News briefs - Retail – Page 42
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News briefs
Sporting goods retailers hit by the unrest in Kazakhstan
Sportmaster and other retailers in Kazakhstan suffered losses of around 25 billion tenges (€50.5m -$57m) from marauders as part of the recent civil unrest in the country, the Union of Trade Networks of Kazakhstan said in a statement on its website, adding that this data is preliminary. The National Chamber ...
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News briefs
TheDrop.com hires a chief merchandising officer
TheDrop.com, a Las Vegas-based online lifestyle marketplace that targets Millennials and Gen Z, has hired Scott Keating to fill the new post of chief merchandising officer. He will be managing relations with the 300-odd brands and retail shops that sell through the company, including Nike, Roxy, Supreme and Volcom. .Keating ...
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News briefs
Urban Outfitters launches its own activewear line
According to media reports, the international Urban Outfitters chain is one of the retailers that has been cut off by Nike. The company has reacted with a launch of its own line of activewear styles for women, called Frans Sport. It consists of 40 styles, all made with recycled polyester ...
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News briefs
JD to sponsor an e-sports team
JD Sports Fashion is the new sponsor of Excel Esports, whose team competes in tournaments for such video games as FIFA, Fortnite and League of Legends. JD is replacing BT Sport, a provider of pay-to-view sports on TV in the U.K. Terms have not been disclosed. Excel’s e-sports players will ...
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News briefs
Nike links up with China's Pou Sheng for customer memberships
Nike will link consumer membership data with Pou Sheng, the Chinese retailer owned by Yue Yuen, which operates Nike stores in more than 300 cities, serving about 150 customers each year. In an arrangement that resembles Nike’s recent member sharing deal with Dick’s Sporting Goods, the biggest sports retailer in ...
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News briefsBackcountry launches Shaun White’s Whitespace brand
Backcountry, the U.S. retailer that owns Germany’s Bergfreunde, has teamed up with the pro snowboarder Shaun White for his new Whitespace brand of hardgoods and apparel. Backcountry will act as the exclusive retailer for Whitespace, kicking off the partnership with a limited-edition Whitespace Freestyle Shaun White Pro signature snowboard. Each ...
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News briefsArc’teryx continues global brand store expansion
Source: Arc’teryx Arc’teryx has increased the number of its own brand stores by 15 percent Arc’teryx, the Vancouver-based brand owned by Amer Sports, opened 21 stores in the past twelve months, ending 2021 with a total of 159 brick-and-mortar mono-brand shops around the world - 16 ...
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News briefsBlue Tomato’s parent grows strongly
Zumiez’ international sales, which are concentrated in Europe and Australia, grew by 45 percent year-on-year and on a comparable store and currency-neutral basis during the nine-week period ended Jan. 10. With its sales in North America going up by 5 percent, the action sports retailers’ total sales were up by ...
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News briefsBlue Tomato expands cooperation with POW
Blue Tomato, the European boardsports and lifestyle retail chain, has been partnering for many years with Protect Our Winters (POW), the global environmental protection organization established around 15 years ago by the U.S. pro snowboarder Jeremy Jones. Blue Tomato has expanded the cooperation by becoming the official merchandise partner of ...
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News briefs
Omni-channel retailing dominates for sporting goods in Switzerland
Swiss consumers are shopping more than before online, but they still prefer to buy most kinds of products in the physical stores, according to a study commissioned by the Swiss Retail Federation to Oliver Wyman, which conducted its survey in November. The overall share of purchases made in brick-and-mortar stores ...
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News briefs
Social commerce will be a $1,200 bn business by 2025
Sporting goods brands should take a harder look at the benefits of social commerce, judging from a new report issued by Accenture. It says that shopping through social media platforms is expected to grow three times as fast as traditional e-commerce. Boosted by the Covid pandemic, it should rise from ...
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News briefsANWR Group exits as shareholder of Bico
At the end of 2021, the ANWR Group divested its 25.1 percent stake in in the German Bico Zweirad Marketing buying group by mutual agreement, turning the Schutz- und Beteiligungsgemeinschaft der Bico-Händler cooperative of bike dealers into its sole shareholder. ANWR, which is also the parent company of the Sport ...
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News briefs
Sports Direct’s parent is reportedly bidding for Footasylum
Frasers Group has filed an offer to buy Footasylum, according to The Sunday Times. It has notified the Competition and Markets Authority (CMA), which again ruled in November that JD Sports Fashion must divest the 65-store chain on anti-trust grounds. JD acquired Footasylum in May 2019. Frasers’ bid is questionable, ...
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News briefs
Spanish mountain sports retailers' association Green to launch website
CMDsport reports that Green, an association of 13 independent mountain sports retailers in Spain, is set to launch next year a website, called The Green, to promote the association’s name to suppliers and consumers alike. According to Carles Raimundo, owner of Foracorda, a store in Palma de Mallorca that belongs ...
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News briefs
Alibaba pledges to reduce emissions
Alibaba Group has pledged to make its in-house operations carbon-neutral (Scope 1 and Scope 21 emissions) and to cut its carbon-intensity emissions (Scope 32) by 2030. It has also pledged to cut 1.5 gigatons in carbon emissions from its “business ecosystem” (Scope 3+) by 2035. To accomplish this, the Chinese-based ...
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News briefs
Stadium Outlet continues to expand
Stadium will open a large 1,900-square-meter Stadium Outlet store on the ground floor of the Femman shopping center in Gotherburg in September 2022. The low-cost chain of the Stadium group currently has 62 locations in Sweden, Norway and Finland.
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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News briefs
New 2020 retail figures for Spain
We have obtained new figures for the sales of some of the leading Spanish sports retailers in 2020 from a Spanish market research agency, Sport Panel, leading us revise one of the charts that we published on Friday. The revised chart shows, among other things, that the Spanish turnover of ...
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News briefsFoot Locker launches its Cozi label of women’s apparel
Foot Locker has announced the global launch of its first private label of women’s apparel, Cozi, presenting it as “an apparel brand designed for women who keep up with trends, love sneakers and crave premium wardrobe staples at an affordable value.” It will be exclusively available in multiple sizes online ...
