News briefs - Retail – Page 53
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News briefs
Fanatics enters China via a joint venture
Fanatics, the U.S.-based online retailer of licensed sports merchandise, has announced that it is expanding into China via a joint venture with Hillhouse Capital Group, a private equity firm that is also a major shareholder in a major Chinese sporting goods retailer, Topsports. The 50-50 joint venture will be based ...
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News briefs
Adidas opens its first flagship store in Dubai
Studded with 60 different digital touchpoints, the 1,500-square-meter flagship store opened by Adidas in the Dubai Mall is the first one in the city. It offers many unusual services including free shoe cleaning and a “Bring It to Me” app that allows customers to request a product and get it ...
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News briefs
Padel Nuestro to double its international retail footprint
According to Diffusion Sport, Padel Nuestro intends to more than double its retail footprint in the padel tennis market. To its existing 35 points of sale, the Spanish group plans to add 12 own stores, six franchises and 20 Padel Nuestro Express shops. If all goes well, the endeavor should ...
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News briefsOutdoor Retailer Summer Market moves from June to August
Emerald Expositions has announced that Outdoor Retailer Summer Market 2021 has been moved from its original date of June 15-17 to Aug. 10-12 as a physical trade show at the Colorado Convention Center in Denver, with a digital extension for exhibitors and attendees unable to attend in person. The date ...
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News briefs
Frasers takes a hit with English retail lockdown due to end on Apr. 12
British Prime Minister Boris Johnson announced that non-essential retail stores may reopen in England on April 12 after having been closed since Jan. 4 to prevent the spread of the Covid-19 pandemic. Indoor leisure facilities such as gyms are also due to reopen on that date. Like in other countries, ...
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News briefs
Adidas joins the Fur Free Retailer program
Adidas has joined the Fur Free Retailer program, an international initiative of the Fur Free Alliance that aims to encourage companies to go fur-free. Adidas currently does not sell products made of animal fur, but the brand has nevertheless pledged to permanently renounce fur in order to underline its commitment ...
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News briefs
Adidas plans to resume dividends
Adidas’ executive board has decided a resumption of the company’s dividend payments, subject to approval by the supervisory board and at the annual general meeting of May 12. The says its decision reflects a positive outlook for the current financial year and follows a series of financing measures: it recently ...
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News briefs
Kinnevik’s Zalando shares go to its own shareholders
Kinnevik, the Swedish investment fund that has been supporting Zalando since 2010, helping it to go public in 2014, has decided to transfer its 21 percent interest in the big German-based e-tailer to its own shareholders, provided they approve the move at Kinnevik’s annual meeting on April 29. The Swedish ...
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News briefs
Adidas Golf signs up Brendan Lawlor
Adidas Golf has announced that Brendan Lawlor will join its roster of athletes. The Irish golfer is currently No. 4 in the World Rankings for Golfers with Disability (WR4GD). After forging a successful amateur career across both disability and able-bodied competitions, he became the first disabled golfer to compete in ...
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News briefsNike products are sold on Lidl’s marketplaces in Germany and Spain
Nike has released the following statement in reaction to an article published on our website on Feb. 15: ”Lidl is not a partner in Nike’s marketplace strategy and we are not selling product to their business.” A spokeman for Nike would not say, however, whether it is in litigation with ...
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News briefs
Speedo partners with a Finnish retailer to promote swimming
Acting in cooperation with a Finnish retail member of Intersport, Speedo has signed a multi-year sponsorship deal with the Finnish Swimming Association. As part of the agreement, Intersport Sello will launch two online stores, one for active swimmers and other for recreational swimmers. The aim is to develop the position ...
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News briefs
Heyconnect is helping Fila with German marketplaces
Fila is entering the German marketplace business through Heyconnect, a start-up in Hamburg that helps brands establish an online presence. Heyconnect will be serving as the sports brand’s hub for the marketplace business, logistics, partner management and brand development in the country. Fila’s German foray is beginning with the e-tail ...
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News briefs
Adidas introduces new Terrex goggles
Marcolin, which has replaced Silhouette as the eyewear licensee for Adidas. has introduced two new Adidas Terrex snow goggles with interchangeable lenses. E-Sun’s Varia and Kolor Up lenses are both toric, but Varia adjusts to ambient light through three categories of sun protection categories within 40 seconds, while Kolor Up ...
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News briefs
Nike opens a concept store at Citadium Paris
Nike has opened a concept store, called “Nike by Haussmann,” on the third floor of the Citadium lifestyle-oriented department store at 50-56 rue Caumartin, near Boulevard Haussmann in central Paris. The 615-square-meter mono-brand store occupies the totality of the floor space. Although it offers both men’s and women’s products from ...
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News briefsZalando joins the Ellen MacArthur Foundation
Zalando has joined a circular economy network by becoming a member of the U.K.-based Ellen MacArthur Foundation. The German online retailer said that the collaboration is in line with its commitment to apply the principles of circularity and extend the life of at least 50 million fashion products by 2023. ...
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News briefsPentland Connect cross-brand ordering platform attracts 1,200 retailers
With online shopping picking up during the coronavirus pandemic and retailers adapting to an unpredictable retail climate, Pentland Brands has expanded its B2B online offering through its Pentland Connect platform for retail clients. Retailers can now order products from across the brand’s portfolio 24/7. According to the group, since its ...
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News briefs
Didriksons pop-up in Paris
As reported by Sportfack, Didriksons is opening a temporary showroom in the Le Marais district of Paris at 12 Rue Notre-Dame de Nazareth. Didriksons’ offering has been available to French customers for a little over a year, but only through e-commerce at didriksons.com. The brand, founded in 1913 in Grundsund ...
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News briefs
Intersport Austria stretches payment terms for members
Due to the negative development of the winter season caused by the pandemic in Austria’s tourist regions, Intersport Austria has set up extensive support measures for its affiliated dealers. It is granting a 12-month deferred payment to more than 100 of them for all deliveries of winter goods from its ...
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News briefs
Adidas among top 100 most sustainable firms, although down in the ranking
Adidas has been named among the most sustainable companies in the world in the global Corporate Knights 2021 ranking, an annually updated index of the Global 100 most sustainable corporations in the world. Adidas took the 76th spot with an overall score of 59.6 percent, down from the 55th spot ...
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News briefs
Amazfit smatwatches now on sale at Argos stores in the U.K.
Argos is the first nationwide retailer in the U.K. to become an authorized dealer of Amazfit products. The products on sale at Argos stores are limited for now to four of the company’s newest smartwatches: the GTS 2, the GTS 2 mini, the Neo and the GTS 2e. First launched ...
