Latest Retail News & Analysis – Page 79
-
News briefs
Top JD managers get stock options
JD Sports Fashion has granted performance-based stock options to Peter Cowgill, executive chairman of the company, and Neil Greenhalgh, chief financial officer, under the company’s 2021 Long Term Incentive Plan. The options will become ordinarily vested in five years’ time, subject to the achievement of certain performance conditions. Cowgill got ...
-
News briefs
JD acquires control of a Greek retailer
JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...
-
ArticleSport 2000 is market leader in Austria for the first time
Presenting the results of a large nationwide study by the market research company Regio Plan. Holger Schwarting, CEO of Sport 2000 Austria, confirmed that his cooperative was able to secure market leadership in Austria for the first time in 2020 with a market share of 33.6 percent, followed by Intersport ...
-
News briefs
XXL adopts RFID tags
According to the British trade magazine Retail Technology, XXL ASA has begun to use RFID tags to track its inventory. With the help of a Scandinavian firm, Securitas, it has adopted Nedap’s iD Cloud platform throughout Norway and plans to roll it out to its 89 other megastores in various ...
-
News briefs
Oberalp Group plans to expand in Southern Europe
The Italian Oberalp Group intends to invest more in other Southern European markets in the coming years, according to SAZ. To this end, Marion Alexandre has been appointed to the new position as general manager for South Europe as of June 1, 2021. She is to be responsible for developing ...
-
News briefs
Snow Factory has a new CEO
According to CMDsport, Snow Factory has a new CEO in Álvaro Camín, former business director for EMEA and global sales director at Suunto. The appointment is intended to free up the Iberian distributor’s owners, Javier and Alejo Garriga, to strategize digital and operational growth. In September, Snow Factory also appointed ...
-
Article
Decathlon is making new environmental pledges for 2026
Decathlon says it has spent the past two years working with the United Nations’ Intergovernmental Panel on Climate Change (IPCC) to bring its design, production and distribution into line with the Paris Agreement on the earth’s climate. It says that its carbon intensity (tCO2e per euro) has declined by 10 ...
-
ArticleSome French employees strike over pay at Decathlon
The CFDT called on Decathlon’s employees to go on a national strike in France on Saturday, Oct. 16. The union, third largest by employee representation, is seeking to raise employee compensation in view of this year’s “record profits” at the French producer and retailer of sporting goods. According to a ...
-
News briefs
Hervis Team Run raises €100,000 for Austria’s Sports Aid
Hervis Sport, the Austrian sports retail chain, has raised a total of €100,000 for Österreichische Sportshilfe, an organization that helps breed international sports talents, with this year’s edition of its “Hervis Team Run.” Nine provincial teams and one celebrity team took part in the nationwide campaign, running for a total ...
-
News briefsFoot Locker to launch new proprietary apparel line
Foot Locker is launching a new clothing line called LCKR by Foot Locker that ”merges sneaker and sports culture with the heritage of Foot Locker to bring a new iteration of casual wear to the market.” The launch is supported by U.S. rapper and activist Gunna, the first promotional protagonist ...
-
News briefs
Poshmark boosts its sneaker authentication process by buying Suede One
Poshmark, a California-based marketplace for second-hand fashion products, has acquired a virtual sneaker authentication platform called Suede One. The price of the takeover was not disclosed. Founded in 2020, the latter is said to achieve 99 percent accuracy in recognizing popular models such as those of Jordan and Yeezy by ...
-
News briefs
Canada Goose opens pop-up in Manchester
Canada Goose has opened a pop-up location on New Cathedral Street in the English city of Manchester. The pop-up is hosting an installation for the senses called “Live in the Open,” with a storytelling platform, to urge “the community to connect with the world around outside;” an exhibition of photographs, ...
-
ArticleTwo new top managers for Intersport International
Christian Wille, a 43-year-old German citizen who holds a university degree in international finance, will take the place of Martin Künzi as chief financial officer of Intersport International Corp. (IIC) as of January 2022. He will join IIC’s executive management board at the same time as Mateja Jesenek, a 54-year-old ...
-
News briefs
Fabletics opens a first store outside the U.S.
Fabletics’ latest store is also, reports Fashion Network, its first one abroad. The U.S. brand has settled on Germany – one of the brand’s top markets, according to its managing director for Europe, Gerrit Müller – to begin its international expansion. The new store is located on the Kurfürstendamm, the ...
-
News briefs
Signa Sports United to launch AI-based virtual bike fitting engine
Signa Sports United (SSU), the German-based sports e-commerce platform that owns several websites for the sale of bicycles, has entered a strategic partnership with Motesque, a specialist startup for biomechanics, computer vision and AI, to launch what they claim will be the first biomechanical AI-based virtual bike fitting engine ...
-
News briefs
Stadium has launched its marketplace
Stadium, the leading Swedish sporting goods retailer, has launched a digital marketplace to give an opportunity to small and large companies to sell products to consumers, after holding discussions with some of suppliers over the past couple of years. The partners are in control of the pricing and deliver the ...
-
Article
Boohoo launches a marketplace for fashion and sports goods
The Boohoo Group, the British fast-fashion online retailer that bought the brand name and the e-commerce operations of the Debenhams department store chain in January, is using it now to launch what it claims will be the biggest national online marketplace for sporting goods as well as fashion, cosmetics and ...
-
ArticleAsos’ CEO quits in connection with a profit warning
The chief executive of Asos, Nick Beighton, is departing the U.K.-based online fashion retailer in a shock move as the company issued a profit warning, citing supply chain issues and rising costs combined with a slowdown in its growth. Asos is facing “notable cost headwinds” from inbound freight fees, wage ...
-
News briefs
A new sportswear show for consumers in the U.K.
Independent Exhibitions (INDX) is founding a quarterly trade show for the U.K. devoted to both flavors of sportswear, athleisure and performance, in all varieties of sport. The first edition of Sports & Leisure, curated by the buying group Associated Independent Stores (AIS), is scheduled for Dec. 1-2 at the Cranmore ...
-
News briefs
After 40 years in operation, Spain’s BM Sportech has a new CEO
José Maria Barcos Martínez, 67, is yielding control of the company he founded 40 years ago, BM Sportech, which still is a major distributor of sporting goods in Spain. His successor as CEO is a 21-year veteran of the company, Alberto Mastral, who will be joining a new executive board ...
