Latest Retail News & Analysis – Page 116
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News briefsDecathlon benefits from multi-channel model in Germany
Decathlon Germany will close the 2020 fiscal year with seven new openings and two expansions. They will more than offset the closure of five units including the French company’s first outlet in the country, opened in 1986 in the Kley district of Dortmund, and the small Decathlon Connect store opened ...
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RETAIL
+++ Burton Snowboards’ first Scandinavian store has opened in Stockholm, taking the place of a former bike and coffee shop at Norrlandsgatan 20 +++ Oct. 16 is the date set for the opening Goldwin’s first European flagship store in Munich’s Schäfferhof +++ Canada Goose is set to open its first ...
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Article
Adidas completes green bond offer
Adidas has announced the successful placement of its first sustainability bond, whose offer was more than five times oversubscribed. The €500 million bond carries a 0.00 percent coupon and has a duration of eight years. It is divided into five equal tranches and will be listed on the Luxembourg Stock ...
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News briefs
Himaraya books a loss, citing the Olympics’ cancellation
The postponement of the Tokyo 2020 Olympics and the cancellation of many other sports events weighed on Himaraya’s performance. The Japanese sporting goods retailer ended with a loss of 789 million yen (€6.3m-$7.3m) in the fiscal year ended on Aug. 31, compared with a net profit of ¥587 million for ...
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News briefs
Save the Duck opens its second Milan store
Known for outerwear made exclusively with animal-free and “cruelty-free” materials, Save the Duck was,in June of last year, the first Italian fashion company to receive B Corp certification for the sustainability of its products and processes. In contrast with Moncler or Canada Goose, it produces its stylish jackets and parkas ...
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News briefs
Two Norwegian distributors join forces
Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic. As reported by the Norwegian Sports Industry Association, Invest42, until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response Nordic, which is already ...
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News briefsHuski Wear, a new Swedish-based skiwear brand
With the backing of a Chinese firm and a brand of hot chocolate, three veterans of the sports apparel industry, Lena Claesson, Magnus Liljeblad and Jonas Olsson, have launched a digital-only brand of sports apparel in Gothenburg, Sweden, called Huski Wear. Claesson was formerly design and product director at Peak ...
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News briefs
Changes in the sales team at Chris Sports
Chris Sports, a Swiss distributor for numerous sports, bike and outdoor brands such as Giro, Kari Traa, Keen, Elevenate, Evoc and Mountain Hardwear, is reorganizing its business unit for hardgoods and bike products in the same way as its softgoods/shoes department – with only one sales manager – due to ...
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ArticleVulcabras takes over Alpargatas’ Mizuno license
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Vulcabras Azaleia focusing on sports with its Olympikus brand and the distribution of Under Armour in Brazil, while getting out of the women’s sector and taking over a Mizuno license from Alpargatas, which will concentrate on its ...
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News briefs
Unify distributes Nixon in the U.K.
Nixon, the California brand of lifestyle watches and other accessories, has announced a distribution contract for the U.K. with Unify Brand Partnerships, effective immediately. The partnership covers Nixon’s full range of products, including its new line of backpacks, convertible duffels, totes and other carry products made with Reprieve Our Ocean ...
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News briefs
WMDUK to distribute Spy+ in the U.K.
Bollé Brands has appointed VMDUK for the distribution in the U.K. of Spy+, the Californian brand of action sports sunglasses, prescription frames and winter products. Founded in 1994 in San Diego, the brand was taken over by Bollé Brands in September 2019 it was taken over by Bollé Brands, which ...
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Article
Slinger Bag teams up with Dunlop in Europe
Slinger Bag has announced a landmark deal for its game-changing tennis ball launcher with Dunlop, appointing the Sumitomo Rubber subsidiary as its exclusive distributor for several years in France, Germany, Austria, Italy, the Benelux countries, Spain and Portugal. With this distribution contract, which will essentially double its international exposure, and ...
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News briefs
Puma appoints new distribution GM for EEMEA
Puma has assigned Johan Kuhlo to a new position as general manager in charge of distribution for Eastern Europe, the Middle East and Africa (EEMEA). Kuhlo, who has been lately the company’s head of corporate strategy and investor relations, will be working out of the German company’s regional hub in ...
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Article
Intersport and 11teamsports strike long-term cooperation
The leading German football retailer, 11teamsports, has become a long-term cooperation partner of the five-country retail group around Intersport Germany. It is combining its strong online presence and the operations of its 30-plus physical stores in the DACH region with the buying and marketing power of Intersport. There will be ...
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News briefs
BasicNet reacquires the Kappa brand in Japan
China Dongxiang has agreed to sell the rights to the Kappa brand in Japan for $13 million. BasicNet plans to give a major boost to brand’s development in the country, where Kappa generated sales of $30 million in 2019 through Phenix and its licensees. China Dongxiang will continue to focus ...
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Article
The Norwegian retail merger can go through
The Norwegian Competition Authority has announced its endorsement of the proposed business combination between Gresvig, the Norwegian licensee of Intersport, and Sport 1 Gruppen. The two new partners are the largest sports retailers in the country after XXL Sport. As planned, they will form a new common entity, called Sport ...
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DISTRIBUTION
+++ Zanier is taking over the distribution in Austria of Eurosport Nutrition +++
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RETAIL
+++ Amazon and Tottenham Hotspur will reportedly partner open a new club store +++ Mizuno has turned an ephemeral store in downtown Turin into its biggest mono-brand store in Europe, measuring 200 square meters +++ Peak Performance has opened a store in central Hamburg +++
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Article
Action in and around the Danish sports retail market
Russia’s leading sporting goods retailer, the Sportmaster Group, had no immediate comment on a report in the Danish press that it intends to develop the Sportmaster banner all over Europe, after turning around the Danish retail operation by the same name, which it bought at the end of last year, ...
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Article
On launches a unique “circular” subscription service
On Running seems to have found a very clever way to engage customers. Like Peloton Interactive’s subscription system for fitness workout programs, its new Cyclon project is designed to maximize customer retention though subscriptions, but at the same time, it will be reinforcing the Swiss brand’s image as a supporter ...
