News briefs - Retail – Page 58
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News briefs
Special status for Sport 2000 in Austria
Sport 2000 Österreich has been certified for the second time by PHP Sport Management as “Sport Leading Company” in its domestic market. The Austrian buying group, which reached a retail turnover of €579 million in 2019, claims a market share of 29 percent. It federates 240 retailers with 403 ...
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News briefs
Fanatics acquires Top of the World from Vetta
Fanatics, the Florida-based provider of sports merchandise, is acquiring some of the assets of Vetta Brands, which is currently under liquidation. Chief among these assets is Top of the World, which, until the Covid-19 pandemic wiped out its business, had been manufacturing hats for hundreds of college sports brands at ...
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News briefs
Two French retailers are merging
Frasteya and Lafreto have announced their merger, with immediate effect. The new joint company resulting from the merger of these two French physical players specializing in outdoor and boardsports is called 113Outdoor. As reported by sport-guide.com, Frasteya will be the majority shareholder while Lafreto will hold a minority stake in ...
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News briefs
Adidas’ former Yeezy boss will work for Shopify
The mystery about the recent departure of the former head of the successful Yeezy business unit at Adidas is solved. Shopify has just announced that Jon Wexler will be joining the global, Canadian-based e-commerce company on Sept. 14 as vice president of its creator and influencer program. As he did ...
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News briefs
Adidas places two low-yield €500 million bonds
Adidas placed two low-yield bonds worth a total of €1 billion, describing the transaction as its first one as an investment-grade-rate issuer, demonstrating the company’s strong credit profile. The bond offer was more than seven times oversubscribed. The proceeds will be used for general purposes including the repayment of existing ...
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News briefs
A revived Confirmed app by Adidas
Adidas is resurrecting its five-year-old Confirmed app as a new, updated e-commerce platform filled with story-telling contents. The new app became available in the U.S. last week, and there are reportedly plans to launch it also in China at the end of this year and in Europe next year. In ...
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News briefs
Decathlon closes two stores in Russia
Decathlon has decided to close two mega-stores in different parts of Russia in less than a month. On Aug. 20, the French sporting goods retailer announced that it would close a store in Ivanovo. The decision was made against the background of a major slump in revenue due to the ...
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News briefs
Decathlon partners with Captain Wallet for loyalty cards
Decathlon France is partnering with Captain Wallet on a mobile solution that allows customers to access their loyalty card directly via the wallet mobiles on their smartphone. Until now, this was only possible through the customer’s account page on the Decathlon website.
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News briefs
Adidas and Unity release joint collection
Adidas Skateboarding and Unity, a producer of gender-neutral skate apparel and shoes, are releasing a joint collection for autumn/winter 2020. Unity was founded in 2017 by Jeffrey Cheung and Gabriel Ramirez specifically for the LGBTQ+ market. Cheung has used his illustrations to modify Adidas-designed shorts and shirts as well as ...
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News briefsBlue Tomato opens second store in Munich
Omnichannel retailer Blue Tomato from Austria, specialist for boardsports and lifestyle, will open its second store in Munich, Germany, on Sept. 3 at Oberanger in the heart of the city’s old town. The 500 square meter store will be managed by Joachim Lais. Tillmann Ruprecht, director of sales & service ...
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News briefs
Fanatics inks 10-year deal with Rebel
Fanatics has agreed a ten-year distribution deal with Rebel Sports, the big Australian sports retailer. The contract, which will come into effect in mid-2021, will make available to Rebel customers more than 100,000 officially licensed sports products from Fanatics partners. Fanatics is the official online retailer for all major U.S. ...
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News briefs
Zalando hires three SVPs
Zalando has promoted an executive and hired two more. Andreas Antrup, who has been with the European internet fashion platform since April 2011, is moving to a new post as senior vice president of advertising. Antrup has been leading a five-year-old department called Zalando Marketing Services (ZMS). Andrew Watts came ...
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News briefs
Adidas extends its sponsorship of England Rugby
Adidas has signed a four-year extension of its footwear-supply sponsorship deal with England Rugby. The original deal dates to 2016. The new one takes effect on Sept. 1 and will run through the 2023/24 season. Adidas will retain exclusive rights to rugby boots and trainers for men, women and age-grade ...
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News briefs
Fanatics’ valuation reportedly rose to $6.2 billion after new funding round
Fanatics, the fast-growing, vertically integrated licensed sportswear company, has reportedly reached a marlket value to $6.2 billion while raising $350 million in a Series E funding round arranged by Goldman Sachs. The round, which was oversubscribed, is expected to be the last private funding for Fanatics before the company files ...
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News briefs
New chairman for Adidas
Thomas Rabe, 55, has been appointed as the new chairman of Adidas AG’s supervisory board. He succeeds the 76-year-old Igor Landau after 16 years in that position. Rabe became chief financial officer of Bertelsmann in 2006 and was promoted to chief executive of the global media company six years later. ...
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News briefs
Boardriders sells a U.K. retail chain to its founder
After long discussions, Boardriders has resold selected assets of Two Seasons, a British action sports retailer, to its founder, Stuart Roberts, helped by two investors. Roberts founded Two Seasons in 1982, when he was 19 years old, and sold it to the former Billabong Group in 2007 when it had ...
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News briefs
Good ratings for Adidas
The Adidas Group got strong investment-grade ratings from Standard & Poors and Moody’s – A+ and A2, respectively – with a stable outlook, making it one of the top-rated companies in the sporting goods industry. The two agencies praised the Big a for its diversification in terms of geographies, products ...
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News briefs
Frasers to open multi-brand store
Frasers Group is reportedly setting up a multi-brand store at Fosse Park in the British city of Leicester. The store will measure 90,000 square feet, with 50,000 devoted mostly to the Flannels banner and the rest mostly to Sports Direct, each having a separate entrance. The store will also sell ...
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News briefs
Rorsted to head Adidas for another five years
The supervisory board of Adidas has extended Kasper Rorsted’s term as chief executive officer by five years – through July 31, 2026. Rorsted joined the company’s executive board in August 2016 and became CEO two months later. Meanwhile, Thomas Rabe will be moving up from deputy chairman to chairman of ...
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News briefs
POC extends online retail team
Source: POC Ines Radacher POC, the Swedish manufacturer of helmets, goggles, body protection, clothing and accessories, is expanding its internal online retail (e-tailing) division due to the increasing digitalization of the retail sector. Therefore, Ines Radacher was appointed to the new position of “online account manager, DACH” ...
