News briefs - Retail – Page 61
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News briefs
Decathlon grew by 26.4% in Germany in 2019
Correcting a German press report, the German subsidiary of Decathlon indicates that its net sales went up by 26.4 percent to €654 million in 2019. Online sales accounted for more than 20 percent of the French retailer’s sales in the country. Decathlon opened 16 stores in Germany in the course ...
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News briefs
Salomon opens its second Parisian store
Salomon has opened its second store in Paris. The new 220-square-meter store, opened on May 27, is located at 12 boulevard de la Madeleine, on one of Paris’ “grands boulevards.” Besides the brand’s products, the store offers 3D foot scanning and boot fitting services. The first Parisian store, opened two ...
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News briefs
Tradeinn on track for another stellar year
Pandemic or not, Tradeinn continues to grow. For the first five months of 2020, the Spanish sports e-tailer exceeded €100 million in sales – more than half of last year’s total of €188 million. Its objective for the whole of 2020 – according to the founder and chief executive, David ...
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News briefs
Intersport Germany denies corona-related problems
Intersport Germany denies rumors in the German press that it might be facing financial difficulties because of the coronavirus crisis. According to SAZ, some retailers affiliated with the cooperative created new companies outside of Intersport in order to continue receiving supplies from the producers without its financial backing. Declining to ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the VAT rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants from 19 ...
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News briefs
Hervis Sport reopens flagship store in Salzburg
Hervis Sport, one of Austria’s major sporting goods chains, recently reopened its store in the Europapark shopping center in Salzburg, offering many new services and features. The 1,900-square-meter flagship contains a shop-in-shop for Hervis’ private outdoor brand, Kilimanjaro, as well as a bike repair station with a free ”bike check.” ...
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News briefs
McArturGlen to launch rent relief package for its retail partners
McArthurGlen, the international operator of designer factory outlet centers, has launched a rent relief package for its retail partners until the end of this year. The group is waiving all minimim base rent, turnover-based rent and marketing charges for tenants in all of its centers that were closed from April ...
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News briefs
Zalando will be subjecting its partners to sustainability standards
Zalando is implementing standards for the measurement the social and environmental sustainability of its operations and, in time, those of its business partners. Specifically, the German e-tailer is adopting the Higg Brand & Retail Module (BRM), developed by the Sustainable Apparel Coalition (SAC) and its subsidiary, Higg Co. The BRM ...
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News briefs
Online conference by Ispo on June 30 and July 1st
Ispo will host a digital conference on June 30 and July 1 to take the place of the previously planned Ispo SDG Summit in Munich. Called Ispo Re.Start Days, the conference will focus on “Beyond Digitalization,” “Beyong Sustainability” and “Beyond Health.” Following the cancellation of the OutDoor by Ispo trade ...
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News briefs
Adidas teams up with Allbirds
Adidas announced today a collaboration with Allbirds, the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas says the project is ...
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News briefs
Sportmaster managed to avoid staff cuts
In contrast with earlier reports, Russia’s biggest sporting goods retailer managed to avoid the threatened elimination of nearly 2,000 jobs from its payroll because of the retail lockdown introduced in Russia to slow down the spread of Covid-19. Roughly 1,800 Sportmaster employees found temporary jobs with some major Russian food ...
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News briefs
Temporary layoffs stop at XXL in Norway and Finland
A recovery in the demand for sporting goods products in Norway and Finland has led XXL to cancel all the temporary layoffs that it had announced on March 23 due to a considerable sales decline caused by the Covid-19 situation. Sales normalized in April and have picked up recently especially ...
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News briefs
Sports Direct blasts at delayed store reopenings
The Frasers Group, the British company formerly called Sports Direct International, announced on May 22 that it would continue to guarantee full payment of its employees’ wages in the U.K. through the end of this month, as it did in April, but it’s not sure whether it will continue to ...
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News briefs
Adidas launches reusable face mask
Adidas has launched its own washable face mask to help consumers battle the coronavirus pandemic. It is called Face Cover and is made from a soft and breathable material, using a minimum of 40 percent recycled content. Face Cover is not a medically graded mask nor a Personal Protective Equipment, ...
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News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba, the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved its ...
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News briefs
Maynards to auction two Adidas pilot production facilities
Maynards Europe, the global liquidation and auction specialist, working in conjunction with U.S.-based Heritage Global Partners, are to sell the entire manufacturing equipment of two unique production lines established by Adidas. The facilities were previously a part of a pilot flexible-design manufacturing project, called Speedfactory, for small runs of custom-designed ...
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News briefs
VF Corp. looks at virtual reality
VF Corp. is exploring virtual reality as part of its strong investments intending to become “hyperdigital.” Cemtrex has announced that it has received an order from VF to create a virtual reality (VR) application. The VR application, which is due to be delivered within the current quarter, aims to create ...
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News briefs
Nike stores are reopening
As of May 14, all of Nike’s owned stores and more than 95 percent of its partner stores in Greater China and South Korea were open, although some still have shortened hours. Store traffic there remains low, according to Nike, but overall retail traffic and conversion rates are rising and ...
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News briefs
Fedas fears big sales losses for sports retailers
The Federation of European Sports Retailers (Fedas) has developed a plan of action to improve the protection of employees, customers and particularly vulnerable persons in the retail sector from coronavirus infection. The concept was developed under the leadership of Peter Bruggmann, vice president of Fedas and president of the Swiss ...
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News briefs
Adidas pairs Covid-19 donations to exercise tracking apps
Adidas is launching the #HomeTeamHero Challenge to support the Covid-19 pandemic’s essential workers. For every hour of app-tracked exercise from May 29 to June 7 Adidas will donate $1 to the Covid-19 Solidarity Response Fund of the World Health Organization (WHO). The objective is to reach one million hours. The ...
