News briefs - Retail – Page 7
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News briefseBay supports voluntary offer to acquire Adevinta
eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...
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News briefsUnder Armour opens its first London outlet store at The O2
Under Armour will be opening a 370-sqm unit at Outlet Shopping at The O2 in London in early December. Outlet Shopping at The O2 is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new store will be Under Armour’s 12th ...
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News briefsDecathlon opens megastore at new Merlata Bloom mall in Italy
Decathlon has moved its historic Baranzate store, near Milan, which had been there for 30 years, to the new Merlata Bloom shopping mall on Nov. 18. The new store boasts a larger surface – from 4,500 sqm in Baranzate to 5,500 sqm – and a staff of 83 people, including ...
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News briefsSmith has a new partner in Switzerland
US goggle and helmets brand Smith has announced a strategic partnership with Spoco, who is to be its sole sales agency of record for the Swiss territory. As part of Smith’s ongoing efforts to expand market share and grow brand presence within the heart of Europe, the partnership with Spoco ...
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News briefsCisalfa opens new flagship store near Verona
Italian sporting goods retailer Cisalfa has inaugurated a new flagship store in Sona, near Verona. With a surface of 2,500 sqm, it is Cisalfa’s fifth largest store in Italy, after Gugliasco, Brescia, Porta di Roma and Roma Eur. The new store, which sells products from over 100 brands, represents an ...
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News briefsNew name for Rentle, expansion into resale
Finnish retail rental specialist Rentle, which lists Decathlon, Rab and Scandinavian Outdoor, amongst others, as customers, has changed its name to Twice Commerce. The name reflects the platform’s expansion from purely rental into resale. There will be no change in the rental platform, but brands can now benefit from the ...
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News briefsSport Conrad invests in automated warehouse and commissioning system
With a customized Autostore system including new peripheral solutions, the German multichannel retailer Sport Conrad is increasing its efficiency and equipping itself for the future. With 16 robots and around 16,000 bins, the system from global Autostore partner and worldwide intralogistics specialist Kardex is helping Sport Conrad’s warehouse in lffeldorf ...
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News briefsDecathlon City Madrid Orense expands retail space with more experiential format
Decathlon has reopened the doors of its store in Madrid’s central Calle Orense after an expansion process, revealing a renewed and more experiential format. The store has increased its sales area by more than 50 percent to 780 sqm spread over two floors, offering customers a completely new, comprehensive experience ...
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News briefsWeSports acquires RunningXpert, prepares Keller Sports relaunch with customer-centric concept
WeSports announced the acquisition of a stake in RunningXpert, a Danish running specialist that operates the stores Løbeshop.dk, Löparshop.se and RunningXpert.com. RunningXpert claims to be the leading running specialist in the Nordic region, with a turnover of €35 million in 2022. The company currently serves over 1 million active runners ...
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News briefsBid under review for 25 French Intersport, two Go Sport stores
According to France’s Authority on Competition (Autorité de la Concurrence), Schiever, an international retail group based in Burgundy, is looking to acquire full control of 25 Intersport stores (20 retail stores and five outlets) and two Go Sport stores – as well as four stores of the ready-to-wear chain Blackstore. ...
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News briefseBay exceeds expectations in Q3
eBay Inc. reported revenue of $2.5 billion, up 5 percent on an as-reported basis and up 5 percent on an FX-neutral basis, for its third quarter ended Sept. 30, 2023. “We delivered another quarter of solid results and have accelerated the pace of innovation across eBay,” said Jamie Iannone, Chief ...
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News briefsGerman consumer sentiment worsens
Despite a certain stabilization in the economy as a whole, consumer sentiment in Germany fell noticeably for the first time in twelve months in November, according to the latest consumer barometer from the German Retail Association (HDE). As a result, private consumption is no longer expected to stimulate growth in ...
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News briefsSigna Holding: Benko steps down, hands over chairmanship to restructuring expert
As the company announced on Nov. 8, 2023, Austrian real estate investor René Benko has stepped down as Chairman of the Advisory Board of Signa Holding and handed over the chairmanship to Arndt Geiwitz. The German restructuring specialist is also taking over the chairmanship of Signa’s shareholders’ committee, as reported ...
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News briefsAmazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...
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News briefsSports Minister: Russian market’s dependence on imported athletic apparel is nearly absolute
Russian dependence on imported athletic apparel and sports nutrition remains close to 90 percent, Oleg Matsisin, the Russian Sports Minister, said during a meeting with Russian President Putin. Russian analogs of athletic apparel good enough for high-level performances are available in limited quantities. There is only a limited range of ...
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News briefsSigna Holding also facing challenges
The slowdown in the real estate market is hitting René Benko’s Signa Holding severely, according to an article in the Austrian magazine News. Signa Holding is an investment holding company operating in the real estate, retail (Galeria Kaufhof, Signa Sports United (SSU), KaDeWe) and media (minority stake in Austrian newspapers ...
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News briefsUPS to acquire reverse logistics specialist Happy Returns from PayPal
UPS has announced that it is acquiring Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that provides merchants and consumers in the U.S. with a hassle-free, boxless and label-free returns experience. “By combining Happy Returns’ easy digital experience and established drop-off points with ...
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News briefsQuiksilver and Roxy launch apparel rental service in France
As reported by the website Apparel Resources, boardsports brands Quiksilver and Roxy have launched an online rental service in France under the label “Boardriders Rental.” The website offers high-quality performance apparel for men, women and children for rent. François Latterrade, Head of Quiksilver Europe, told the website that the rental ...
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News briefsCollaboration between Amazon and luxury brands leads to guilty plea from international counterfeiter
Information and evidence provided by Amazon’s Counterfeit Crimes Unit (CCU) and other luxury brands, including the Prada Group, to Chinese law enforcement has led to a counterfeit seller’s guilty plea to crimes related to the sale of counterfeit luxury products. Amazon has described the collaboration as “a unique and landmark ...
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News briefs“Free shoes…if you can outrun our security guard”
The Parisian running store Distance recently ran a campaign, “Rob it to get it,” inviting customers – for one day only – to try their hand at stealing participating products if they could outrun the security guard. The catch? The security guard on the day of the promotion in Sept. ...
