Latest Retail News & Analysis – Page 92
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News briefs
JD criticizes video of a July 5 meeting over Footasylum’s contested takeover
Peter Cowgill, executive chairman of JD Sports Fashion, was reported by The Sunday Times as being under investigation by the Competition & Markets Authority (CMA) over a possible breach of its rules on sharing sensitive information relating to JD’s contested takeover of the smaller Footasylum chain in the U.K. The ...
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ArticleUK anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening of ...
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News briefs
Foot Locker launches Sidestep in Spain
Catering to a growing hype for sneakers in Spain, Foot Locker is planning to open its first stores under the trendy Sidestep banner in the country, competing with other foreign banners like Courir, Snipes and JD Sports, and many local banners. The first Sidestep stores are slated for openings in ...
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ArticleZalando’s Q3 profits slump in price-cutting war, but guidance is upgraded
Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...
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News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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News briefs
Fanatics will host an international Olympic store
Fanatics is partnering with the International Olympic Committee (IOC) to launch its first global Olympic web store, starting with the Paris Summer Olympics in 2024, followed by the 2026 Winter Olympics in Milan and Cortina, and the Summer Games in Los Angeles in 2028. Fanatics will work with the organizing ...
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News briefs
Intersport matched 2019 levels in the first nine months of 2021
Steve Evers, CEO of Intersport International Corp., tells us that the international retail network of Intersport returned to the 2019 level of €8.5 billion (including VAT) in the first nine months of 2021. The retail sales of the affiliated stores went up by 12.6 percent in the third quarter as ...
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News briefs
Zalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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Article
Bike delivery problems sink XXL’s results
Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...
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News briefs
Kelme’s Spanish distributor is fighting for life
According to Diffusion Sport, New Millennium Sports has asked the third commercial court of Alicante, in the Spanish autonomous community of Valencia, to allow it to enter into bankruptcy protection proceedings. The former owner of the Kelme brand, which has a contract for its dstribution in Spain, seeks to avoid ...
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News briefsWeSports buys a Swedish Nordic ski retail specialist
After its recent acquisition of the Finnish water sports equipment supplier Finwake in September, WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed the acquisition of a Swedish sports retailer, Pölder Sport AB. Founded in 1990, ...
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News briefs
Updated: Decathlon will launch a new “Decathlon Mountain” store franchising project in France and Switzerland
Decathlon is about to open two pilot stores in France and Switzerland for a new “Decathlon Mountain” concept that it plans to franchise in about 15 mountain resorts in the two countries. They will be selling only Decathlon products from the retailer’s huge range of private label items for winter ...
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News briefs
Hans-Hermann Deters will leave Sport 2000
Hans-Hermann Deters, an iconic figure in the German sporting goods market, is planning to leave the position of joint general manager of Sport 2000 GmbH next March 31, after seven and a half years of successful work with the retail organization, where he reinforced its specialist orientation. At the age ...
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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News briefs
Top JD managers get stock options
JD Sports Fashion has granted performance-based stock options to Peter Cowgill, executive chairman of the company, and Neil Greenhalgh, chief financial officer, under the company’s 2021 Long Term Incentive Plan. The options will become ordinarily vested in five years’ time, subject to the achievement of certain performance conditions. Cowgill got ...
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News briefs
JD acquires control of a Greek retailer
JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...
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ArticleSport 2000 is market leader in Austria for the first time
Presenting the results of a large nationwide study by the market research company Regio Plan. Holger Schwarting, CEO of Sport 2000 Austria, confirmed that his cooperative was able to secure market leadership in Austria for the first time in 2020 with a market share of 33.6 percent, followed by Intersport ...
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News briefs
XXL adopts RFID tags
According to the British trade magazine Retail Technology, XXL ASA has begun to use RFID tags to track its inventory. With the help of a Scandinavian firm, Securitas, it has adopted Nedap’s iD Cloud platform throughout Norway and plans to roll it out to its 89 other megastores in various ...
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News briefs
Oberalp Group plans to expand in Southern Europe
The Italian Oberalp Group intends to invest more in other Southern European markets in the coming years, according to SAZ. To this end, Marion Alexandre has been appointed to the new position as general manager for South Europe as of June 1, 2021. She is to be responsible for developing ...
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News briefs
Snow Factory has a new CEO
According to CMDsport, Snow Factory has a new CEO in Álvaro Camín, former business director for EMEA and global sales director at Suunto. The appointment is intended to free up the Iberian distributor’s owners, Javier and Alejo Garriga, to strategize digital and operational growth. In September, Snow Factory also appointed ...
