adler Modemärkte is cooperating with McTrek Retail GmbH to enter the outdoor product market with its more than 130 Adler stores in Germany, Austria, Luxembourg and Switzerland. Adler Modemärkte AG, a company that had been strong with private labels in the past, went into insolvency in 2021 and was ...
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News briefsNPD merges with IRI to create new global analytics and data provider
Information Resources, Inc. (IRI), a U.S.-based global company providing solutions and services for consumer, retail and media companies, and the market research firm NPD Group from New York, known as a provider of market information and advisory services in more than 20 industries, have signed a definitive agreement to merge ...
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News briefs
JD.com promotes Lei Xu to CEO
JD.com Inc. promoted Lei Xu to chief executive officer, succeeding Richard Liu. Xu, who most recently served as president at the Chinese tech and online retail company and thus already led its operations, will also join its board of directors. Liu founded JD.com in 2004. He will remain chairman of ...
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News briefs
PBG names Jeff Burkley Vice President
Progression Brands Group (PBG), a U.S.-based operator and distributor for several outdoor and winter sports brands, appointed sporting goods industry veteran Jeff Burkley to the newly created position of vice president. Reporting to CEO Ian Widmer, Burkley will be responsible for developing and leading commercial strategies across the company’s multi-brand ...
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News briefsSumitomo with brand realignment in North America
In a global alignment strategy, the sports business for Sumitomo Rubber Industries (SRI) will be affiliated under the Dunlop brand umbrella. Roger Cleveland Golf Company, which is SRI’s North American sales company, currently operating as Srixon/Cleveland Golf/XXIO, will now be doing business as Dunlop Sports Americas. Based in Kobe, Japan, ...
