News briefs - Retail – Page 16
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News briefsJudge in Nike vs. StockX orders defendant to disclose additional information about counterfeit sellers
U.S. Magistrate Judge Sarah Netburn has ordered the resale platform StockX to reveal additional information about users who sold counterfeit sneakers through the platform. Nike specifically asked how many sales these users completed, as this element could help assess the level of scrutiny StockX applied in facilitating their sales. StockX ...
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News briefsU.K.-based sneaker reseller Laced expands to Europe
Laced is now available to buyers and sellers in Europe. The London-based online platform has also launched dedicated German and French language websites. According to a report by Footwear News, Laced will grow its current staff of 80 employees by at least 25 percent, with new jobs on the continent ...
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News briefsAthleta’s new President & CEO takes helm as Q2 sales dip
The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...
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News briefsUYN opens its first U.K. store amidst international expansion plan
Italian brand UYN (Unleash Your Nature) has opened a store in Cambridge, its first in the UK. SGI Europe reported about this planned opening earlier this month while the brand was inaugurating another store in Peschiera, on Italy’s Lake Garda. The Cambridge store is located on Market Hill, in the ...
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News briefsFootway’s creditors consent to continuation of reorganization
The creditors of the Swedish Footway Group AB, operator of specialized online stores, which has been in reorganization since July 25, have given the go-ahead for the continuation of the ongoing reorganization until Oct. 25 at the Solna District Court. Despite historic profitability and strong growth, the publicly traded company ...
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News briefsNike Rise concept store opens in India
Nike has opened its first digital flagship concept store, Nike Rise, at Phoenix Marketcity in Chennai on the Bay of Bengal in eastern India. The store was opened by RJ Corp, India’s leading conglomerate operating sports and F&B franchises, on August 6, 2023. Spread over 470 square meters, Nike Phoenix ...
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News briefsNew share issue to help XXL
According to ehandel.se and as mentioned by SGI Europe earlier, Norwegian sporting goods chain XXL is looking to fill its coffers with 500 million Norwegian kroner (€43.2m) through a fully guaranteed new share issue after losses of nearly NOK 600 million (€51.9m) this year. Accordingly, the company is proposing a ...
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News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
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News briefsAlibaba partners with CommerceHub to support European expansion
Miravia, a Spanish marketplace that is part of Chinese group Alibaba, is partnering with CommerceHub, a commerce network with headquarters in Latham, New York. The partnership involves integrating CommerceHub’s e-commerce platform with Miravia’s operations. CommerceHub connects more than 40,000 retailers and brands globally, transacts around $50 billion in gross merchandise ...
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News briefsJD Sports hits landmark number of stores
JD Sports has opened its 400th store in the UK, with a new location at Kingsway Retail Park, Derby. In Feb. of this year, JD Sports Fashion revealed plans to grow its revenues and margins by double digits over the next five years, including a rapid store expansion, under a ...
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News briefsUYN opens new Italian store ahead of further openings abroad
UYN is opening a new store in Peschiera del Garda, a resort town on Italy’s Lake Garda, not far from the city of Verona. The store is housed in the Padiglione degli Ufficiali (Officers’ Pavillion), a 19th-century building that comprises luxurious penthouses and a shopping gallery. The new store features ...
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News briefsUvex Sports Group switches to selective distribution in Europe
Uvex Sports Group (USPG), the parent of the Uvex and Alpina brands, announced that it will be introducing a selective distribution system in Europe from January 2024. Through the new partner program, only certified dealers will have access to the product range. According to an in-depth analysis by the USPG, ...
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News briefsFarfetch hires Amazon exec as new CFO
Tim Stone, who spent more than 20 years in senior finance roles at Amazon.com, will join the London-based Internet platform for luxury goods Farfetch Limited on Sept. 1 as the group’s new CFO. He will replace Elliot Jordan, who announced his departure from the luxury fashion company in February.
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News briefsMunich opens largest Spanish store
Spanish sneaker brand Munich has opened a 250-sqm store at the Viladecans The Style Outlets shopping center near Barcelona. It is the brand’s largest store in Spain. Alongside Munich sneakers, the store sells vegan footwear from the Duuo brand, also owned by the Berneda family. The new opening brings the ...
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News briefsSwiss brand On will soon open its first store in Paris
Swiss brand On is expected to open its first Parisian store over the next few weeks. As previously reported by SGI Europe, the store is located within the Marché Saint Germain, in the heart of the elegant sixth arrondissement. On was founded in 2010 by Olivier Bernhard, David Allemann and ...
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News briefsParis Saint-Germain opens 4th U.S. store in Las Vegas
The new Las Vegas 172-sqm Paris Saint-Germain (PSG) store, which will be managed by Lids, is the French league football club’s fourth location in the U.S. following openings in Los Angeles (2021), New York (2022) and Miami earlier this year. It is located in the Forum Shops at Caesars Palace ...
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News briefsPou Sheng experiences H1 recovery on improving trends
The retail subsidiary of Yue Yuen, citing recovering consumer momentum in China and “particularly strong” omnichannel results, has reported preliminary results for the first half ended June 30. Revenues rose approximately 11 percent year-over-year to 10.960 billion yuan renminbi (€1.47bn). Profit attributable to employees was approximately RMB 305 million (€40.8m), ...
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News briefsLondon Sneaker School opens a pop-up store in Mayfair
The London Sneaker School (LSS) is opening a concept pop-up store on Savile Row, a street in Mayfair, central London, known principally for its bespoke tailoring for men. LSS provides insights and lessons on shoemaking and starting a sneaker brand. Classes include traditional shoemaking techniques to train people to get ...
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News briefsJD Sports to open 1,000-sqm flagship on Champs-Elysées
JD Sports will open a new flagship store at 118 Champs-Elysées in Paris. Passers-by can already see the stickers that have been affixed by the British retailer on the windows of its new space, previously occupied by Mercedes-Benz. JD Sports is planning to inaugurate the store in March 2024, according ...
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News briefsAmazon’s Marketplace remedies satisfy UK regulators
The Competition and Markets Authority (CMA), the British competition watchdog, said the offer from Amazon to change the way it treats third-party sellers using its Marketplace platform in the UK addressed its competition concerns. “The CMA’s preliminary view is that the offer from Amazon addresses its competition concerns, and ...
