Latest Retail News & Analysis – Page 92
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News briefs
Decathlon plans to work with more online marketplaces in Russia
Decathlon is set to begin selling sporting goods through several online marketplaces in Russia as part of an expansion of its online sales activities, according to the local Retail news service, which quoted Julia Goroshenya, development director of Decathlon in Russia. Decathlon has already worked successfully with Russia’s second-largest online ...
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News briefs
JD Sports partners with an e-sports firm in Italy
JD Sports and Qlash, an e-sports organization, have announced a new year-long partnership for 2021 that allows JD Sports to be part of the Italian e-sports scene. Under the terms of the deal, the two companies will use their physical locations to “exchange” visibility and exposure. JD Sports will rely ...
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Article
Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market
Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they reached ...
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News briefs
Echelon Fitness expands into France and Germany
Echelon Fitness, the American producer of connected bikes, treadmills, rowers and fitness mirrors, is launching Echelon Fit France and Echelon Fit Germany this month. Patterning them after its business in the U.S., the new entities will be producing live and on-demand coaching programs in each country’s language and at studios ...
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News briefs
First Canadian JD store may open in the second half
JD Sports Fashion is reportedly planning to open its first JD Sports store in Canada in the second half of this year. Like it did in the U.S. with the acquisition of The Finish Line, it would utilize the platform of Onepointfive Ventures, a company based in Vancouver that it ...
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News briefs
Saucony takes charge of its Iberian distribution
Saucony is taking charge of its own distribution on the Iberian Peninsula through a new subsidiary. For the past couple of decades the Wolverine-owned brand has relied on a company called Deerfoot Sport for its business in Spain, Portugal and Andorra. The new subsidiary will be headed up by Gerónimo ...
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Infographics & DataEarnings - Q4 2020 and FY 2020 Results Adidas
This earnings briefing includes the highlights of the Q4 results and FY 2020 from Adidas.
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ArticleSlinger Bag nearing 40-country distribution
Slinger Bag, which launched its signature product as recently as the spring of last year, has introduced its combination ball launcher and tennis bag in about 37 countries so far, and it is now planning to introduce similar launchers for pickleball and pádel at some point this year and developing ...
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Article
Decathlon expands in Austria and Germany, will enter Andorra
Decathlon, which is already by far the biggest sports retailer in France and Spain, is reportedly planning to open its first store in Andorra, the small independent enclave between the two countries, after strenuous efforts made since the local legislation relaxed the rules for foreign investment in 2012. It was ...
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News briefs
Polygiene's new Iberian distributor
This month Polygiene will begin dealing with the distributor Ravago Chemicals in Spain and Portugal. Ravago Chemicals delivers chemical materials and specialty additives to about 15,000 customers.
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Infographics & DataInfographic Adidas - Improving Business Mix
This infographic shows gross margin improvement from Adidas from 48,3% in 2015 to expected ~52% in 2021. It also shows how Adidas is planning to increase the gross margin further to 53% to 55% by 2025.
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News briefs
Sporthaus Saemann in Germany closes down for good
Hopes for a reorganization of the insolvent German retailer Sporthaus Saemann in Heilbronn have finally been dashed, leading to the closure of its large Intersport Profimarkt, three golf stores and an innovative Saemann Sportkultur store in the city center. In a statement, the insolvency administrator, Lutz Lohmann, stated that “the ...
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Article
Go Sport is being sold to a financial investor
Rallye has announced that it has entered into exclusive negotiations with Financière Immobilière Bordelaise (FIB) for the sale of the entire share capital of the third-largest sporting goods retailer in France, Groupe Go Sport, for the symbolic price of one euro, without assumption of debt and without any representations or ...
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News briefs
Adidas launches third artist-designed women’s collection
Adidas has launched a third artist-designed line of sportswear for its Women in Power Collection. The two previous artists were Nini Sum of Shanghai and Jordan Moss of New York City. This time around it’s Egle Zvirblyte of London, who has drawn inspiration for her colors from high-intensity training. The ...
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ArticleAdidas unveils its business plan through 2025, expanding DTC
After releasing its results for 2020, Adidas introduced a new strategy at a virtual Investor & Media Day, dubbed ”Own the Game,” which it says aims to raise sales, market shares and profits by strengthening the “credibility” of the Adidas brand, by boosting the direct-to-consumer channel and creating a unique ...
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ArticleAdidas ends 2020 with a small plus and a positive outlook
The Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, total sales were down by 5 percent to €5,548 million ...
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News briefs
i-Run opens its first Parisian concept store
i-Run, a French online and offline retail chain specializing in running shoes, has opened its first concept store in Paris. The three-storey shop, called “The House of Running,” has a surface of 210 square meters (130 for the store alone) and is located at 10 rue du Plâtre, in the ...
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News briefs
Adidas campaign features a meter-long shoe
Adidas and the Estonian rapper Tommy Cash have designed a sneaker that exceeds one meter in length and promoted it through Cash’s Instagram channel, where it received 140,000 likes within a day. The idea to “make the longest shoes in the world” came from Cash himself and is a marketing ...
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News briefs
Shiner sets up a EU subsidiary in Rotterdam
Shiner, the U.K.-based distributor and licensee specializing in skateboards and other action sports equipment, has opened a subsidiary with a 2,300-square-meter logistic facility in Rotterdam, Shiner EU. The company cites a combination of “ambitious expansion plans” on the continent and the impact of Brexit on trading with the European Union ...
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Article
Nike is centralizing operations for the Nordics
Responding to an inquiry from SGI Europe, Nike has told us that it is centralizing its operations for the Nordic countries in Sweden, while working with fewer retailers in the region. The statement came after we were alerted by subscribers to the fact that the brand was closing down its ...
