Latest Retail News & Analysis – Page 9
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News briefsGenesco reaffirms earnings guidance after better than expected Q1
In the three months ended May 3, Genesco’s sales rose by 4 percent from the previous year to $474.0 million.
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News briefsLululemon opens a first Turkish store
Lululemon enters the Turkish market, opening its first store in Istanbul.
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ArticleXXL nomination committee: change the whole board
There’s already a lot going on at the board level at XXL this week, with the company holding its annual general meeting on June 6.
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ArticleOnitsuka Tiger opens a store at London’s Covent Garden
It is the brand’s first Red Concept Store in Europe.
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News briefsDecathlon Spain’s big summer plans
The retailer plans to hire up to 650 people this summer.
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News briefsLidl launches international campaign for its sports brand Crivit
The new campaign also marks the start of Crivit’s independent brand identity.
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ArticleXXL and Stadium could face millions in fines on price fraud
Ten companies have once again misled consumers with their pricing, according to the Swedish Consumer Ombudsman. If no improvement is made, the Swedish chains risk heavy fines.
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News briefsNike prices will rise 10% on June 1 in the US
Due to tariffs, Nike clothing and equipment will cost between $2 and $10 more.
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News briefsGymshark launches its first loyalty scheme
Customers can unlock benefits and rewards by either shopping or working out using the retailer’s app.
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News briefsNike eats humble pie as the brand returns to Amazon after six years
According to several media reports, Nike’s products will once again be sold on Amazon’s platform following a five-year hiatus.
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News briefsAllbirds signs agreements with two new distributors
Footwear brand signs agreements covering multiple countries in Central and South America and Southern Europe.
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ArticleJD Sports warns over US tariffs as Q1 sales, FY profits fall
Revenue rose 8.7 percent to £11.45 billion (€13.5bn). Gross margin fell 20 basis points to 47.8 percent reflecting the acquisitions.
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News briefsHugo Boss has nominated Michael Murray to its supervisory board
Frasers Group CEO Michael Murray joins Hugo Boss supervisory board.
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News briefsDecathlon renovating stores in Spain
Decathlon is investing €38 million in the renovation of more than 70 stores in Spain. The company describes the investment as aligning with the global strategy it adopted last year, with its change in the company image, elevation of the customer experience, digital transformation and renewed commitment to circularity and ...
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ArticleDick’s Sporting Goods is acquiring Foot Locker for $2.4bn
Dick’s Sporting Goods is acquiring Foot Locker for an equity value of about $2.4 billion.
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C-Suite InterviewAsics EMEA CEO Unbehaun on the success story of running and how Asics benefits from it
Running is simple, accessible, and affordable, says Asics EMEA CEO Carsten Unbehaun. This is an important part of the truth. But why does Asics in particular achieve record sales year after year despite growing competition? Carsten Unbehaun, CEO Asics EMEA explains.
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News briefsUS and China to suspend part of tariffs for 90 days starting May 14
The US said it would lower its reciprocal tariff on Chinese goods to 10 percent from 125 percent, while China said it would cut its tariff on US goods to the same level.
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News briefsNew Balance opens its first Swedish flagship store
New Balance continues to open up stores. Now the company opens its second store in the Nordic region.
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News briefsUS sneaker industry appeals to Trump in letter: ‘Spare us from tariffs’
The letter supports a petition signed by such brands as Nike, Adidas, Saucony, Puma and Crocs.
