More retail news – Page 124
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Alibaba posts better-than-expected results
The Alibaba Group reported better-than expected revenues for its first fiscal quarter ended June 30, thanks to a strong performance in China. Its total sales increased by 56 percent over the year-ago quarter to 50,180 million yuan (€6.4bn-7.5bn). The Thomson Reuters' consensus was RMB 47,700 million (€6.1bn-$7.2bn).The company's operating margin ...
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Adidas has completed the sale its CCM Hockey business to...
Adidas has completed the sale its CCM Hockey business to Birch Hill Equity Partners
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Adidas and Concepts, a progressive American streetwear retailer, a few...
Adidas and Concepts, a progressive American streetwear retailer, a few days ago launched a co-branded boutique at 73 Newbury Street, in downtown Boston. Featuring a minimalist design, the 1,500-square-foot store will offer trendy Adidas sneakers and performance shoes along with Concepts clothing. It will host art installations, DJs and other ...
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Australia's Super Retail Group will unify its two sporting goods...
Australia's Super Retail Group will unify its two sporting goods retail chains in the country, Amart and Rebel Sport, by rebranding all its Amart stores as Rebel by Oct. 31. The move is expected to result in synergies of 15 million Australian dollars (€10.1m-$12.0m) over the next two years. Together, ...
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Customers can sample a local craft beer while shopping at...
Customers can sample a local craft beer while shopping at the new Timberland specialty concept store. Called The Timberland Tree Lab, the store recently opened in the King of Prussia Mall in Pennsylvania, the second-largest shopping mall in the U.S. The experimental store features carefully curated collections and brand stories ...
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Oberalp is going to open the second Italian Under Armour...
Oberalp is going to open the second Italian Under Armour brand store in Milan next Sept. 14, covering 340 square meters on Piazza Gae Aulenti, close to Nike's relatively new Italian head office
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Adidas has announced that it is the new outfitter of...
Adidas has announced that it is the new outfitter of Laura Ludwig and Kira Walkenhorst. The duo of German beach volleyball players won the gold medal at the Rio Olympics in 2016. Adidas will be sponsoring them in view of the 2020 Olympics in Tokyo, and additional joint projects will ...
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Adidas charges ahead
While two leading rivals are cutting back and rejigging their organization, the Adidas Group continued to charge ahead with sharp gains in sales and adjusted operating profit for the second quarter, spread across all markets other than Russia.The group had already made it clear through an upgraded guidance last month ...
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Confirming its master franchising agreement with the Falaknaz Sports Group...
Confirming its master franchising agreement with the Falaknaz Sports Group for the Gulf States (SGI Europe, vol. 28 – 5+6 of Feb. 22), Sport 2000 International unveils a plan to establish 30 Sport 2000 stores in the region over the next five years – 11 in the United Arab Emirates, ...
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Zalando plans to open two large new fulfillment centers in...
Zalando plans to open two large new fulfillment centers in Italy and Poland later this year
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Foot Locker has launched e-commerce in Australia
Foot Locker has launched e-commerce in Australia
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Rip Curl has opened its web store in Indonesia...
Rip Curl has opened its web store in Indonesia
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News briefs
As predicted, Zalando's growth softened in the second quarter, rising...
As predicted, Zalando's growth softened in the second quarter, rising by 20.1 percent to €1.1 billion, but the company is hoping to hit the upper range of the forecast of 20 to 25 percent for the full financial year. The operating margin (Ebit) declined by 1.4 percentage points to 7.4 ...
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Adidas trails only the police for attractiveness as a future...
Adidas trails only the police for attractiveness as a future employer in the opinion of German students. In a recent survey on careers conducted with more than 20,000 students between the ages of 13 and 18, the sports brand was ranked first in the fashion industry and second overall out ...
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Replacing Adidas, New Balance has signed up Artur Boruc, goalkeeper...
Replacing Adidas, New Balance has signed up Artur Boruc, goalkeeper for the Bournemouth team and the Polish national team
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Article
Adidas raises guidance, sells CCM Hockey
The Adidas Group has again raised its guidance for the full year, after its sales increased by 20 percent to €5.0 billion for continuing operations in the second quarter, up by 19 percent in constant currencies, and operating profit surged by 18 percent to €505 million.The group issued preliminary figures ...
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Competing with Amazon, Zalando goes premium
Zalando, which is also a major client for sports apparel and footwear brands in Europe, suffered one of its worst days of trading in more than two years, with the share price dropping by 8.2 percent, as the German-based e-commerce giant reported an unexpectedly strong slowdown in its growth. In ...
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Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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Hardly a week goes by without a Decathlon store opening,...
Hardly a week goes by without a Decathlon store opening, and the latest batch includes its expansion in three relatively small markets. The French retailer opened a store in Maribor earlier this month, its second in Slovenia after Ljubljana last year. Another opening occurred in Romania, where Decathlon has been ...
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Textilwirtschaft reports that Decathlon intends to open a shop in...
Textilwirtschaft reports that Decathlon intends to open a shop in the basement of a C&A store in Düsseldorf before the end of the year. The store would cover about 2,000 square meters in the fashion apparel retailer's flagship store in the city. A spokesman told the newspaper that the partnership ...
