Latest Retail News & Analysis – Page 70
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News briefsAustrian Post, Intersport and other retailers launch pilot project for reusable packaging
In a joint pilot project supervised by the University of Upper Austria and organized and managed with Austrian Post, five retail companies in Austria are using new types of reusable shipping packaging. Among the online retailers in the project is Intersport Austria. Four different types of packaging made of cardboard, ...
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News briefsFabletics to open 30 new stores in 2022
Fabletics has announced that it plans to open 30 new store locations in 2022. The new stores planned for this year will bring the brand’s global brick-and-mortar presence to more than 100 locations. The company has unveiled the first 18 new locations slated to open in 2022, all of which ...
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News briefsPentland goes direct for Speedo in Germany
Swimwear brand Speedo, part of Pentland Brands, which also owns the Berghaus, Canterbury of New Zealand, Endura, Ellesse, SeaVees and Mitre brands, has announced that it will return to a direct-to-retail business model in Germany. As one of the largest markets for swimwear in Europe – worth €486 million in ...
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News briefsSnipes with second major acquisition in the U.S. since December
Snipes continues its expansion in the U.S. with the acquisition of New England-based sneaker retailer Expressions, which operates 35 stores in Massachusetts, Connecticut and Rhode Island. Terms of the deal were not disclosed. Expressions was founded in 1989 as a fashion-oriented family business. In the years that followed, the company ...
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News briefs
Sprinter is set to open 25 new stores in Spain
The Spanish news service Palco23 reports that JD Group is planning to open 25 new Sprinter stores in Spain this year. Sprinter, which has been part of JD Group since 2011, is one of the main sports retailers in Spain, selling both international sports brands and private labels. Plans for ...
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News briefsDecathlon’s largest German store opens in Cologne
Source: Decathlon Germany Decathlon Cologne-Marsdorf The expansion of the Decathlon store in Cologne-Marsdorf, which first opened in 2017, to a total of 8,500 square meters (bigger than a football field) has been completed. The remodeling created new indoor test areas with, among other things, space for a ...
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News briefs
Atmósfera Sport enters France and Portugal
The Spanish news service Palco23 reports that the Spanish buying group Atmósfera Sport expects its sales to increase by 25 percent in 2022 after posting a 37 percent growth in 2021 compared to 2020. The growth in sporting goods is supported by omnichannel, digitization and international expansion. According to the ...
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ArticleSigna Sports United grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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News briefsCraft and Speedo end distribution partnership
After almost 15 years of successful sales of the Speedo brand in Scandinavia, Craft of Scandinavia AB and Speedo have ended their distribution partnership, with Speedo announcing a new distributor for the market. Craft says the move allows it to focus fully on its own brand, which has shown strong ...
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News briefseBay celebrates the women behind sneakers with Trailblazers Collection
eBay has announced the Trailblazers Collection, an exclusive drop that highlights sneakers designed or inspired by the industry’s most influential women. Kicking off Women’s History Month, this one-of-a-kind event on the U.S. eBay website combines some extraordinary styles with impressive backstories and celebrates the undeniable influence of women on sneaker ...
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News briefsNike temporarily halts e-commerce in Russia
As reported by the Portland Business Journal, Nike has temporarily halted sales through its Russian website and app, stating that the company “cannot guarantee delivery of goods to customers in Russia.” The news came after major logistics companies such as UPS and FedEx announced they would temporarily suspend their services ...
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News briefs
German retail supply bottlenecks worsen in February
According to a survey by the research institute Ifo, supply problems in German retail have worsened again in February. In February, 76.3 percent of overall retailers said they did not receive all the goods they ordered. A month earlier, the figure was 57.1 percent. Among retailers selling clothing, 52.6 percent ...
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ArticleFoot Locker shares take hit on waning Nike product assortment
Foot Locker’s share price fell by $12.30, or 29.7 percent, on Friday after the retailer told investors that its allocation of key Nike products would decline this year to no more than 55 percent of its overall merchandise assortment by the fourth quarter, adding that its 2022 outlook will fall ...
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News briefsTherabody plans to expand brick-and-mortar presence
Therabody, the digitally native specialist in wellness technology, has announced plans to open six new standalone retail locations across the U.S. in 2022. Three opened in January, including White Plains in New York state, Caesars in Las Vegas, and Santa Monica, California. Three more are expected to open soon in ...
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News briefsABG partners with New Guards for Reebok in Europe
Authentic Brands Group (ABG) has appointed Milan-based luxury fashion manufacturing and distribution holding company New Guards Group as its operating partner for the Reebok brand in Europe. Under the agreement, New Guards, which is owned by U.K.-based international e-commerce company Farfetch Limited, will operate retail stores and e-commerce for the ...
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News briefsGo Sport has a new GM
Hermione People & Brands (HPB) has announced the appointment of Benoît Verdier as the new general manager of Go Sport, with immediate effect. He will report to Wilhelm Hubner and Samuel Alimi, respectively the president and vice-president of HPB. Verdier has more than 15 years of experience in the retail ...
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News briefsNew sales manager for Arena Germany and Austria
Source: Arena Oliver Pfaff Italian swimwear specialist Arena has hired Oliver Pfaff as sales manager for Germany and Austria. Pfaff comes to Arena with a broad range of experience: For the last three years, he was head of key account management for the eyewear brand Marcolin; before ...
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ArticleKlarna drives global expansion with launch of rewards program and Pay Now in nine new markets
Klarna, the global retail banking, payment and shopping service hailing from Sweden, is expanding two of its fastest-growing products internationally. With the global growth of Klarna’s rewards program and Pay Now payment method, the fintech company aims to become the go-to destination for every type of purchase while rewarding consumers ...
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ArticleAliExpress sees global growth in demand for ski equipment thanks to Beijing Games
Retail News Asia has released new sales data from AliExpress, the online retail platform founded in 2010 and part of the Alibaba Group that enables small businesses in China and other countries to offer international products to online shoppers. The data shows growing demand for winter sports products, which AliExpress ...
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News briefsJD raises its profit forecast
JD Sports Fashion indicated a few days ago that it expects to report pre-tax earnings of at least £900 million (€1,074m) for the financial year ended Jan. 29, up from previous guidance of £750 million given in September and £810 million on Jan. 12. On the other hand, the international ...
