Latest Retail News & Analysis – Page 33
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News briefsCisalfa inaugurates large store, plans 10 openings in 2024
Cisalfa Sport has opened a new store in Rovereto, in Italy’s mountain region of Trentino Alto Adige. It is the retailer’s first store opening in 2024. The new 1,500-square-meter store sells sportswear, activewear and citywear from more than 100 brands. The store reportedly represented an investment of nearly €700,000, according ...
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News briefsAlo Yoga strengthens its Canadian retail presence
American activewear brand Alo Yoga has opened its first store in the Canadian province of Quebec. The new 490-square-meter outlet, inaugurated on Feb. 2, is located at the CF Carrefour Laval shopping mall. Alo Yoga, known for its yoga and wellness collections, opened its inaugural Canadian store at CF Toronto ...
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News briefsCastore opens a new concept store in Dublin
Castore has unveiled its new flagship concept store on Grafton Street in Dublin. Spreading over 157 square meters on two floors, the store features the brand’s own products, including the Light Collection and the new Reiss x Castore SS24 collaboration. Shoppers can purchase teamwear from Leinster, FAI, McLaren and Red ...
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News briefsBullpadel victorious in commercial court
Spain’s Provincial Court of Murcia has confirmed the sentence of the same province’s Third Commercial Court against Team Sport DM S.L., the company behind the e-commerce websites padeliberico.es and padelman.net – as Diffusion Sport and others have reported. Bullpadel brought suit against Team Sport for an apparent bait-and-switch operation. As ...
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News briefsShopify’s AI-powered updates boost merchant productivity
E-commerce giant Shopify unveiled over 100 updates in its Winter ’24 Edition, a biannual showcase of the latest products and innovations to significantly boost merchant productivity and creativity. Among the highlights is the introduction of Semantic Search, an AI-powered storefront search feature developed in response to evolving customer search behaviors. ...
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News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
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ArticlePayPal introduces six new checkout innovations
PayPal and Venmo have unveiled a revamped checkout and guest checkout experience. Additionally, they’ve launched a new advanced offers platform for merchants and a new consumer app aimed at earning cash back and providing customers with more incentives to shop with PayPal. The new updates on Venmo are designed to ...
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News briefsCoupang completes acquisition of Farfetch
Coupang, Inc. announced on Jan. 31 that it has completed the acquisition of the assets of global online luxury company Farfetch Holdings plc. With access to $500 million in capital, this acquisition enables Farfetch to continue providing its renowned services to its brand and boutique partners and more than four ...
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News briefsTradeinn hits a half-billion in annual revenues
The Spanish e-tailer Tradeinn, as Diffusion Sport reports, rounded out its full year 2023 with revenues of about €500 million, a milestone in its history and a meeting of its projection from June. The total represents an increase of 15.2 percent from the €434 million for the full-year 2022 and ...
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News briefsEl Corte Inglés is the latest signatory to Spain’s SCRAP
El Corte Inglés has become a member of Spain’s Association for the Management of Textile and Footwear Residues. In its brief history – it was founded a year ago, last January – the association has obtained the membership also of Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam. It was ...
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News briefsTemu opens doors to US and European sellers
Temu, a Chinese shopping marketplace known for its low-price offers, is set to welcome both American and European sellers onto its platform starting March 15. Unlike Chinese sellers, who must send products in bulk to Temu’s warehouses in China, European and American partners can ship their goods directly to customers. ...
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ArticleGerman e-commerce sales bottom out
Consumers’ lower propensity to shop was once again reflected in significantly lower overall sales in German e-commerce in 2023, according to the German e-commerce association bevh. Gross sales of consumer goods fell by 11.8 percent to €79.7 billion for the first time in 2023, compared to €90.4 billion in the ...
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News briefsEbay slashes 1,000 jobs amid economic struggles
In a recent internal memo made public, eBay’s CEO, Jamie Iannone, announced plans to reduce the company’s workforce by 9 percent, amounting to approximately 1,000 jobs. The memo cited external challenges, including a “challenging macroeconomic environment,” as reasons for the downsizing, noting that the company’s expenses have outpaced its business ...
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News briefsSigna’s KaDeWe Group files for insolvency
Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...
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ArticleSeveral potential buyers for SportScheck
The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...
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News briefsNew CSR Manager at Sport Conrad
Source: Sport Conrad Maria Ries The German multichannel sports retailer Sport Conrad has appointed Maria Ries to the position of CSR Manager on Jan. 1, 2024. She takes over from Stefanie Buchacher, who has played a key role in shaping the company’s sustainability strategy over the past ...
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News briefsSwedemount successfully confirms reconstruction plan approval
Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...
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News briefsSurge in shoplifting hits England
Shoplifting offenses are on the rise across England and Wales, reaching a 20-year high, as reported by the Office for National Statistics (ONS). Police recorded over 400,000 incidents in 2023 up to September, marking a 32-percent increase from the previous year. Retailers in England and Wales are grappling with a ...
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ArticleIntersport Germany continues to grow in 22/23
Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...
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ArticleSport 2000 GmbH with stable development in 2023
The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...
