Latest Retail News & Analysis – Page 41
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ArticleFirst SSU subsidiary files for insolvency
Rumors are swirling: While Signa Sports United (SSU) offshoot Internetstores GmbH (Addnature, Bikester, Brügelmann, Campz, Fahrrad.de, Probikeshop) is said to have informed its suppliers of impending insolvency in self-administration and British affiliate WiggleCRC is believed to have done the same in its home country, German Tennis-Point GmbH has already filed ...
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News briefsTopsports Intl. turns higher sales, profits in H1
Chinese sportswear retailer Topsports Intl., which works with 14 leading sports brands including Nike and Adidas, reported a 16.7 percent increase in H1 profit attributable to shareholders to 1,337.20 million yuan renminbi (€173.0m) for the six months ended Aug. 31. Six-month operating profit improved by 9.2 percent to RMB 1,725.9 ...
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ArticleRental and second-hand markets contribute nearly £7bn to UK economy
A study by Barclaycard Payments has found that UK retailers are benefiting from the growing recommerce economy. 76 percent of retailers now offer more sustainable shopping formats that include rental, reuse and resale offerings. Barclaycard Payments partnered with Development Economics to combine thousands of responses from UK consumers with demographic, ...
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News briefsSpanish retailer solidifying its image
According to Diffusion Sport, Atmósfera Sport has spent the year unifying its corporate image in its stores. The Spanish retailer began the refurbishments in January with 37 stores and by September had raised the number to 68, with another 50 or so planned for early 2024. Its 335 franchisees operate ...
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News briefsAmazon to launch in South Africa in 2024
Amazon announced that Amazon.co.za will launch in 2024, offering South African sellers the opportunity to reach customers across the country starting next year. Amazon says that more than 60 percent of sales on its store are made by independent sellers, most of which are small and medium-sized businesses that offer ...
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News briefsPeloton expands to Austria via Amazon and Sport-Tiedje
US fitness company Peloton has announced its expansion into Austria, its fifth international market outside the US in addition to Canada, the UK, Australia and Germany. Peloton Bike, Bike+ and select accessories are now available in Austria through Amazon. Sport-Tiedje, the leading specialty retailer of home fitness equipment in Europe, ...
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News briefsLargest SSU shareholder terminates unconditional equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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ArticleGerman retail chain SportScheck to be acquired by Frasers
Frasers Group announced that it has reached a binding agreement with Signa Retail Department Store Holding GmbH to acquire German sports retailer SportScheck. Signa had once acquired SportScheck from the Otto Group. The most recent news surrounding Signa already suggested that some of its brands might be divested from the ...
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News briefsSpanish retailer Oteros Sport exits bankruptcy and draws expansion plan
Spanish athletic footwear retail chain Oteros Sport, which entered bankruptcy in September 2022 due to the impact of the Covid-19 pandemic, has announced that it has been authorized by a commercial court in Cordoba to continue its operations. The company is therefore maintaining its 66 locations and 249 jobs and ...
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News briefsFootway’s sales fall, losses widen in Q3
Swedish Footway Group AB, the operator of specialized online stores, which has been undergoing restructuring since July 25 this year, has presented its latest figures for the third quarter of the current fiscal year. Sales amounted to 136 million Swedish kroner (€11.77m) compared to SEK 261.6 million (€22.63m) in the ...
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News briefsDPS announces trade-in program for used skis
U.S.-based ski manufacturer DPS Skis has launched Revive, a new program that offers customers the opportunity to trade in qualifying used DPS skis for a credit toward new DPS skis and equipment. The credit is up to $500, depending on the condition of the traded-in ski. Upon receipt, DPS will ...
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News briefsPádel brand invites you to rent before you buy
StarVie has introduced eight-day pre-purchase rentals for pádel racquets. The fee per rental is €22.90 and includes the costs of shipping to and from the customer and of insurance to cover any damage to the racquet. The racquet is delivered to and collected from whatever address the customer provides. If ...
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ArticleFitFlop targets pan-European expansion with new logistics partner
The London-based footwear company FitFlop has selected Bleckmann as its partner to provide omnichannel logistics for its clients in the UK and the EU. The five-year agreement is designed to support FitFlop’s “rapid growth in its home market while providing scope for streamlined expansion across the EU,” according to a ...
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News briefsSpanish e-tailer hits three more European markets
Deporvillage has inaugurated three more e-commerce sites – for Denmark, the Netherlands and Poland. According to sales director Alex Reina, who has spoken with CMDsport, the Spanish specialist in cycling, running and outdoor sports believes that the Netherlands could become a key market in three to five years, as early ...
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News briefsFrasers Group acquires greater stake in XXL
XXL’s share price rose significantly on the Oslo Stock Exchange after Britain’s Frasers Group acquired 117 million shares in the troubled Norwegian sporting goods chain on Tuesday, now owning 162 million shares, which – according to E24 – equals 9.75 percent of the total shares and 12.16 percent of the ...
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News briefsFútbol Emotion branches out
A specialty retailer until now, Fútbol Emotion is branching out into a new sport – indeed, new sports. As we’ve learned through Diffusion Sport, CEO and co-owner Carlos Sánchez has detailed the plan to infoRetail. “We’d like to take our know-how in football and export it to other sports, and ...
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ArticleGerman e-commerce lacks positive impetus
Weak consumer sentiment continues to leave its mark on German online retail. Compared with the same quarter in 2022, according to the German e-commerce and mail order retail association (bevh), online sales of goods (including VAT, not price-adjusted) fell by 13.9 percent across the sector from the beginning of July ...
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ArticleIntersport Voswinkel invests in growth, opens 50th store
German retailer Intersport Voswinkel is celebrating its 50th location with the opening of its new 1,100-sqm sports store in Hanau, underlining its growth course, with more Voswinkel stores to follow. Source: Intersport Intersport Voswinkel Hanau Source: Intersport Marcus Neul “We want to continue to ...
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News briefsNike’s virtual shoe goes real-life
Nike’s digital member platform .SWOOSH is launching its first-ever real sneaker, designed exclusively for its members: The Air Force 1 Low TINAJ (“this is not a jpg”). According to the .SWOOSH blog, customers must have uncovered one or more OF1 boxes by Oct. 16 to enjoy exclusive access to the ...
