Latest Retail News & Analysis – Page 123
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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
Crocs builds new distribution center in the Netherlands
Crocs will be building a new distribution center in the Netherlands. located in the Dutch city of Dordrecht. It will be the company’s largest European distribution center, covering 35,000 square meters. The project will create 200 to 350 jobs. The distribution center will serve as storage for Crocs’ online store ...
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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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ArticleOpinion: Amazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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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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Article
China grows again for Adidas
Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total turnover ...
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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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Article
Karstadt Sports and SportScheck to get closer or divorce
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching ...
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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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Article
Karstadt Sports is integrated more closely with SportScheck
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. ...
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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
Schildkröt's owner opts for rail freight for goods made in China
MTS-Sport, a German producer and distributor of sporting goods, has decided to rely on transportation by train for goods manufactured in China. Over the next few weeks, the company will increase the amount of rail freight and stop using transportation by boat. Due to production delays caused by the ...
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News briefs
Galeria Karstadt Kaufhof to centralize sports logistics
While threatening to close about one-third of its department stores, Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided to centralize the logistics for its sporting goods segment, using some extra capacities at its ...
