News briefs - Retail – Page 24
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News briefsGerman Football Association and Fanatics expand and extend their partnership
The Deutsche Fußball Liga (DFB) and sports e-commerce giant Fanatics have announced a long-term extension to their existing omnichannel retail partnership. The expanded and extended partnership, encompassing both UEFA Euro 2024 in Germany and the 2026 FIFA World Cup, will see Fanatics retain exclusive global e-commerce rights with the DFB ...
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News briefsGfK see 93 percent of Europeans on a spending freeze
In a recent study, market insights firm GfK shed light on the shopping behavior of European consumers in light of rising living costs and inflation. 93 percent of consumers in Europe have already adjusted their purchasing habits as household budgets are becoming tighter, according to the GfK comparison of 15 ...
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News briefsZalando reports a “healthy balance sheet” for 2022
Zalando has released its figures for 2022, stating that all financial figures came within the ranges of the updated company guidance despite a challenging economic backdrop. GMV grew 3 percent to 14.8 billion euros in 2022, with revenue stable at 10.3 billion euros compared with a year ago. Adjusted earnings ...
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News briefsThe Athlete’s Foot acquires Sneakers Market S.A. in Greece
Lifestyle and footwear retailer The Athlete’s Foot (TAF) has closed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece. The deal follows the takeover of TAF globally by Arklyz Group in 2021 and marks the beginning of a new strategic direction for ...
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News briefsInternet spending continues to grow in the EU
In 2022, 91 percent of people aged 16 to 74 in the European Union used the Internet, according to data from the latest annual survey on the use of ICT in households and by individuals, released by Eurostat. The proportion of e-shoppers jumped from 55 percent in 2012 to 75 ...
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News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
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News briefsZalando hires head of retail from Nike
Benjamin Wolf, who served as Nike’s director of retail operations from March 2019 to January 2023, posted on LinkedIn that he has joined Zalando as head of retail, effective immediately. In total, Wolf spent roughly 15.5 years at Nike. On social media, he commented on the new job at the ...
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News briefsDecathlon Spain dominates in mountain sports
When it comes to e-commerce in mountain sporting goods Decathlon reigns supreme in Spain. Drawing from Google analytics and data gathered by the SEO company Sistrix, CMDsport has evaluated the performance of the country’s top e-tailers with a list of 32 best-selling product types, such as tents, skis, ski boots, ...
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News briefsSport 2000 running division fosters retail skills
The German Sport 2000 Running Division held another Product Day in mid-February. Around 30 retailers and 70 participants, including both specialists and generalists with a running focus, came to SportCentrum Kaiserau in Kamen to test and assess new shoe models and innovations for the spring/summer 2023 season. 15 brands – ...
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News briefseBay reports better-than-expected Q4 results
eBay Inc. has published the financial results for the fourth quarter – again reporting negative revenue growth – and fiscal year ended Dec. 31, 2022. “In 2022, we made significant progress on our multi-year strategic journey,” said Jamie Iannone, CEO of eBay. “Our focus category playbook continues to drive the ...
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News briefsDecathlon rents more retail spaces from Kaufland
German retailer Kaufland, who acquired over 100 Real supermarket locations in Germany, is now leasing space to Decathlon at more and more of its former German Real locations. To date, a combination of the Kaufland supermarket and Decathlon stores are to be found at six locations in Germany. In a ...
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News briefsJD Sports aims to crack U.S. market with store expansion blitz
JD Sports Fashion is looking to expand its U.S. store network to around 800 over the next five years as it aims to convert half its Finish Line outlets – the sportswear chain acquired in 2018 – into JD-branded shops, under plans outlined by new chief executive Regis Schultz. The ...
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News briefsOn reportedly has plans for Paris
Swiss brand On is reportedly considering opening its first store in Paris. According to Sport Guide, the Swiss sports brand has been exploring a series of potential locations in France’s capital city, in trendy and elegant districts like the Marais and Saint-Germain des Près. However, the company has not confirmed. ...
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News briefsZalando announces new basic fee and marketplace commission increase
According to information from various media for online retailers, Zalando will soon be introducing a new fee schedule. Previously, the Zalando platform only charged commissions for successful sales. As of July 1, Zalando is implementing a basic fee of €480 per year for its marketplace. The basic fee applies both ...
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News briefsMarks & Spencer launches The Sports Edit on M&S.com
Following the London-based retailer’s early 2022 acquisition of The Sports Edit and ongoing investments in growth categories, including sportswear, Marks & Spencer (M&S) has now integrated the dedicated and fast-growing sportswear platform directly into its own marksandspencer.com website. According to M&S, more than 200 women’s sportswear and apparel products from ...
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News briefsDecathlon to support research on adaptation to climate change
Decathlon has become an equipment partner in the new Deep Climate study, a research project by researcher Christian Clot and the Human Adaption Institute that looks at how humans adapt to situations of change and crisis. Together, they are conducting an expedition to three extreme climates (arid/hot, cold and tropical) ...
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News briefsNew Balance’s new store in Boston features innovative retail concept
New Balance has opened a new retail location at 124 Newbury Street in the U.S. city of Boston. The store’s retail concept is “built to put people, not products, at the center of the consumer experience,” said the brand. The store, designed around central seating, is supposed to encourage customers ...
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News briefsSnipes invests in new and bigger logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefsSustainability less of a priority in German purchases
The latest GfK Sustainability Index shows that consumers in Germany are planning fewer purchases based on sustainability in the near future. The index for January 2023 now stands at 93.3 points, 6.7 points less than the average for 2022. The index shows the importance of sustainability aspects in consumer purchasing ...
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News briefsSecond-hand isn’t second best, says Unidays fashion report 2023
Unidays, a digital marketplace for student discounts and a networking platform, has conducted a new study among 3,279 of its (27 million worldwide) users in the U.S., U.K., and Australia. As Unidays is a student-only offering, the company connects with a purely Gen-Z target group. The Unidays Fashion Report 2023 ...
