News briefs - Retail – Page 45
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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News briefs
Top JD managers get stock options
JD Sports Fashion has granted performance-based stock options to Peter Cowgill, executive chairman of the company, and Neil Greenhalgh, chief financial officer, under the company’s 2021 Long Term Incentive Plan. The options will become ordinarily vested in five years’ time, subject to the achievement of certain performance conditions. Cowgill got ...
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News briefs
JD acquires control of a Greek retailer
JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...
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News briefs
XXL adopts RFID tags
According to the British trade magazine Retail Technology, XXL ASA has begun to use RFID tags to track its inventory. With the help of a Scandinavian firm, Securitas, it has adopted Nedap’s iD Cloud platform throughout Norway and plans to roll it out to its 89 other megastores in various ...
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News briefs
Hervis Team Run raises €100,000 for Austria’s Sports Aid
Hervis Sport, the Austrian sports retail chain, has raised a total of €100,000 for Österreichische Sportshilfe, an organization that helps breed international sports talents, with this year’s edition of its “Hervis Team Run.” Nine provincial teams and one celebrity team took part in the nationwide campaign, running for a total ...
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News briefsFoot Locker to launch new proprietary apparel line
Foot Locker is launching a new clothing line called LCKR by Foot Locker that ”merges sneaker and sports culture with the heritage of Foot Locker to bring a new iteration of casual wear to the market.” The launch is supported by U.S. rapper and activist Gunna, the first promotional protagonist ...
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News briefs
Poshmark boosts its sneaker authentication process by buying Suede One
Poshmark, a California-based marketplace for second-hand fashion products, has acquired a virtual sneaker authentication platform called Suede One. The price of the takeover was not disclosed. Founded in 2020, the latter is said to achieve 99 percent accuracy in recognizing popular models such as those of Jordan and Yeezy by ...
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News briefs
Canada Goose opens pop-up in Manchester
Canada Goose has opened a pop-up location on New Cathedral Street in the English city of Manchester. The pop-up is hosting an installation for the senses called “Live in the Open,” with a storytelling platform, to urge “the community to connect with the world around outside;” an exhibition of photographs, ...
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News briefs
Fabletics opens a first store outside the U.S.
Fabletics’ latest store is also, reports Fashion Network, its first one abroad. The U.S. brand has settled on Germany – one of the brand’s top markets, according to its managing director for Europe, Gerrit Müller – to begin its international expansion. The new store is located on the Kurfürstendamm, the ...
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News briefs
Signa Sports United to launch AI-based virtual bike fitting engine
Signa Sports United (SSU), the German-based sports e-commerce platform that owns several websites for the sale of bicycles, has entered a strategic partnership with Motesque, a specialist startup for biomechanics, computer vision and AI, to launch what they claim will be the first biomechanical AI-based virtual bike fitting engine ...
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News briefs
Stadium has launched its marketplace
Stadium, the leading Swedish sporting goods retailer, has launched a digital marketplace to give an opportunity to small and large companies to sell products to consumers, after holding discussions with some of suppliers over the past couple of years. The partners are in control of the pricing and deliver the ...
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News briefs
A new sportswear show for consumers in the U.K.
Independent Exhibitions (INDX) is founding a quarterly trade show for the U.K. devoted to both flavors of sportswear, athleisure and performance, in all varieties of sport. The first edition of Sports & Leisure, curated by the buying group Associated Independent Stores (AIS), is scheduled for Dec. 1-2 at the Cranmore ...
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News briefs
Big push for JD and Sprinter in Iberia
The Iberian Sports Retail Group (ISRG), which is controlled by JD Sports Fashion, is contemplating a strong development of its physical store network, accompanying its push into e-commerce through its recent acquisition of Deporvillage and the local web stores of JD Sports and Sprinter. Sprinter, the more technical sporting goods ...
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News briefs
The CEO of Sport 1 will run Norway's whole Sport Holding group
Ole-Henrik Skirstad, who has been the CEO of Norway’s Sport 1 Gruppen, has been named CEO of the whole Sport Holding group, following the merger last year of Sport 1 with the Norwegian branch of Intersport, which was owned by Gresvig. Now that the integration process has been completed, Lars ...
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News briefs
U.K. anti-trust authority probes JD and Leicester City over shirt sales
The U.K. Competition & Markets Authority (CMA) has opened an investigation into suspected violations of competition law by the Leicester City Football Club and JD Sports Fashion over the sale of club-branded products in the U.K. The replica shirts of the club, which won England’s FA Cup in May, are ...
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News briefs
Decathlon opens continental logistics hub in Barcelona
Decathlon has inaugurated a new distribution center in Barcelona, Spain, to service the European continent. The facility, which replaces a previous one in the area, covers some 95,987 square meters on 167,751 square meters of land. It is adjacent to the Port of Barcelona and ten minutes from the Barcelona ...
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News briefsBründl Sports opens new flagship store, carries Marcel Hirscher’s new ski and apparel brands
Bründl Sports opened a new, sustainable and attractive flagship store with a net sales area of 2,500 square meters (total size: 5,600 sqm) in the heart of the Austrian ski and mountain sports town of Kaprun on Oct. 1 after a construction period of only one and a half years, ...
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News briefs
Foot Locker offers bonds with a 4% yield
Foot Locker has announced that it is offering $400 million in senior notes due in 2029, priced at 100 percent of the principal amount and bearing annual interest of 4.00 percent. The private offering is scheduled to close on Oct. 5. Indicatively, the relatively high yield would compare with the ...
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News briefs
Himaraya turns around
Himaraya reported an overall sales increase of 8 percent to 62.13 billion yen (€480m-$582m) for the financial year ended Aug. 31, but the momentum is fading away, and the Japanese sporting goods retailer is projecting a decline to ¥59.50 billion (€460m-$530m) for the current year. The company posted net income ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
