More retail news – Page 63
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ArticleIntersport grows by 32.2% in Q2
The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...
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Infographics & DataThe Norwegian Sports Retail Market
This interactive chart shows the largest norwegian sports retailers by revenue in NOK (2019 and 2020) as well as the total market size 2019, 2020 including market shares. This chart can be downloaded as JPG, PNG or PDF.
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Article
Sports Direct’s parent sees sales fall, new Covid restrictions likely
Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...
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Article
Ashley passing CEO role at Frasers to his daughter’s fiancée
Michael James Wallace Ashley, who founded the company now called Frasers Group in 1982 and owns 64 percent of its shares, is planning to hand over the position of CEO to Michael Murray on May 1, 2022, after the end of the company’s current financial year. A statement from the ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
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Article
Amazon’s sales growth is slowing down
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior-year quarter - a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding a $2.5 billion favorable impact from changes in ...
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News briefs
TAF in line for sales of $500m this year
Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...
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News briefs
Federal authority confirms re-transfer of shares to Intersport Austria
The relevant authorities have approved the terms for the planned transfer of the shares in the Intersport Austria cooperative from Intersport Germany to the retail members of the Austrian buying group. Technically, the shares will be sold to a newly founded company, Premiumsport Service, based at Intersport Austria’s headquarters in ...
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News briefs
Decathlon is the leader of the web in Spain
With 18.6 million average visits per month, Decathlon is the most visited online retail platform for sports and fashion products in Spain, according to data from SEMRush. The number of online monthly visits on its Spanish website jumped by 22.2 percent in the last year alone, because of the pandemic. ...
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Article
Sportmaster tests a Russian robot in its stores
Sportmaster, the leading sporting goods retailer in Russia, has successfully tested a prototype of a robotic merchandiser developed by a Russian scientific group, FIOP Rusnano. The tests were carried out by R2 Robotics, a startup belonging to the state-owned Rusnano Group. R2 Robotics’ robot merchandiser receives information to move around ...
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ArticleFoot Locker agrees to buy two chains in the U.S. and Japan
Foot Locker has announced two major acquisitions, one in the U.S. and the other one in Japan, where it is set to acquire Text Trading Company, which owns and licenses the upscale Atmos brand of sneakers and streetwear. It will be paying $360 million and an earnout for the Japanese ...
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News briefs
Decathlon opens its largest African store in Casablanca, opening it up to other brands
Decathlon has opened its 17th store in Morocco in the city of Casablanca. It is also the fourth Decathlon store in Casablanca alone and the French chain’s largest store on the African continent. The new 3,000-square-meter store sells clothing and equipment for more than 60 different sports. It features a ...
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News briefs
Twitter tests an e-commerce feature for brands
Twitter has announced that it is beginning to allow businesses to add a shopping section at the top of their profile page. The “Shop Module” pilot has started with a dozen brands in the U.S. By tapping a product, the consumer reaches a listing with the option of making a ...
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News briefsAquafil launches consumer e-shop for Econyl products
Aquafil is reaching out to consumers: the Italian yarn supplier has just launched an Econyl e-shop platform, where – for the first time – customers can buy a range of sports, lifestyle and fashion products made from the company’s regenerated nylon Econyl directly in one place. According to Aquafil, the ...
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News briefs
On opens a performance lab in London
On, the Swiss performance brand, has announced the opening of its London Performance Running Lab. The pop-up space, located at London’s Shoreditch’s Protein Studios, will be open to the public from Aug. 5 to Aug. 30. The technology-driven lab is designed to enrich the customer experience with the brand’s latest ...
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News briefs
Blenders Eyewear expands e-commerce to U.K. and Ireland
Blenders Eyewear, a fast-growing Californian lifestyle, surf and ski sunglasses brand in which Italy’s Safilo Group acquired a 70-percent stake in 2019, takes a further step in its growth and development projects to fuel international expansion outside the U.S. Following the go-live of the brand’s e-commerce platform in Canada and ...
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News briefsSmartwool appoints new sales and e-commerce executives
Jennifer McLaren, CEO of Denver-based merino specialist Smartwool, has named two new executives for the brand’s sales and e-commerce departments. Corey Stecker, previously international general manager of sales and marketing, was promoted to global head of sales. He has been with Smartwool since 2016. In his new role, he assumes ...
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News briefs
Decathlon Spain partners with eco-food retailer Veritas
Decathlon Spain has partnered with Veritas, a Spanish chain of ecologic food markets, to expand its food offering, most typically focused on food complements for sports. As part of the agreement, the Decathlon Rivas-Vaciamadrid store in the Madrid area will be selling eco-food products from Veritas in a dedicated shop-in-shop ...
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News briefs
Sport 2000 expands specialization strategy to BeNeLux
Having already successfully implemented its specialization strategy with the Laufprofis for running and the Sneaker Force for sneaker specialists in Germany, Sport 2000 GmbH is now extending the strategy to other European countries, starting in the Netherlands, Belgium and Luxembourg. The necessary structures are created under the leadership of Gunther ...
