More retail news – Page 67
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Case StudySSU will take over Wiggle and go public as the world’s leading sports e-tailer
Signa Sports United (SSU), the big international sports e-tailer based in Berlin, has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly-traded special purpose acquisition company (SPAC) based in Los Angeles, to finance the acquisition of Wiggle Chain Reaction Cycle, alias Wiggle CRC, a big U.K.-based bike ...
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News briefs
Decathlon France and Ibis Budget launch the Smart Sport Tour
Train Me, Decathlon’s coaching platform and the Ibis chain of low-cost hotels are launching the “Smart Sport Tour.” Starting on June 12, 52 Ibis Budget hotels in France will be proposing fitness sessions for free. These sessions will include easy exercises accessible to everyone. Decathlon fitness accessories will also be ...
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News briefs
New CEO for Decathlon USA
Christian Ollier, who has worked for Decathlon for 15 years, has been elevated to the position of CEO of Decathlon USA. He takes the place of another company veteran, Michel D’Humières, who is said to be moving to handle other projects inside the world’s largest sporting goods retail chain. Ollier ...
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News briefs
Online sales account for 17.3% of El Corte Inglès’ retail sales
El Corte Inglés, the leading Spanish department store chain, is a major factor in the country’s sporting goods market. The company reported a 19 percent decline to €10.52 billion in revenues from its retail business in the 2020 financial year, due to the Covid-19 pandemic. The drop would have been ...
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ArticleBike and sports e-tailer Bike24 plans to go public in 2021
In September 2019, The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from a big British cycling e-commerce operator, Wiggle CRC. The private equity company had sold the continental European cycling online platform to the British industry giant in 2017, but that ...
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News briefsPinterest brings shopping functions to France, Germany, Canada and Australia
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany later this year. Users will thus have the opportunity to buy products directly via pins, pinboards and ...
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News briefsEU modernizes VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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ArticleIntersport lays out a three-part strategy for Spain
Intersport Spain has set forth a strategic plan for the next three years, 2021-23, to bolster its brand and rejigger its inner workings.
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News briefs
Deporvillage to get a new HQ
Deporvillage plans to move its headquarters to new buildings in the Catalonian municipality of Sant Fruitós de Bages sometime late this year. There the staff, which recently came to exceed 100, will occupy 2,500 square meters of space. The Spanish e-tailer last expanded its office space in 2017, and has ...
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Article
Sales more than double at Blue Tomato’s parent
Exceeding the financial analysts’ projections, global sales jumped by 102.6 percent to $279.1 million in the first quarter ended May 1 for Zumiez, the U.S.-based action sports retailer whose assets include the physical and online shops of Blue Tomato in Europe. The strong performance led the company to post a ...
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News briefs
Sports retailers’ closures up by 84% year-on-year in Spain
Like in other countries, the pandemic has accelerated a reduction in the number of sporting goods stores in Spain, adding to factors such as the growing weight of e-commerce, the more selective distribution policies of the major sports brands and the general modernization of the trade. Some 372 sporting goods ...
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ArticleJD transfers Dutch chains to ISRG
JD Sports Fashion says it has agreed to sell two Dutch chains of sporting goods stores, Aktiesport and Perry Sport, to the Iberian Sports Retail Group (ISRG), in which it holds a controlling interest off 50.02 percent, for £16.5 million (€19.2m-$23.3m). The rationale behind the transaction, which is expected to ...
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Article
ANWR’s financial services offset declines at retail
The German-based ANWR Group, whose holdings include the Sport 2000 business in Germany, Switzerland and the Benelux countries, looks back on a challenging year in its annual report. Despite the difficult situation in the retail sector caused by the Covid-19 crisis, the operating result shows a slight increase to €17.8 ...
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News briefs
Snipes buys a Polish chain
Snipes, the German-based sneaker and streetwear retail chain owned by Deichmann, is expanding to Poland with the acquisition of Distance, a retail chain founded in 2003 that sells soùoamr products through 31 physical stores in the country and an online shop that can be accessed from 20 European countries. No ...
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A new sneaker subscription platform, KYX, has been launched
KYX World, a new sneaker subscription platform that features a “try-before-you-buy and non-committal sneaker access model,” was launched out of Los Angeles on June 1, starting with 900 subscribers. By subscribing to the platform, users can obtain “fresh sneakers” every month and to “wear them, and then choose to keep ...
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News briefs
Quiksilver presents 450 vintage pieces
Quiksilver is going to offer 450 unique unisex items from its archives for sale in a special pop-up area of the Citadium sports fashion store in central Paris between June 7 and 27. The colorful, authenticated vintage items come out of its collections dating from 1980 to 2000. They will ...
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News briefs
Foot Locker and Melody Ehsani launch inaugural collection
Foot Locker has announced the launch of an exclusive basketball-inspired capsule collection designed by Melody Ehsani, the new creative director of its women’s business. It will be the first of several capsule collections that the international sports retailer plans to drop this year. The collection highlights colors inspired by nature ...
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ArticleA drop of 9% at Sport 2000 International
Sport 2000 International reports a decline in the retail sales of its affiliated members of almost 9.0 percent in terms of euros to €4,326 million in 2020, due to the pandemic. The figure includes VAT and applies to the 3,615 stores managed by retailers in 22 countries by the end ...
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News briefs
German retailers seize the Constitutional Court over the lockdowns
A group of ten German retailers including Intersport, Engelhorn and Rose Bikes have sued the German federal government in the country’s Constitution Court over its strict anti-Covid lockdown regulations. The current measures prevent the opening of so-called “non-essential” retail stores, including sporting goods retail shops, in areas where more than ...
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News briefs
Hervis has a new CEO
Hervis Sport, the Austrian sports retail chain, has appointed Oliver Seda as its new CEO, effective Oct. 1. He takes over from Werner Weber, who will leave Hervis at the end of the year based on a transitional arrangement that began after the sudden departure of the previous CEO, Alfred ...
