More retail news – Page 112
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Article
Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
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Adidas placed a series of equity-neutral convertible bonds worth a...
Adidas placed a series of equity-neutral convertible bonds worth a total of €500 million on Sept. 5. The transaction was 2.7 times oversubscribed. The convertible bonds mature in five years with a coupon of 0.05 percent. The issue price was set at 104 percent of the nominal value of €200,000 ...
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Netshoes, the loss-making e-tailer of sporting goods based in Brazil...
Netshoes, the loss-making e-tailer of sporting goods based in Brazil (see our previous issue), has asked Goldman Sachs to help it find a new investor as its net cash position has fallen to €19 million and its current main owners, Tiger Management Corp. of the U.S. and Singapore's GIC Fund, ...
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The change in European leadership reported at the Adidas Group...
The change in European leadership reported at the Adidas Group last month has revealed several other changes, particularly the appointment of Markus Baumann as senior vice president in charge of global product operations for Adidas. Baumann has already been with the Adidas group for eleven years, the last three of ...
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Barcelona has reportedly been picked as the first European destination...
Barcelona has reportedly been picked as the first European destination for the Nike Live retail concept. Already inaugurated in Los Angeles, Nike Live is a concept that combines digital features with a unique physical environment. Europa Press reports that the Barcelona store will be located in a dedicated sports store ...
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Go Sport has started to offer a new customer service...
Go Sport has started to offer a new customer service on the internet. It has become possible for customers to book appointments with a personal shopper to advise them about their purchases or to get their bicycles repaired or to string their racquets. The French sporting goods retail chain is ...
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In the long term, the ANWR Group sees a total...
In the long term, the ANWR Group sees a total of up to 600 shoe retailers in Germany installing its “sneaker wall,” which features a standard selection of sneakers supplied by Nike, Adidas, Puma and Reebok. Their automatic replenishment is operated via SAP. More than 100 shoe retailers have adopted ...
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Fanatics, the American team sports retailer that is expanding internationally,...
Fanatics, the American team sports retailer that is expanding internationally, has signed a partnership with Chelsea FC to become the official global online retailer of the English Premier League club. Chelsea had been using a network of regional online stores operated by local distributors.
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Sport Master, the Danish sports retail group, is searching for...
Sport Master, the Danish sports retail group, is searching for a new managing director. Jens Høgsted, who held the job for about five years, has left the company. Formerly a buying group, Sport Master was acquired in 2012 by Nordic Capital, and it has about 100 stores around the country. ...
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The Eklöf family is strengthening its grip on Stadium, one...
The Eklöf family is strengthening its grip on Stadium, one of the leading Swedish sports retailers, by buying back the 26.8 percent stake that has been held since April 2005 by Ikano. This is a group of companies owned by the family of the late founder of Ikea, Ingvar Kamprad. ...
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Snipes, the German-based sneaker retailer, has picked e-sports as a...
Snipes, the German-based sneaker retailer, has picked e-sports as a marketing vehicle, leading to multiple investments over the summer. In July it became the official fashion retail supplier for the ESL, the global e-sports organization. They will jointly create a co-branded apparel range and Snipes will supply clothing for some ...
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Forum Sport is considering the launch of a more “experiential”...
Forum Sport is considering the launch of a more “experiential” store format, with a strong focus on omni-channel retailing, according to Diffusion Sport. The new format will be tested on a store of 3,000 square meters in Vitoria, which is being remodeled. It will start to operate again at the ...
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Short stops
Decathlon has a new downtown store in the center of...
Decathlon has a new downtown store in the center of Strasbourg, covering 2,500 square meters in the French city's Les Halles shopping center
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New Balance has opened a store at Maremagnum, a shopping...
New Balance has opened a store at Maremagnum, a shopping center located in Barcelona's harbor
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Munich, the Spanish brand of sneakers and football boots, has...
Munich, the Spanish brand of sneakers and football boots, has opened two more original stores in the Barcelona area
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After operating a temporary store at Dover Street Market since...
After operating a temporary store at Dover Street Market since January, Stüssy has opened a full-fledged, permanent store in the Soho district of the British capital, adding to its other European locations in Madrid, Milan and Amsterdam
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News briefs
The Adidas Group has appointed Mediacom, which is part of...
The Adidas Group has appointed Mediacom, which is part of the WPP group, for its global media business from September. The two hubs for the global business will be London for Adidas and New York City for Reebok, with Mediacom staff also positioned around key focus locations for the brands ...
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Adidas has announced the early renewal of its long-standing partnership...
Adidas has announced the early renewal of its long-standing partnership with the German Football Association (DFB) to 2026. The move was described as a demonstration of trust in the German football team, despite its defeat in the recent World Cup, and as a sign of support for the promotion of ...
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News briefs
Adidas has launched the Tango app for the football community,...
Adidas has launched the Tango app for the football community, and as a rallying point for participants in the Tango League, a grassroots football competition. The group said that the app became available on Sept. 3 in the U.S., the U.K., Germany, France and Spain, to help football enthusiasts ...
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News briefs
The third edition of the Bread & Butter by Zalando...
The third edition of the Bread & Butter by Zalando fashion festival in Berlin registered 35,000 visitors, 16 percent more than in the previous year. It ran from Aug. 31 to Sept. 2, and the marketing event organized by the online retailer was apparently sold out every day. The festival ...
