More retail news – Page 83
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Article
Germany’s anti-trust body clears Intersport’s new online business model
The online sales model of Intersport Germany’s shared online platform has been cleared by the German Cartel Office, or Bundeskartellamt. Noting that it is difficult for small retailers to compete on their own against major online retailers like Amazon and the brands’ online shops, the anti-trust body said it sees ...
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News briefs
Fanatics expands its PSG deal
Fanatics has signed a 10-year extension of its licensing contract with the leading Paris Saint-Germain football club in France. The relationship is being expanded to include e-commerce as well as broadened manufacturing, licensing and sub-licensing right, leading to an expanded range of products under the PSG label. The American licensed ...
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News briefs
Adidas’ global personnel director steps down
Karen Parkin has decided to leave Adidas after 23 years. She stepped down on June 30 as worldwide head of human resources and as a member of the executive board. A British citizen, Parkin was the only woman on Adidas’ management board. Her departure has been attributed to her failure ...
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Article
Two-thirds of Karstadt Sports’ stores face possible closures
Signa Retail is considering the shutdown of 20 of the 30 branches of the Karstadt Sports chain in Germany as part of a reorganization program intended to pull the chain’s parent company, Galeria Karstadt Kaufhof (Galeria) out of its current insolvency. Signa owns 100 percent of the shares in Galeria, ...
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News briefs
Munich’s oldest sports store will shut down
Regarded as a local institution, Sport Münzinger, the oldest sporting goods store in Munich, will close its doors at the end of this year. It was founded in 1904 on Munich’s central Marienplatz, after Hermann Münzinger served for 12 years as official supplier to the royal court of Bavaria. The ...
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ArticleAnalysis: Digital accelerates at Nike after a poor quarter
Nike has decided to accelerate the digital development of its “consumer-direct offence” program after suffering a 36 percent currency-neutral drop in group revenues for the fourth quarter of its financial year, ended May 31. The rate of decline would have been steeper without the fruits of its earlier investments in ...
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News briefs
Obuv Rossii starts selling bicycles
As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii, has begun selling bicycles, handling after-sale servicing in its own ...
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News briefs
Decathlon’s opening in Ireland is described as “hugely successful”
The opening of Decathlon’s first Irish store in Dublin has proved so successful that the company is already planning to create 25 new jobs, while also considering new openings in the cities of Cork and Galway. The Dublin store was inaugurated on June 13 and, according to a report in ...
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News briefs
Signa Sports United launches its online stores in Japan
Outfitter, one of the online retail chains of Signa Sports United (SSL), has launched its first online store in Japan in cooperation with Aeon. The two partners plan to add other online stores for two other properties of SSL, Tennis-Point and Probikeshop, in Japan next month. The Austrian-based Signa Retail ...
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News briefs
Decathlon Germany passes on VAT cuts directly to consumers
In view of the decision by the German government to reduce the value-added tax from 19 to 16 percent for certain products and from 7 to 5 percent for others from July 1, the sporting goods retailer and manufacturer Decathlon Germany declared that it will pass on the tax benefits ...
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News briefs
Kinnevik sells shares in improving Zalando
Kinnevik, which is Zalando’s biggest shareholder, has sold 10.6 million shares in Zalando to institutional investors, reducing its stake from 26 percent stake to 21.3 percent and taking advantage of a recent increase in the e-tailer’s share price. The announcement came just before Zalando said that it will post significantly ...
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News briefs
Three more markets for Zalando’s Connect Retail program
From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run until ...
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Short stops
Retail short stops
+++ Mizuno has opened a 200-square-meter shop in Turin, its first flagship store in Europe +++
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News briefs
Smith introduces new commissions and rebates in N. America
To give its retailers a shot in the arm after the economic slowdown of the Covid-19 pandemic, Smith Optics is investing $300,000 into sales incentive program in North America called “Committed to Retail.” From June 9 to Sept. 7, the helmet and eyewear brand owned by the Safilo Group will ...
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ArticleSport 2000 helps retail members through the corona crisis
The coronavirus crisis has shown that buying groups can perform some useful services for their members besides handling relations between retailers and their suppliers. While continuing to work on new store concepts, Sport 2000 International has been helping many of its retail members, who run 3,950 stores in 23 countries, ...
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News briefs
Vans opens its first store in Japan
Vans has inaugurated its first retail location in Japan, a three-story building in the Harajuku district of Tokyo. The first two floors are for footwear, apparel and accessories; and the third one for its skate collection. Three Japanese artists – Shigeki Matsuyama, Yutaka and Hirotton – were commissioned to produce ...
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ArticleDecathlon strikes a new B2B collaboration in Switzerland
Decathlon is open for new partnerships with other retailers anywhere, says a spokesman for the company, pointing out that such initiatives are taken by its managers at the national level. After working with some mass market retaiers in France, Belgium and the U.S., it has announced that it will start ...
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Article
Lululemon suffered less than its peers
Despite strong gains in e-commerce, store closures due to the Covid-19 pandemic weighed on Lululemon Athletica’s sales, affecting its quarterly performance and sending the vertically integrated yoga apparel maker’s sales down by about 7 percent. Financial analysts had anticipated that the company would book sales of nearly $700 million for ...
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ArticleDecathlon is entering Ireland
Decathlon is gearing up to open its first flagship store in the Republic of Ireland on Saturday, June 13, after testing the waters on the internet with a website since the end of 2017. Some 60,000 Irish customers are already connected online to its website. Reportedly, the Dublin store should ...
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News briefs
Responding to unrest in the U.S., Adidas pledges to make three investments
In reaction to the unrest in the U.S. over the death of George Floyd at the hands of police officers in Minneapolis, Minnesota, a group of black employees working for Adidas in the U.S. recently addressed a 32-page document, titled “Our State of Emergency,” to the company’s executives. According to ...
