News briefs - Retail – Page 3
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News briefsMarks & Spencer adds Puma and Reebok to its brand offer
British retailer Marks & Spencer (M&S) has announced that Puma and Reebok are joining The Sports Edit, its dedicated sportswear platform on M&S.com. More than 140 products from the two brands will be added to M&S.com throughout February and March. Reebok will be available on M&S.com from February, with Puma ...
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News briefsSkechers surpasses 5,000 retail locations, aims for 10,000
With a recent opening in Bogotà, Skechers has surpassed 5,000 Skechers-branded retail store locations throughout more than 120 countries. In 1992, the company opened its first-ever Skechers store in Manhattan Beach, near its corporate offices. Its first international store was then inaugurated in Japan. Every location features the same look, ...
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News briefsHeydude embarks on outlet expansion plan
Heydude is embarking on an aggressive expansion plan to increase its number of outlets. In 2024, the company plans to open 30 new outlet stores, a significant jump from the five opened in the past six months. The surge in outlet openings stems from a strategic shift in 2023. “We’re ...
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News briefsPuma steps into the digital future with Touchtech partnership
Touchtech, a platform renowned for its sales assistance tools, has announced a collaboration with Puma Group. The move reflects Puma’s commitment to digitalization in a rapidly evolving retail landscape. Andres Castro, Team Head of Customer Connectivity at Puma Group, emphasized the importance of digitalization to meeting the evolving needs of ...
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News briefsJD Sports plans flagship store in Munich
British sports fashion retailer JD Sports has secured itself a prime location in Munich for its largest German flagship store to date. Now that the German sports chain SportScheck will soon have to give up its flagship store in Munich’s pedestrian zone in the city center (Neuhauser Straße) following the ...
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News briefsDecathlon sells 82 European stores
Decathlon has signed a leaseback deal for the sale of 82 of its stores in Europe with an American publicly traded real estate investment trust (REIT) called Realty Income. According to CMDsport and other sources, the sale price was €527 million. The stores are located in Germany, France, Spain, Italy ...
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News briefsIn Paris, Arc’teryx opens shop-in-shop ahead of flagship
Outdoor apparel brand Arc’teryx has opened an 80-square-meter shop-in-shop on the ground floor of La Samaritaine, the department store on Paris’s Rue de Rivoli. The retail space, inaugurated on Feb. 9, showcases a range of functional and performance items from the brand’s spring/summer 2024 collection. Arc’teryx will soon open ...
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News briefsFútbol Emotion posts 64 percent revenue increase
Spanish retailer Fútbol Emotion saw its revenues jump by 64 percent in 2023 to €82 million, Palco23 has reported. The company has almost tripled its sales in just two years, after posting a turnover of around €30 million in 2021. Half of the company’s turnover is generated through e-commerce, while ...
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News briefsCisalfa inaugurates large store, plans 10 openings in 2024
Cisalfa Sport has opened a new store in Rovereto, in Italy’s mountain region of Trentino Alto Adige. It is the retailer’s first store opening in 2024. The new 1,500-square-meter store sells sportswear, activewear and citywear from more than 100 brands. The store reportedly represented an investment of nearly €700,000, according ...
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News briefsAlo Yoga strengthens its Canadian retail presence
American activewear brand Alo Yoga has opened its first store in the Canadian province of Quebec. The new 490-square-meter outlet, inaugurated on Feb. 2, is located at the CF Carrefour Laval shopping mall. Alo Yoga, known for its yoga and wellness collections, opened its inaugural Canadian store at CF Toronto ...
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News briefsCastore opens a new concept store in Dublin
Castore has unveiled its new flagship concept store on Grafton Street in Dublin. Spreading over 157 square meters on two floors, the store features the brand’s own products, including the Light Collection and the new Reiss x Castore SS24 collaboration. Shoppers can purchase teamwear from Leinster, FAI, McLaren and Red ...
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News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
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News briefsEl Corte Inglés is the latest signatory to Spain’s SCRAP
El Corte Inglés has become a member of Spain’s Association for the Management of Textile and Footwear Residues. In its brief history – it was founded a year ago, last January – the association has obtained the membership also of Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam. It was ...
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News briefsSigna’s KaDeWe Group files for insolvency
Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...
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News briefsNew CSR Manager at Sport Conrad
Source: Sport Conrad Maria Ries The German multichannel sports retailer Sport Conrad has appointed Maria Ries to the position of CSR Manager on Jan. 1, 2024. She takes over from Stefanie Buchacher, who has played a key role in shaping the company’s sustainability strategy over the past ...
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News briefsSwedemount successfully confirms reconstruction plan approval
Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...
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News briefsSurge in shoplifting hits England
Shoplifting offenses are on the rise across England and Wales, reaching a 20-year high, as reported by the Office for National Statistics (ONS). Police recorded over 400,000 incidents in 2023 up to September, marking a 32-percent increase from the previous year. Retailers in England and Wales are grappling with a ...
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News briefs
Sports Direct buys former M&S Liverpool building
Frasers Group, the owner of Sports Direct, has acquired the former Marks & Spencer store in Liverpool as part of its strategy to own the properties it occupies. The acquisition involves obtaining the long leasehold of Compton House on Church Street. The process of transforming the M&S store into a ...
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News briefsJD Worldwide opens fashion warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris, France. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise and exclusively ...
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News briefsSwedish sports retail sees eighth straight quarterly decline
Despite a snowy kick-off to the winter season, the sports retail sector in Sweden did not manage to post positive figures during the fourth quarter of 2024. While the snow provided a significant boost, sales declined by 0.4 percent. This marks the eighth consecutive quarter of negative trends in the ...
