News briefs - Retail – Page 34
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News briefsFirst German NBA Store will open this fall
The National Basketball Association (NBA) and Fanatics have announced that an NBA Store will open this fall in Berlin. The new store, located at Alte Potsdamer Straße 7, in The Playce at Potsdamer Platz, will be operated by Lids. The opening will mark the first NBA Store in Germany and ...
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News briefs
Lululemon store in Washington D.C. first to embark on unionization
Workers at a Lululemon store in Washington, D.C., in the Georgetown neighborhood, have filed a request with the National Labor Relations Board (NLRB) to hold a union election. It is the first Lululemon location to embark on the unionization process. The group of workers is looking for the employer to ...
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News briefsJD Sports appoints new CEO
JD Sports Fashion has appointed Régis Schultz as the company’s new CEO. The appointment was preceded by an extensive global executive search process, which had also caused repeated speculation in the media. Schultz is expected to start at JD in September. At that time, Kath Smith will fully hand over ...
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News briefsFirst French NBA store opens in Paris' Latin Quarter
The National Basketball Association (NBA) and Fanatics have announced the opening of the first NBA Store in Paris. The new three-floor, 300-sqm store is located at 20 Boulevard Saint-Michel, in the Latin Quarter. It’s only the third NBA store in Europe, after London and Milan, and the first in France. ...
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News briefsPou Sheng warns on significant H1 decline
Pou Sheng Intl., the retail subsidiary of Yue Yuen, issued a revenue and profit warning for the first half ended June 30, citing persistent Covid-related restrictions in China that impacted consumer traffic and sentiment during the six months. The group forecasts a 25 percent decline in H1 revenues to 9,865 ...
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News briefs
Deporvillage returns as La Vuelta’s official online store
Spanish sports e-tailer Deporvillage and Unipublic, the organizer of La Vuelta, have signed a collaboration agreement that makes the online sports equipment retailer the official online store of the most important race in the Spanish cycling calendar for the next three years. Deporvillage will sell the four leader’s jerseys made ...
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News briefsNew Balance to reopen stores in Spain starting in August
New Balance closed its stores in Spain and Portugal after its contractual link with Experience, its retail partner, came to an end on Dec. 31, 2021. As reported by Palco23, the company is now planning to open two stores in August at The Style Outlets in Getafe and San Sebastián ...
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News briefs
Revenues up 71% year-on-year in H1 at ISRG
For the first half of the year, Iberian Sports Retail Group (ISRG) has posted sales of €621 million, for a year-on-year increase of 71 percent. A joint venture between Britain’s JD Sports (50%), Portugal’s Sonae (30%) and the Segarra family (20%), ISRG handles the business of the Sprinter, Sport Zone ...
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News briefsLoans to help Pádel Nuestro expand in Sweden
Pádel Nuestro has secured two loans whose total of €2.84 million will go towards acquiring real estate, inventory and other costs associated with opening own stores in Sweden’s big cities. The group has six Swedish stores already, all of them franchises. The lender is COFIDES, public-private company combining Spanish state ...
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News briefsGerman retail association rejects new lockdowns in fall
HDE (German Retail Association) and ZIA (Central Real Estate Committee, the umbrella organization of the German real estate industry) have published a strategy paper in which they jointly formulate specific demands to policymakers to prevent a repetition of the past two fall/winter seasons. These include an exemption from lockdowns or ...
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News briefsNew price comparison site for runners launches in the U.K.
Tom Green, a London-based amateur runner, is the founder of Geerly. The company focuses on using technology to help runners of all abilities choose the right gear and find it at the best prices. Geerly lists more than 1,700 running shoes, boots and watches. Currently active only in the U.K., ...
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News briefsJapanese e-commerce company to acquire majority stake in Phenix owner
As reported by sportstextiles.com, Japanese e-commerce company E-store Corporation has taken steps to acquire Shiffon, a Tokyo-based licensee and developer of brands such as Kappa and Hummel, and Phenix licensee* for its worldwide sales territories except for China, the brand founded in 1952 that is the official outfitter of the ...
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News briefsYouGov: Sustainability in retail is important to 25% of Germans
The trend toward greater sustainability in times of climate change is increasingly coming into focus in the retail and consumer goods industries. For every fourth German (25%), sustainability in retail is one of the most important aspects. This is shown by data from the YouGov Profile Peek “Sustainable Retail,” which ...
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News briefsOn products more expensive in Switzerland
According to a media report, products from the Swiss running shoe manufacturer On are significantly more expensive in web stores in Switzerland than elsewhere. The price markups range from 15 to 51 percent, as evaluated by the “Sonntagszeitung” newspaper. The company admitted to the newspaper that prices vary in different ...
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News briefsRebag now also sells Adidas, Yeezy, Nike, Jordan
Luxury re-commerce platform Rebag is now offering shoes and apparel on its platform in addition to bags, watches and jewelry. This includes products from the Adidas, Yeezy, Nike and Jordan brands. “Shoes have been one of the top requests, so of course, we listened. We applied Rebag’s meticulousness for sourcing ...
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News briefsUA revamps retail in Spain, opens brand store
Under Armour (UA) has opened its first own store in Spain, according to CMDsport. Located at the Westfield La Maquinista mall in Barcelona, the store covers 450 square meters and sells men’s and women’s apparel, shoes and accessories for fitness, running, basketball and other sports. The brand has been operating ...
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News briefsLululemon debuts on JD.com
Canadian sportswear retailer Lululemon officially launched its digital flagship store on July 18 in the J Shop, JD’s upgrade of its fashion and lifestyle business. The launch, which was announced by the Chinese e-tailer, is part of Lululemon’s international growth strategy. JD.com, headquartered in Beijing, is one of the two ...
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News briefsJD Sports re-affirms FY Ebit guidance, continues CEO search
Updating its June 22 statement on year-to-date results, JD Sports said total sales in the group’s like-for-like businesses were 5 percent ahead of year-ago levels through June 30. With the positive result, JD is maintaining a performance outlook that calls for profits before tax and exceptional items for the fiscal ...
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News briefsDeporvillage’s 11-year growth streak ends
In January, when we last checked in with the Spanish multichannel sports e-tailer, Deporvillage had wrapped up an 11th consecutive year of growth. Annual revenues for 2021 were up year-on-year by 40 percent. Things have now changed. Sales for the first and now the second quarter have been flat with ...
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News briefsZalando promotes Christoph Lütke Schelhowe to GM DACH
After last week’s resignation of Florian Jodl, Zalando has revealed his successor. Christoph Lütke Schelhowe, a former McKinsey associate principal, will be Zalando’s new general manager for the German-speaking markets. Schelhowe has been with the company for almost ten years in different positions, most recently VP, demand – customer acquisition ...
