Latest – Page 38
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News briefsBoss signs two new tennis ambassadors
Boss is making further strides in the world of tennis, announcing two new ambassadors, Noma Noha Akugue and Ella Seidel. According to the German fashion brand, Akugue and Seidel have already established themselves as players worth watching more closely. Just in time for the Australian Open, the two German tennis ...
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News briefsZumiez updates quarter-to-date sales
Zumiez, the parent of the Blue Tomato retail chain, reported a 4.2 percent increase in international net sales, consisting of revenues generated in Europe and Australia, for the nine weeks ended Dec. 30. However, comparable international sales were down 4.2 percent for the period. Group sales fell by 6.6 percent ...
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News briefsIntersport Spain still down from 2019
Neither separately nor in aggregate have the companies that make up Intersport Spain yet matched the annual sales of 2019 – which themselves were, for the most part, in decline from 2018. The latest available figure for its full-year 2022 is about 28 percent down from the pre-lockdown year. Intersport ...
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ArticleA challenger rises in Spanish pádel e-tail
In its three years of operation, Padel Pro Shop has reached €10 million in annual sales, and its latest annual results for 2023 represent a year-on-year increase of 95 percent. For the new year, the online retailer’s objective is to achieve another increase in annual sales, this time of 60 ...
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News briefsGerman consumer sentiment deteriorates
After the consumer mood in Germany recovered at the end of 2023, consumers are once again more pessimistic about the future in the new year. This was revealed by the consumer barometer for January published by the German Retail Association (HDE), which is compiled monthly by the Handelsblatt Research Institute ...
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ArticleAliExpress publishes report on general online shopping landscape in Europe
AliExpress, the international online retail marketplace of Alibaba International Digital Commerce Group, has published its first Consumer Insights Report examining the online shopping landscape in Europe. The report surveyed consumers in France, Germany, Spain and the UK and aimed to uncover key trends and insights into European consumers’ online behavior ...
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ArticleAmer’s Arc’teryx brand key to sales growth in China
Amer Sports, the Finnish parent of 11 brands, which filed for an initial public offering on the New York Stock Exchange on Jan. 4, has dramatically increased its sales in Greater China over the last four years largely through its Arc’teryx brand. The group’s total sales in the market increased ...
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Infographics & DataSGI Sporting Goods Scorecard Q3 2023
Find out whose sales are up and whose profits are down for Q3 2023 in our exclusive and downloadable version of our SGI Europe sporting goods industry scorecard. We’ve expanded our coverage and now examine 48 of the leading sporting goods industry companies.
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News briefsAuthentic partners with BBC Int'l for DC Shoes in USA, Canada
Authentic Brands Group has partnered with Florida-based BBC International for its skateboarding, snowboarding and street lifestyle brand DC Shoes. Under this agreement, BBC will handle the global design, wholesale distribution and sourcing of DC Shoes footwear and snowboard boots in the US and Canada. BBC is a full-service footwear company ...
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ArticleJD Sports cuts profit forecast due to weak consumer spending
After sales at JD Sports Fashion’s sales fell short of expectations in the 22 weeks to December 30, the British retailer, which owns Go Outdoors, Blacks, Millets and other retail brands, lowered its profit guidance for the full year. According to the company, organic sales growth at constant currency ...
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News briefsAdidas to set up GCC in East India
According to reports in Indian media, Adidas is setting up its first and only global capacity center (GCC) in Asia outside China in the eastern Indian city of Chennai. The location will enable the company to focus on key processes within the organization. Adidas has a headquarters in Gurugram, but ...
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News briefsJD.com wins anti-monopoly lawsuit against Alibaba
Chinese e-tailer JD.com has announced that it has won an antimonopoly lawsuit against Alibaba Group, Reuters reported. According to the High People’s Court of Beijing, Tmall, Alibaba’s brand platform, abused its market dominance and adopted monopolistic practices known as “choose one from two,” causing JD.com serious damage. Alibaba Group Holding ...
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ArticleXponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, announced the signing of a master franchise agreement for Pure Barre and YogaSix in Japan with Sunpark Co. Ltd. Sunpark has committed to open at least 50 franchise studios for Pure Barre and Yoga Six in the country. The ...
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News briefsSportsShoes.com partners with Parkrun
SportsShoes.com has announced a global partnership with community event network Parkrun. The UK online running shoes, running clothing and outdoor gear retailer is now the exclusive official retail partner of Parkrun in the UK, supporting the global Parkrun community with the sourcing and distribution of Parkrun’s range of merchandise. This ...
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News briefsSkechers opens distribution hub in Mumbai
Skechers opened a national distribution center near Mumbai, India. The 55,700-sqm facility is located in the Lodha Industrial and Logistics Park in Kalyan and has the capacity to dispatch up to 60,000 pairs of shoes daily. The site represents the initial phase of a strategic partnership to develop a 102,000-sqm ...
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News briefsSelfridges seeks debt financing after Signa insolvencies
Following the wave of insolvencies that have hit the Signa Group, British department store chain Selfridges Group is reportedly in talks with the Thailand-based Central Group to negotiate future financing to settle outstanding debts. Signa bought Selfridges together with Central Group last year for £4 billion. Central became the majority ...
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ArticleFootway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
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News briefsIntersport Austria retailers pleased with successful Christmas business
Source: Intersport Austria The Alpine Ski and Service segments performed exceptionally well during the Christmas period In hardly any other industry, the weather influences the buying mood of Austrians as much as in sporting goods retail. The arrival of winter on the first weekend of Advent gave ...
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AnalysisThe world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers has the revenue of 50 companies and ranks their growth compared with last year.
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News briefsManagement changes at Alibaba
Chinese e-commerce giant Alibaba Group has announced the appointment of Eddie Yongming Wu as Group CEO and Chairman of Taobao and Tmall Group with immediate effect. He will also serve as CEO of the two subsidiaries. He replaces Daniel Zhang, who is resigning from the group’s executive positions to focus ...
