Latest Retail News & Analysis – Page 127
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News briefs
Ecco restructuring its European sales
In an effort to get closer to consumers, Ecco has decided to restructure its European sales organization, decentralizing the management of its wholesale operations. They will be led by a dedicated general manager in each of the three European regions. In the framework of this reorganization, Erik Heldoorn, sales director ...
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News briefs
Alltricks goes offline
Alltricks, the French-based e-tailer controlled by the Decathlon group since last September, is planning to open its fourth brick-and-mortar store. According to reports in sport-guide.com, the new Alltricks store will be located in Lyon-Bron, near a Decathlon store. With a surface of 280 square meters, it will be smaller than ...
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News briefs
Asos teams up with Nike for the Re:Set Lab
As reported by Fashion Network, Asos and Nike recently invited customers to take part in immersive or high-intensity classes in exercise, yoga, meditation, and arts and crafts such as candle-making, make-up application, terrarium set-up and illustration. The event, called Re:Set Lab, was held from Feb. 28 to March 1 at ...
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ArticleDaka Sport acquires Sportsworld
Daka Sport says it will become the largest independent, family-owned sporting goods retailer in the Dutch market in terms of sales and sales surface area following an agreement to take over the three remaining mega-stores of Sportsworld in the country and their 100-plus employees.
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Article
With higher sales and visits, Zalando pushes its marketplace
Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million.
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News briefs
Snowlife seeks to expand distribution abroad
(OIC) Snowlife, the Swiss family business specializing in ski gloves, wants to further strengthen its international distribution, which is now largely limited to agents in Italy, Austria and France, plus distributors in Spain, Russia and Eastern Europe. For this purpose, the company has appointed an industry veteran, Robert Demetz, to ...
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Article
Russian government postpones shoe tagging
Russia’s Prime Minister, Alexey Mishustin, has postponed the compulsory tagging of footwear in the domestic market from March 1 to July 1, according to a decree posted on the Russian government’s website on March 3.
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Article
Maus Frères creates a new group around Lacoste
Maus Frères Holding, the Swiss retail and wholesale conglomerate, has created a new entity, the MF Brands Group, or MF Group, to put together Lacoste, Tecnifibre, Aigle and its other sports and fashion brands under common management for greater “coherence, integration and internationalization.” The company, which was previously called Maus ...
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ArticleAdidas posts strong results, but warns about coronavirus impact
The year 2019 was a pretty good one for the Adidas Group. On March 11, the company reported revenue gains in all the regions, with Europe returning to growth, and strong increases in direct-to-consumer sales, while profit margins improved. However, the share price tumbled by about 10 percent as the ...
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News briefs
Adidas changes its practices in Spain
Adidas has avoided a fine from the Spain’s National Commission for Markets and Competition (CNMC) in exchange for voluntary changes to its franchising policy. The commission opened an inquiry after a franchisee in Spain accused the company of anti-competitive practices in November 2018. In essence, Adidas had different contracts in ...
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News briefs
Cycleurope rearranges Nordic distribution
Tony Grimaldi, the chief executive of Cycleurope, is set to establish a common management for all the Nordic countries, according to Sportfack. In view of this, Jonas Netterström, who became the CEO of Cycleurope’s Swedish subsidiary at the beginning of 2017, is set to leave the group for another position ...
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ArticleNautilus re-launches its digital platform
Significant reductions in expenses in the fourth quarter helped Nautilus to reach a net income of $3.5 million, up from $1.4 million for the same period a year ago, in spite of sharply reduced revenues and a lower gross margin.
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News briefs
Vernon expanding its distribution
(OIC) Vernon, the Danish sports distribution company, is expanding into new markets with the help of a Russian brand of rainproof and windproof apparel, Shu. Founded in 2012 in Saint Petersburg, Russia, Shu operates three stores (in its hometown, in Moscow and in Yekaterinburg), maintains its head office in Moscow ...
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ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
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Article
Uvex offers smart crash sensors
Uvex, the German producer of spectacles and helmets, has entered into a strategic distribution partnership for Germany and Austria with a German start-up, Tocsen, which has developed smart crash sensors that are compatible with ski and bicycle helmets and can quickly call for help in an emergency.
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News briefs
Patagonia Opens Second U.K. Store
Patagonia opened its second store in the U.K. earlier this month, in Bristol. It already has one in Manchester. The new 280-square-meter brand store will not only present the collections from the outdoor sports segments, covering climbing, snow sports, surfing and trail running, but will also serve as a meeting ...
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News briefs
JD celebrates the Superstar with Adidas
JD Sports Fashion, the U.K.-based retailer, and Kano, the British rapper, are helping Adidas to celebrate the 50th anniversary of its Superstar shoe. Their collaboration, called “3 Bar Superstar,” amounts to a talent search. This February, a mobile recording booth has been stopping at three malls in the U.K. – ...
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News briefs
Coronavirus depresses Adidas’ sales in China
Updating investors on the effects of the coronavirus on its business, Adidas said that it performed well in China during the first three weeks of 2020 but has since suffered a decline of about 85 percent as compared to the same period of last year. A number of the German ...
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News briefs
Nike changes the business model in South America
Claiming that it wants to move closer to its customers in the South American market, Nike said that it will in future concentrate its business in the hands of only a few distributors, meaning that it plans to close down some sales subsidiaries. Under Armour took a similar step recently, ...
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News briefs
Bertelsmann’s CEO is slated to be Adidas’ new chairman
The supervisory board of the Adidas Group has recommended the election of Thomas Rabe, who has been the chairman and chief executive of Bertelsmann since 2012, as its new chairman at the company’s annual meeting on May 9. Bertelsmann is a global German media, education and service group whose Ebitda ...
