News briefs - Retail – Page 18
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News briefs
Online boost at Forum Sport for first five months
Forum Sport, which operates under the Forum Sport and Dooers banners, generated a 5 percent year-on-year rise in sales during the first five months of its current financial year, running from Feb. 1 to June 30. Speaking with CMDsport, the Spanish retailer’s Chief Executive, Diego Llorente, has attributed the near ...
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News briefs
Decathlon Spain tops €2bn in FY sales
With the value-added tax (VAT) included, Decathlon Spain exceeded €2 billion in sales – reaching €2.106 billion, to be exact – over the course of FY 2022, for a rise of 3.54 percent year-on-year, according to Diffusion Sport and TradeSport alike. Net profit amounted to €100 million. Online sales accounted ...
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News briefs
Brooks enters resale market with ReStart program
Brooks Running has launched a new program reselling refurbished used Brooks footwear in the U.S.. The ReStart program will sell “lightly used” running shoes at three quality levels: “Like New,” “Great,” or “Good” condition. The move is part of Brooks’ sustainable consumption strategy in support of the United Nations Sustainable ...
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News briefs
Japanese gain better access to sports merch on Rakuten
License Global reports that Fanatics has opened its first online marketplace in Japan, on Rakuten Ichiba, operated by global Internet services provider Rakuten Group, to provide fans across Japan with access to licensed sports merchandise. Japanese sports fans can access Fanatics’ range of licensed sports merchandise here. The store currently ...
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News briefs
Amazon to bring first Rivian electric delivery vehicles to Europe
Amazon has announced the launch of new customized electric delivery vehicles in Europe from Rivian, a publicly traded U.S. electric car manufacturer based in Plymouth, Michigan. More than 300 of these vehicles will enter service in Germany – in the Munich, Berlin and Düsseldorf areas – in the coming weeks. ...
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News briefs
Klutch Athletics by New Balance launches in 100 stores in the U.S.
Source: New Balance Chase Young signs on as first ambassador for Klutch Athletics by New Balance Klutch Athletics, the brand of American star agent Rich Paul, has launched in 100 U.S. retail locations at Dick’s Sporting Goods, Foot Locker, JD Sports, DTLR and Snipes, Front Office Sports ...
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News briefs
ATP Tour introduces official tennis merchandise collection
The Association of Tennis Professionals (ATP) has announced the launch of an official merchandise collection created in collaboration with Tennis-Point. The collection comprises apparel, equipment and other gear, marking the first time the ATP has launched such a comprehensive collection. The unisex apparel line includes polos, tees, hoodies, shorts and ...
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News briefs
Zalando is Lululemon's choice of marketplace in Europe
Canadian direct-to-consumer brand Lululemon has chosen Zalando as its preferred online partner for Europe, launching its products on the online fashion and lifestyle platform on June 29. As of now, Zalando customers can buy the brand’s apparel and accessories in several markets. Founded in Berlin in 2008, Zalando today offers ...
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News briefs
Asics reportedly stops supplying independent UK sports shops
The Guardian reported on June 26 that Asics has announced to some of its customers that it will join Nike and Adidas in leaving smaller retailers in the UK in favor of large chains such as Sports Direct and JD Sports, as well as selling directly online. The newspaper is ...
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News briefs
Go Sport calms worried customers
The long back and forth about the whereabouts of the French chain Go Sport after its bankruptcy has probably also unsettled its customers. Go Sport has now appeased them with a public message on its website. A text to its customers from the retailer, which was taken over by Intersport, ...
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News briefs
Amazon to invest $26 billion in India business
Amazon said it wants to significantly increase its investment in India by 2030. After CEO Andy Jassy met Prime Minister Narendra Modi in the U.S. last week, Jassy said he wants to put $26 billion into the country, adding $6.5 billion to planned new investments. An exact breakdown of the ...
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News briefs
Inter-country sell-in cooperation at Intersport
Retail members of the Intersport Spain network have begun placing their orders for items under the Intersport own-brands McKinley and Energetics through Intersport France, according to a report in CMDsport. The test conducted for the autumn/winter 2023/24 sell-in having proved fruitful, Intersport’s buying groups in Spain and France have reached ...
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News briefs
Captain Fin to launch in Europe
Following last year’s acquisition of San Diego-based surf lifestyle and hardgoods brand Captain Fin Co. by Liberated Brands – the global master licensee for Volcom and Spyder – Captain Fin is to officially launch in Europe. The launch coincides with the revitalization of its apparel collection, now infused with sustainable ...
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News briefs
Crocs launches virtual store with first 3D shoe customizer
Source: Crocs Crocs has launched a new virtual store in partnership with 3D e-commerce platform Obsess. The Crocs Jibbitz Experience is “a virtual storytelling arena centered around self-expression, personalization, gamification and education.” It includes the brand’s first-ever 3D Jibbitz Customizer, a feature developed by Obsess to provide ...
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News briefs
Tour de France partners with TikTok to further expand its audience
TikTok is joining the Tour de France (July 1-23,2023) and Tour de France Femmes avec Zwift (July 23-30, 2023) as an official provider. From July 1, fans of the Tour will be able to experience these cycling races also with TikTok thanks to the platform’s creators and users. Every day, ...
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News briefs
Nike’s largest Canadian flagship to open in Edmonton
A new Nike flagship store will open on the main level of the West Edmonton Mall in Edmonton, Alberta, Canada, in a prime location close to the popular hockey rink. Built in four phases from 1981 to 1998, the extraordinary mall was the world’s largest shopping center until 2004. Today, ...
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News briefs
Frasers Group invests in electrical retailer AO World
Frasers Group, the owner of Sports Direct, has announced the purchase of a “strategic stake” in AO World, a retail group specializing in electrical goods based in Bolton, England, listed on the London Stock Exchange. The investment follows “productive talks over the last two years about establishing a strategic partnership,” ...
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News briefs
Nike has another new partner for connected partnership program
Nike has announced a new connected partnership with performance specialty retailer Pro:Direct Sport. Launching first on the Pro:Direct Sport mobile app in the U.K. and on the web in France, the partnership will unlock tailored digital, member-exclusive products and experiences. It will be Nike’s third connected partnership across Europe, following ...
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News briefs
YouTube to launch its first live e-com shopping channel in South Korea
YouTube will launch its first official live commerce shopping channel in South Korea on June 30, Reuters reported. South Korea already has a booming live streaming commerce business led by tech giant Naver. This makes the country a prime test market for the Alphabet-owned company as it focuses on becoming ...
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News briefs
A good 2022 at El Corte Inglés
El Corte Inglés has booked a solid fiscal 2022, despite the discomforts of the economic climate, according to Diffusion Sport. Revenues through the closing date of Feb. 8 amounted to €15.33 billion, up 22.5 percent year-on-year, while Ebitda was €951.4, up 18.3 percent. Recurring net income was the highest in ...