Latest Retail News & Analysis – Page 79
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News briefsItochu acquires marketing and licensing rights for Reebok in Japan
Tokyo-based Itochu Corporation announced that it has reached an agreement for Reebok’s marketing and licensing rights in Japan. Reebok is owned by New York-based Authentic Brands Group (ABG). Adidas formally completed the divestiture of Reebok to ABG on Feb. 28, 2022. Itochu will start operations via Locondo, Inc., which is ...
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ArticleSwiss sports market with record growth in 2021
According to GfK Switzerland, the Swiss sports market (excluding bicycles), like other non-food markets, benefited from the pandemic and recorded a 14 percent increase in growth to just under 2 billion Swiss francs, thus reaching record levels. For once, all sectors contributed to the double-digit sales growth: Hardware with +11 ...
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News briefs
General Assembly confirms Intersport Germany's “Best in Sports” strategy
At the General Assembly of Intersport Deutschland on May 10, to which all members of the cooperative were invited and 147 voting members attended, it was decided that the further implementation of the “Best in Sports” strategy will determine the roadmap in the current fiscal year 2021/2022, now that many ...
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ArticleWibe to step down as chief executive of XXL
Source: XXL ASA Pål Wibe, CEO XXL ASA The board of Nordic sports retailer XXL ASA and Pål Wibe agreed on May 13 that the latter will step down as CEO on Sept. 1 of this year. The Norwegian Sports Industry Association wrote in a statement that ...
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News briefsStockX appoints chief impact officer
Source: StockX Damien Hooper-Campbell, CIO at StockX Vintage sneaker and other collectibles auction platform StockX has expanded its leadership team with the appointment of its first-ever chief impact officer, Damien Hooper-Campbell. He will report directly to CEO Scott Cutler and oversee key functional areas, including Diversity, Equity ...
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ArticleGrupo SBF generates 88 percent sales increase in Nike business
Grupo SBF, the parent of Brazil’s top retail sporting goods chain in Centauro and a distributor of Nike in the South American market since December, reported a 401 percent increase in first-quarter adjusted Ebitda to 185,390,000 Brazilian reais (€31.5m) for the period ended March 31. Operating income came in at ...
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ArticleUK e-tail slows down post-pandemic
According to the most recent IMRG Capgemini Online Retail Index, the post-pandemic retail climate is, at last, taking shape. Online sales for the 200-odd retailers tracked by the index are down by 12 percent year-on-year for April. As IMRG puts it, this is a significant improvement from March’s year-on-year fall ...
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ArticleRussian import-replacement campaign faces difficulties
The Russian Industry and Trade Ministry has rolled out a 700 million rubles (€9.5m) program to support the import-replacement trend in the domestic sporting goods market. The authorities plan to encourage local companies to replace sportswear, sporting gear and athletic apparel, which are expected to be in short supply due ...
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ArticleXponential Fitness signs multi-brand master franchise agreement for Mexico
Xponential Fitness, Inc., the world’s largest franchisor of boutique fitness brands headquartered in California, announced the signing of a master franchise agreement in Mexico for its StretchLab, Rumble and AKT brands. The agreement provides the master franchisee with the ability to license at least 60 studios of the three brands ...
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News briefsSnipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
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News briefsLotto partners with Coupang to debut in South Korea
Coupang and WHP Global have announced a partnership to bring Lotto to South Korea. Under the terms of the agreement, Coupang will serve as the exclusive distributor for the brand in South Korea, bringing a collection of men’s and women’s lifestyle footwear, apparel and accessories to consumers. With nearly 18 ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posted the first decline in quarterly sales in its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion but a 1.5 percent decline in revenues ...
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ArticleAdidas steps into the void left by Nike at Foot Locker
Adidas and New York-based retailer Foot Locker have announced a new and enhanced partnership “built around product innovation, elevated experiences and deeper consumer connectivity,” as the German company states in a press release. The announcement comes on the back of Foot Locker’s sales figures released in March 2022, which reflected ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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News briefsCoca-Cola opens first flagship in Europe, including sportswear
Coca-Cola Great Britain runs the just opened first flagship store of the brand in Europe, located on Long Acre, Covent Garden. The new retail store is offering a range of limited-edition apparel collections and designer collaborations as well as gifts, merchandise and drinks. The Coca‑Cola clothing collections ...
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News briefsDecathlon increases investment in Quadient parcel lockers
Decathlon France began equipping 62 of its stores with Quadient parcel lockers in 2015. The lockers, where merchandise ordered online is deposited for pickup, are additional customer service. The success of the lockers, tested and certified by the retailer’s teams, has led the sports retailer to expand the partnership, resulting ...
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News briefsEU continues to criticize Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology company has abused its dominant position in the markets for mobile wallets on iOS devices. By restricting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in ...
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News briefs
Decathlon partners with the French Handball Federation
Decathlon has become the official distributor of the French Handball Federation (FFHandball). Decathlon will sell FFHandball merchandise and branded equipment in its physical and e-commerce stores. In 2021, FFHandball had 335,000 registered members. The new partnership is meant to promote the sport and attract new participants.
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Infographics & DataQ1 2022 Results XXL Group
This earnings briefing includes the highlights of the Q1 2022 for XXL Group
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ArticleSuper Retail Group unveils sales, strategies for three banners
Super Retail Group, the Australian retailer with two outdoor formats and one focused on sporting goods, reported mixed results for the week 27 to 43 period. Rebel Sport, hurt by limited stock availability in some categories that included footwear, suffered a 4.0 percent year-to-date decline in same-store sales. SRG’s outdoor ...
