Latest Retail News & Analysis – Page 72
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News briefsFirst Decathlon City to open in Canada this summer
Decathlon is opening its first-ever Decathlon City in Canada. It will be located in Toronto’s Union Station at 65 Front Street W. The opening is scheduled for August, based on the company’s website, although a specific date is yet to be communicated. Decathlon City at Union Station will give customers ...
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News briefsWellness takes center stage at Galeries Lafayette in Paris
Galeries Lafayette has revealed a new 3,000-square-meter “Wellness Galerie” at its flagship location in Paris’ boulevard Haussmann. The new feature, which will become fully operational in early September, is set to occupy the entire minus-one floor of the building. The offering at the Wellness Galerie revolves around the three core ...
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News briefsIncome soars at Planet Fitness
Net income at Planet Fitness was up by 67 percent for the second quarter of this year and by 105 percent for the half, reaching €25.1 million and $43.4 million, respectively. The U.S. gym franchisor and operator’s revenues for the quarter and half amounted to $224.4 million (up by 63.5%) ...
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News briefsLi-Ning opens store featuring fast conveyer belt system
Beijing-based sportswear brand Li-Ning has opened its first ”urban custom store,” as the company has called it. Officially opened on Aug. 4, the store is located on the second floor of the Juntai shopping complex, within Beijing’s Xidan shopping area. The store is the brand’s first to feature an “intelligent ...
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News briefsUnited Sports Brands chooses Nogin to optimize e-commerce performance
California-based United Sports Brands (USB) has agreed to a multi-brand Commerce-as-a-Service (CaaS) deal with Nogin, also based in California. CaaS is a cloud-based approach that allows brands and merchants to handle e-commerce while avoiding having to purchase, implement and manage the underlying infrastructure. As part of a three-year agreement, USB ...
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News briefsThe Athlete’s Foot announces Joe Delphry’s seven store franchise transition
The Athlete’s Foot (TAF) announced that Joe Delphry, a TAF franchise owner since 1999, has transitioned his seven stores to The Dahir Group. Delphry and The Dahir Group’s Shady Dahir have been friends for years, a press release states, and TAF is “thrilled that the legacy of Joe’s stores will ...
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News briefs
Adidas with e-com-linked supermarket pop-up in Singapore
The Straits Times reports that Adidas has partnered with e-commerce platform Zalora, a leading Asian fashion online store, to launch a supermarket pop-up concept in Singapore. The pop-up at a local supermarket at the Bugis Junction shopping center on Victoria Street, which runs until Aug. 12, features exclusive Adidas items ...
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ArticleHow should product price differences in the EU be treated in light of geo-blocking?
Online shops: Is geoblocking permitted in cross-border sales? What is the law; what is there to know? Our legal expert brings light to the matter and explains the EU Geo-Blocking Regulation.
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News briefsSales up for H1 at Base Detall Sport
Sales for the first half of 2022 were up by 14 percent year-on-year at Base Detall Sport, according to Palco23. The Spanish buying group’s sell-out for the period was up by 10.5 percent. Base attributes this success to the three-part plan – verticalization, digitalization, and expansion – that it adopted ...
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News briefsNew Balance returning to the Iberian Peninsula
As planned, New Balance will be opening its first stores on the Iberian Peninsula since January’s closing of all 22 of its stores there, Palco23 reports. The first two for Spain will be in Las Rosas Village in Madrid and La Roca Village in Barcelona. Outlets will follow at Rambla ...
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News briefsFacebook Live Shopping shuts down
Source: Meta / Facebook Effective Oct. 1, 2022, retailers will no longer be able to host new or planned live shopping events on Facebook, Meta announced in a blog post. Facebook Live can still be used to broadcast live events, but it will not be possible to ...
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ArticleGlobal gym accessories market growing at 6.2% CAGR to 2031
The global gym accessories industry was estimated at $6.51 billion in 2021 and is expected to reach $12.01 billion by 2031, registering a compound annual growth rate (CAGR) of 6.2 percent from 2022 to 2031, according to a new report by Allied Market Research. The experts said that the growth ...
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News briefsDecathlon partners with Zeus Labs for U.K. distribution
Decathlon has chosen London-based start-up Zeus Labs to help handle its U.K. freight. Zeus now reportedly handles nearly half of all the retailer’s restocking in the U.K. Zeus was founded by Jai Kanwar and Clemente Theotokis in 2019. It’s a digital freight platform with a vision to drive efficiency in ...
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News briefsAlibaba appoints two new independent directors
Alibaba Group announced that Irene Yun-Lien Lee, chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former chairman of Ernst & Young China, have been appointed to the company’s board as independent directors, effective Aug. 4. Following these appointments, the company’s board currently consists of twelve directors, including ...
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News briefsAlibaba’s e-com sales decline
In Alibaba’s first quarter ended on June 30, revenues fell very slightly to 205.6 billion yuan renminbi (€29.7bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.9 billion (€20.5bn), offset by revenue growth of the cloud ...
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ArticleeBay exceeds expectations in Q2, sees ongoing global challenges
Online platform eBay has beat analysts’ earnings expectations in its quarterly report for the second quarter of 2022. According to the board, the e-commerce company’s focus on higher-priced products and the sneaker product category mitigated the impact of spending restraint and weakness in some European markets. eBay forecast revenue between ...
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ArticleZalando publishes Q2 figures and reveals adjustment plans to improve order economics
With the release of its second quarter 2022 figures, Zalando has expressed confidence in returning to profitability in the second half of 2022 with a set of measures to address the volatile market environment. In the second quarter of 2022, the number of active Zalando customers grew to over 49 ...
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News briefsAllbirds lays off 3% of its employees
Allbirds, the San Francisco-based DTC footwear brand that went public in 2021, confirmed that it is laying off 23 employees. The layoffs were first posted on startup layoff portal Layoffs.fyi and then reported by SFGATE.com. “We have thoughtfully evaluated roles and processes in each department, and each market, to ensure ...
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News briefsFoot Locker releases updated report on LEED initiative
Foot Locker has released its second annual progress report detailing its efforts to support the Black community globally. The Leading Education & Economic Development (LEED) Initiative, launched in June 2020, is the company’s $200 million commitment to the Black community. Through the end of FY21, Foot Locker says it has ...
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News briefsFirst German NBA Store will open this fall
The National Basketball Association (NBA) and Fanatics have announced that an NBA Store will open this fall in Berlin. The new store, located at Alte Potsdamer Straße 7, in The Playce at Potsdamer Platz, will be operated by Lids. The opening will mark the first NBA Store in Germany and ...
