More retail news – Page 87
-
News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
-
News briefs
Decathlon sells fitness gear in supermarkets
Sporting goods stores are locked down in France and other countries, but supermarkets are not. While keeping warehouses open to service online orders in France and other countries, Decathlon has joined forces with Franprix, a French grocery store chain, in a test that can help people stay fit at home ...
-
Article
Zalando promotes sports products
While providing preliminary figures for the first quarter, Zalando announced the launch of a campaign to inspire customers to stay active at home during the coronavirus pandemic. Deployed under the hashtag #TogetherIAmStrong, it is described as its first remotely produced campaign. The German e-tailer says it has taken this initiative ...
-
News briefs
Adidas partners with Carbon to make face shields
As we reported at the time, Adidas began working in 2017 with an American 3D-printing start-up called Carbon to produce midsoles for the Futurecraft 4D model with a proprietary technique called Digital Light Synthesis (DLS). Now, to help with the Covid-19 pandemic, the two companies are using the same technique ...
-
ArticleIntersport Sweden gets protection from creditors
We have already reported about the recent bankruptcy and rescue of Gresvig, the former parent company of Intersport in Norway, and the more recent legal proceedings to save the parent company of Karstadt Sports in Germany. It’s now the turn of Intersport Sweden to seek protection from its creditors through ...
-
News briefs
Spanish retailers petition the government for rent relief
CMDsport reports that seven trade organizations – the Spanish Confederation of Commerce (CEC); the Spanish Association of Buying Groups (Anceco); the retail, service and restaurant associations Amicca, Comertia, Acotex and Eurelia; and the Spanish Federation of Home Appliance Merchants (Fece) – have submitted a formal letter to the Spanish government ...
-
News briefs
Adidas’ Covid-19 auction raises over 100k
A 10-day auction launched by Adidas France and called “Athlètes et Solidaires” – which translates roughly to “Athletes Pitching In” – came to close on April 14, having raised a total of €107,730 for the Hospitals of Paris - Hospitals of France Foundation to help deal with the Covid-19 pandemic. ...
-
ArticleAnalysis: What is happening with Covid-19 on the retail front?
The retail lockdown in Germany is estimated to have caused a drop of 60 percent at brick-and-mortar stores in the fashion sector in general in March, as compared to the same month a year ago, although they were open in the first few days of the month. The trend will ...
-
News briefs
Joe Nimble opens shop in Copenhagen
One of our reporters was at the opening last month of the first Joe Nimble running store in Copenhagen. Since the shop is free-standing, not in a mall, it was open at the time. The German brand of functional footwear has launched a new running shoe, called Toes Addict, the ...
-
Article
Zalando issues a profit warning, offers to help stores
Zalando has warned that its first-quarter results will not meet market expectations because of the impact of Covid-19. Meanwhile, the company is offering to waive commissions for participation in its Connected Retail program to German and Dutch retailers until May 31. The company will also postpone its annual general meeting, ...
-
Article
German suppliers fear that government aid is insufficient
On April 6, the German government announced a package of additional financial aid for small and medium-sized companies with 11 to 250 employees. The government will assume 100 percent of the credit risk on loans of up to €800,000 without an assessment of the risks, depending on the size of ...
-
Article
Interesting anti-virus action online
Provided that they have sufficient staff at their warehouses, brands are still able to sell products online that cannot be sold by retailers whose stores are closed because of national coronavirus lockdowns. In a nice gesture of solidarity, brands like Ortovox and Leki in Germany are giving a portion of ...
-
News briefs
Brooks offers support for retailers during crisis
Brooks Sports is offering to its retailer partners the option to send ordered products directly to their customers during the current coronavirus crisis, which has led to the closing of many stores worldwide. Retailers receive 100 percent of the price paid by the customers, and Brooks takes care of the ...
-
Article
Puma will hold a virtual AGM, Adidas will pay rent
Puma announced on April 3 that it was suspending the payment of its dividend for this year. Unlike Adidas, which has decided to postpone its own AGM to a still undefined date, the Wild Cat has decided to stick to the previously scheduled date of May 7, but it will ...
-
Article
Sportmaster recognized as an essential company for the Russian economy
On March 23, a Russian government commission on economic policy officially added Sportmaster to the list of the companies essential to the national economy. Sportmaster became the first sporting goods retailer in the country ever granted this status, which could help it to better navigate through the current coronavirus epidemic.
-
News briefs
Courir CSR contest
Courir, the French sneaker retailer previously owned by the Go Sport Group, has launched a new edition of its creative contest on the theme of eco-responsibility. Participants can submit projects that revolve around two specific topics: 1) sustainability; and 2) the aesthetical dimension of their original creation. The projects can ...
-
News briefs
Snowleader is Capital magazine’s best outdoor buying experience
Snowleader appears for the third year in a row in Capital magazine’s third annual ranking of France’s 600 best buying experiences online. Scoring 8/10, the French e-tailer came in first in the outdoor category, ahead of Hardloop and Campz. To establish the list, Capital called on the market researching firm ...
-
News briefs
Umbro opens e-commerce shop in Italy
In keeping with its overall digitalization, Umbro has just expanded its e-commerce operations to Italy. According to its social media manager, Marina Amoruso, Italy is a key market for Umbro. To launch this e-tail shop, the British sportswear brand established a partnership with an enterprise cloud commerce platform called Kooomo, ...
-
Article
Zalando expects less revenues and profit due to corona pandemic
As we had previously indicated, the shutdown of many brick-and-mortar stores because of the coronavirus epidemic doesn’t necessarily imply a boost in the sales of pure online retailers. As Zalando announced on March 30, it is now projecting significantly less revenues, a smaller gross merchandise volume (GMV) and a lower ...
-
News briefs
Alltricks goes offline
Alltricks, the French-based e-tailer controlled by the Decathlon group since last September, is planning to open its fourth brick-and-mortar store. According to reports in sport-guide.com, the new Alltricks store will be located in Lyon-Bron, near a Decathlon store. With a surface of 280 square meters, it will be smaller than ...
