News briefs - Retail – Page 26
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News briefsOn aims to make brand more complex
Swiss company On Holding, which raised its fiscal 2023 sales forecast by 2 percent to at least $1.9 billion last month, remains committed to building a complex, multibillion-dollar sportswear brand that focuses on the premium segment and is not overdistributed. The Swiss group’s co-CEOs, Martin Hoffman and Marc Maurer, provided ...
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News briefsCanada Goose to open stores in Australia
Canada Goose is entering Australia in partnership with the Australian retail group Brand Collective, with plans to open stores in Melbourne and Sydney later this year. The partnership with Brand Collective is the company’s first foray into the luxury market. In addition, Canada Goose will establish an e-commerce platform and ...
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News briefsCourt ends insolvency proceedings of Galeria Karstadt Kaufhof
By order of a German district court, the insolvency proceedings of the Galeria Karstadt Kaufhof (GKK) department store group will come to an end at the close of May 31. This makes legally binding the insolvency plan for the department store chain, which was approved by the creditors’ meeting of ...
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News briefsAthleta Q1 sales fall by 11 percent
Athleta, the Gap-owned retailer, which continued to face consumer pushback to certain products during the period, reported an 11 percent year-over-year decline in Q1 sales to $321 million. However, revenues were 45 percent higher than in Q1/19 before the pandemic commenced. Comparable store sales fell by 13 percent. Athleta ...
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News briefsSneaker resale marketplace Laced raises $12 million
UK-based sneaker resale platform Laced has secured $12 million in Series A funding on the same day it unveiled its new visual identity. The e-commerce site features the latest collections from several well-known brands, including Nike, Jordan, Adidas and New Balance. Founded in London in 2018, Laced facilitates the sale ...
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News briefsDecathlon Sports Marketplace cooperates with Puma
At the end of 2020, Decathlon opened its website to other brands. The new online business model, “Decathlon Sports Marketplace,” has since offered brands and partners the opportunity to add their products online to Decathlon’s existing retail offering. In doing so, Decathlon aims not only to offer its partners a ...
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News briefsTopsports sticks to gameplay despite volatile years
The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...
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News briefsOn and SportScheck launch 24-hour world record attempt
On May 24 and 25, Swiss brand On and German sports retailer SportScheck will jointly launch a world record attempt: The longest distance run in a relay on a treadmill in 24 hours. The “SportScheck Record Run 23” is an official world record attempt and will take place at the ...
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News briefsFewer retail stores in the Netherlands in 2023
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
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News briefsAdidas begins selling Yeezy stock, plans to donate proceeds
Adidas announced on May 19 that it will begin selling some Adidas Yeezy products from its inventory. An initial sale is expected to take place at the end of May 2023. Several existing designs will be available exclusively through adidas.com/yeezy and the Adidas Confirmed app. As previously reported, the company ...
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News briefsFoot Locker gets a new CFO
The former EVP of Finance & Treasurer at U.S. retail company Kohl’s, Michael Baughn, will be the new chief financial officer at Foot Locker. The sneaker retailer made the announcement Friday in a filing with the Securities and Exchange Commission. He will take over the post on June 12. Current ...
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News briefsSun & Sand Sports opens first Singapore store
Sun & Sand Sports, a major sports retailer in the Middle East headquartered in Dubai, has opened a store in Singapore, its first in the city-state and island country. It is also the first store of the retailer in South-East Asia. Located at the Raffles City shopping mall, the new ...
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News briefseBay acquires Italian tech firm Certilogo
eBay has announced the signing of a definitive agreement to acquire Certilogo, an Italy-based provider of digital IDs and authentication for apparel and fashion products. Financial details of the transaction were not disclosed. The transaction is expected to close in the third quarter, subject to regulatory approval. The acquisition is ...
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News briefsSelfridges wraps resale/repair services in stock market disguise
Source: Selfridges Circular services at The Stock Market at the Corner Store British luxury department store chain Selfridges, owned by Central Group and Signa Holding since August 2022, has opened “The Stock Market at the Corner Shop” at its flagship on London’s Oxford Street, a month-long experience ...
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News briefsSportsshoes.com opens new creative and tech center
British e-tailer SportsShoes.com, founded in 1982, has opened a new creative and technology center for 100 employees, designed by London-based architecture firm Bowman Riley. SportsShoes.com acquired an industrial facility next to its Shipley headquarters near Bradford in October 2022 for the purpose. The 1,000-sqm renovated production warehouse now houses the ...
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News briefsAnta Rus opens flagship store in Moscow
Anta Rus, the Russian distributor of Chinese sporting goods company Anta Sports, has launched a 360-sqm store in Moscow, which the company said is going to serve as the flagship for the brand on the local market. The outlet is the biggest mono-brand Anta store not only in Russia but ...
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News briefseBay launches a “certified by brand” program
eBay has announced the launch of a new “Certified by Brand” program for brands and buyers located in the US, partnering directly with brands to scale their presence in the secondary market. Through the program, new, certified pre-owned, limited-edition or exclusive-only-on-eBay inventory will be available. The move is designed to ...
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News briefsFanatics and Sky Sports launch retail partnership
Digital retail platform Fanatics and TV broadcaster Sky Sports are launching a retail partnership to open a sports merchandise e-store that will be available in the UK, Ireland, Germany, Austria, Switzerland and Italy. This is a first for both partners, as Sky Sports has not previously had its own store, ...
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News briefseBay UK launches Carbon Academy with ClimatePartner
eBay UK has launched the Carbon Academy, an interactive and self-paced learning program developed in partnership with ClimatePartner. The tool is designed to help sellers engage in climate action while taking advantage of opportunities that arise from environmentally conscious behavior. Through the Carbon Academy, eBay UK sellers can learn ...
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News briefsFabletics selects Salesfloor to provide clienteling and virtual shopping solutions
Salesfloor, a Montréal-based mobile clienteling and virtual selling platform that combines immersive virtual shopping, clienteling and conversational AI, has announced the launch of its solution with California-based activewear brand Fabletics. The Salesfloor solution will enable Fabletics associates to personalize the customer experience both in-store and online by creating cross-channel conversations. ...
