More retail news – Page 34
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ArticleZalando reappoints Schröder as COO, Freeman to leave company
Zalando’s supervisory board has reappointed David Schröder as chief operating officer. According to the company, he will continue to expand Zalando’s European multi-channel logistics network and develop new growth opportunities, such as helping partners increase their direct-to-consumer business across various channels. Chief business and product officer Jim Freeman is leaving ...
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News briefsBurton launches online rental program
Burton has announced a new online rental program for snowboards, boots, bindings and outerwear in the continental U.S. The rental model is aimed at short-term rentals, with gear shipped directly to the customers. Burton promises professionally cleaned and like-new condition equipment, shipped with the tools and hardware needed to set ...
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ArticleFrasers defies downturn to post rise in H1 profits
U.K. retailer Frasers Group has defied the economic downturn and revealed a jump in first-half sales and profits, driven by acquisitions, including the takeovers of Missguided and Studio Retail. The business, majority-owned by Mike Ashley, reported a 12.7 percent rise in revenues to £2.64 billion (€3.06bn) in the six months ...
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ArticleExperts share their retail insights and predictions for 2023 at ISPO
ISPO Munich 2022 provided plenty of expert insights into the state of retail as well as predictions for 2023. We summarize the key points.
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News briefsDecathlon integrates Resortecs disassembly technologies and launches ski jacket designed for recycling
Resortecs, the textile technology company, has announced that Decathlon is launching the first ski jacket to incorporate its Smart Stitch thread, in the retailer’s winter sport’s brand, Wedze. Resortecs has received a €2.5 million grant from the E.U. to accelerate the go-to-market of its heat-dissolvable and purportedly fully recyclable sewing ...
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ArticleThe crisis is shaping supply on the Russian sporting goods market
Western brands are increasingly withdrawing from the Russian market, while local brands are reportedly expanding their presence. Helly Hansen joins a long list of Western companies that have severed ties with the Russian market by selling its business to top local managers. Russian newspaper Vedomosti believes the value of the ...
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ArticleSportmaster unfolds plans to expand the range of Chinese sporting brands
Russia’s largest sporting goods retailer is looking for alternative suppliers to replace Western brands that have withdrawn from the Russian market. Urban Vibes, a chain owned by Sportmaster, plans to start importing a number of Chinese brands, including Li-Ning and 361, Russian newspaper Kommersant reported, citing sources close to the ...
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News briefsKeller Sports opens insolvency proceedings, business operations continue
The German Keller Group – umbrella company of Keller Sports, Keller X, Keller Premium and Keller Smiles – has filed for insolvency proceedings in self-administration at the Munich District Court, according to German trade magazine TextilWirtschaft. The main reasons cited are the supply chain crisis and the significant deterioration in ...
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News briefsXXL announces new group CEO
Norwegian sporting goods retailer XXL has announced the appointment of Freddy Sobin as the next group CEO. He is expected to join XXL by May 2023 at the latest. Stein Eriksen, currently serving as interim CEO, will return to his position as CFO when Sobin joins XXL next year. He ...
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News briefsDecathlon Germany expands emission-reduced delivery service
Following the successful launch of Buy Back, Decathlon Germany is expanding its next-day delivery with reduced CO2 emissions to additional cities. This involves the delivery of orders as early as the following day using electrically powered cargo bikes, which save CO2 compared to the usual means of transport, such as ...
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News briefsAlibaba launches new marketplace in Spain
Chinese e-commerce giant Alibaba launched a new marketplace called Miravia in Spain on Dec. 1. It connects brands and content creators with consumers. The platform offers fashion, beauty, food and lifestyle products. Earlier this year, Alibaba expanded its existing online marketplace Lazada to Europe, now Miravia was launched in addition. ...
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News briefsGerman World Cup dropout does not change Adidas’ revenue forecast
Adidas is sticking to its sales expectations for the World Cup in Qatar even after the German national team was eliminated from the tournament.
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News briefsNike stores in Russia reopen under new name
The first Nike store was re-opened in Russia under the banner “NSP” (Nike Sport Point) in the Belaya Dacha Outlet Village in Moscow. The store manager, Diana Tesnitskaya, told the news agency Ruptly that the store opened on the premises of the former one. “The goods are all the ...
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News briefsH&M to cut 1,500 jobs
Global fashion retailer H&M is reducing its workforce by about 1,500 positions as part of a cost savings and efficiency program. Overall, the Swedish company estimates the program will provide annual savings of about SEK 2 billion (€182.2m), which it expects to “become visible” in the second half of 2023. ...
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News briefsDeporvillage raises its sales projections
Black Friday, it seems, has augured better than the second quarter for Deporvillage, which has raised its projections for current-year annual sales to €157 million, according to CMDsport. This would be just shy of the record haul of 2021: €160 million. The week-long pre-Christmas promotion brought in more than 86,000 ...
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News briefsSwedish sportswear brand Aim’n to open flagship store in Stockholm
In early 2023, Swedish sportswear brand Aim’n will open a new, approximately 180-sqm flagship store at Kungsgatan 4 in Stockholm. Aim’n opened a pop-up store in the fall and is now investing in a permanent store in a retail building on Kungsgatan, a centrally located main street in the Norrmalm ...
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News briefsBase Detall Sport leans into fashion
Base Detall Sport has introduced a new store concept at the 300-sqm flagship it opened at Madrid’s Plenilunio mall on Nov. 22, according to Diffusion Sport. As things now stand, the group has ten stores in and around the Spanish capital and 276 Base and Wanna Sneakers stores on the ...
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News briefsSprinter opens another store in Spain
On Nov. 24, as planned, Sprinter opened its 203rd Spanish store, a 900-sqm affair at the Plaza Norte 2 mall in San Sebastián de los Reyes, on the outskirts of Madrid. As Diffusion Sport reports, this will not be the last new store of 2022. The company expects to open ...
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ArticleCurrency, inflation weigh on Zumiez results
Zumiez, the global specialty retailer, which sees Europe, Australia, and Canada as its biggest growth areas, suffered a 74 percent drop in operating income to $10.4 million from $39.8 million for the second quarter that ended Oct. 29. Ebit was $9.6 million versus $41.2 million in the year-ago period as ...
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News briefs
The return of Fumarel’s physical stores
Spanish firm Fumarel, which specializes in technical sportswear, will open a physical store in Madrid’s Moraleja Green shopping mall on Nov. 30. Fumarel ceased activity in 2008. In 2017, Pedro Domecq, the son of the company’s founder, relaunched it online. The new 170-sqm shop in Madrid will be the company’s ...
