Latest Retail News & Analysis – Page 75
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News briefsMunich to open six stores
Munich is continuing to expand in Spain, adding six brand stores to the 24 it already operates, according to Diffusion Sport. There is a new corner shop at the El Corte Inglés store in Marbella. An outlet in Viladecans, open since June, is specialized in bags and accessories. Another two ...
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News briefsDecathlon and Intersport setting up recycling bins
Decathlon and Intersport are setting up bins in their stores in which customers can deposit used sporting goods (textiles excluded), for recycling or other secondary use, according to the French financial paper Les Echos. Both retailers have joined the network of a non-profit organization called Ecologic, and their full system ...
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News briefsJD Sports appoints retail expert to chair its board
JD Sports Fashion has appointed Andy Higginson as chair of the group, effective July 11. The appointment follows an extensive search process conducted by the board with the support of an external executive search firm, the company said in a statement. Higginson is a highly experienced and proven retailer and ...
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News briefsBlue Tomato opens first store in Sweden
Boardsports and streetwear specialist Blue Tomato has chosen Gothenburg for its first Swedish shop. The 260-square-meter retail store is located at Vallgatan 34. Blue Tomato was founded in 1988 by Austrian snowboarder Gerfried Schuller and opened its first store in 1994. Since 2012, the company has been owned by U.S.-based ...
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News briefsLotto to expand retail footprint in Southeast Asia
WHP Global has announced a partnership with MAP Active (MAPA) for the Lotto brand. Under the terms of the agreement, MAP Active will serve as Lotto’s regional partner across Southeast Asia to further expand the retail footprint of Lotto’s apparel, footwear and accessories business. The partnership involves an omnichannel approach ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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News briefsWorld’s first community-owned e-com platform launches, plans IPO
U.K. tech company WeShop is launching the world’s first community-owned social e-commerce platform, offering consumers shares in the group with every purchase. The company plans to give up to 90 percent of its business to shoppers and aims to be listed on New York’s Nasdaq within 12 months to compete ...
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News briefsVeja opens first Berlin store
Source: Veja Veja Store Berlin The French sneaker brand Veja has opened its first store in the German capital. Located in the central and historic district of Berlin Mitte, the footwear brand offers its line in a 100 sqm shop. Veja’s minimalist corporate design is already found ...
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ArticleIntersport Germany: Growth in challenging times, new store opens in Bad Homburg
On the occasion of the opening of the new Intersport Krumholz store in Bad Homburg near Frankfurt am Main, Dr. Alexander von Preen, CEO of Intersport Germany, gave an interim assessment of the current situation in the sporting goods market and the development of the cooperative.
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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News briefsDecathlon France has selected a new CEO
Source: Decathlon Bastien Grandgeorge is to become CEO of Decathlon France. The change will occur on Oct. 1, at the end of the term of co-CEOs Arnaud Gauquelin and Fabrice Lisardi, who will be taking up other posts in the company. Grandgeorge has been working his ...
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News briefsPuma partners with mobile linking specialist Branch on first global e-com app
Puma and Branch, an omnichannel mobile linking and mobile measurement platform, have partnered to successfully launch and grow Puma’s first global e-commerce app. The rollout began in June with the launch of the Puma app in India (SGI Europe reported). The companies are working together to drive fans and consumers ...
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ArticleSales up by 18.3% at Decathlon Spain
Decathlon Spain generated revenues of €2.034 billion (VAT included) in 2021, for a year-on-year increase of 18.3 percent. Net profit amounted to €96.7 million, of which €19 million was shared with its 11,910 employees. The Decathlon group’s revenues were up by 12.5 percent for the year. Online sales reached €326 ...
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News briefsNew French sales rep for Polygiene
Source: Polygiene Jean Charles Marchionni, new Polygiene sales Agent France Polygiene is expanding its Central European team. From July 1, French sports and outdoor industry veteran Jean Charles Marchionni will start as a new sales agent for the Swedish group. Marchionni is well-known in the industry as ...
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ArticleIntersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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News briefsStockX to lay off 8% of its workforce
According to several media reports, the sneaker marketplace StockX announced this week that it will lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people, so the number of layoffs is likely to be 120 or more. StockX cited “macroeconomic challenges currently impacting our global ...
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ArticleVertical Block Exemption Regulation -
VBER 2022: Guidelines for the new EU-wide distribution lawThis article provides you with everything you need to know about the new EU-wide distribution law: Vertical Block Exemption Regulation (VBER). It is one of the most important regulations for everybody in the trade business.
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ArticleGerman consumer climate falls to new record low
According to GfK, German consumers were more uncertain than ever in June 2022. At minus 27.4 points, consumer sentiment has never been lower since the first German consumer climate survey in 1991. Above all, German consumers are more pessimistic about their own income than they have been for decades. According ...
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News briefsZalando revises full year outlook due to macroeconomic challenges
Zalando has issued an update for Q2 2022 and revised its guidance for the financial year 2022 due to a further deterioration in macroeconomic conditions during the second quarter, with the EU consumer confidence index decreasing further in June, the company said. The Berlin-based online platform for fashion and lifestyle ...
