Retail & Distribution – Page 7
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ArticleLatest deal in Finnish ski industry could be a game changer
Two ski factories in Finland have landed a deal of over €10m. We bring you the details and what this means for the industry and consumers.
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ArticleIntersport unveils full details of its “Grow Together Faster” strategy
Setting itself a series of ambitious goals and objectives, Intersport is aiming to be the preferred choice for all consumers. We explain how
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ArticleMichelin Soles expands to the US
JV International Srl, an Italian manufacturer of engineered soles and worldwide licensee of Michelin Soles, has expanded to the USA to further expand its global presence. Founded in 2013, the Italian company has already been able to strengthen its presence on two important continents for the development of footwear: Europe ...
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ArticleAdidas to sell Russian business
Adidas mulls selling its Russian business to another foreign investor or passing it to local management, Russian newspaper Kommersant reported, citing sources on the local market. One of the sources claimed that the eventual target is to relaunch the 100 most profitable stores, which have stood idle since October 2022. ...
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ArticleGoogle tests product search optimization with generative AI
In a test, Google is using next-generation artificial intelligence (AI) to help consumers find products online. The pilot is currently underway in Search Labs, Google’s program where consumers can sign up to test new products and ideas the company is working on. Participants can try out some early-stage experiments and ...
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ArticleBrooks Running with 20% sales growth in Q1
After a record 2022, Brooks Running carried the momentum into the first quarter of 2023, reporting 20 percent year-over-year sales growth globally, including a record 32-percent increase in the Europe, Middle East and Africa (EMEA) region. In the first quarter, Brooks saw strong brand demand across all retail channels as ...
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ArticleSprinter, Deporvillage hope to open new chapter with new store
Sprinter has opened a big store – on the former premises of an IKEA – that it hopes will serve as a watershed, separating its past from its future, according to Diffusion Sport and other sources in Spain. Located at the Alcora Plaza de Alcorcón shopping center in Madrid, the ...
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ArticleFirst Intersport flagships open in Germany
Engelhorn Sports in Mannheim, L&T in Osnabrück and Sport Reischmann in Kempten and Ravensburg are the first four German sports retailers to operate under the new Intersport flagship concept, for which a new Intersport logo in an exclusive color scheme was created. With the new concept, Intersport Germany says it ...
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ArticleKlarna launches resale function and more to mark 18th anniversary
Payment and shopping service provider Klarna has unveiled a number of new innovations on the occasion of its 18th anniversary. The new products include the new Klarna app and smart shopping features that help consumers find and resell the perfect items. With the Klarna app’s new AI-driven shopping feed, consumers ...
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ArticleXXL sees 6% sales boost in Q1 as market share rises but margins squeezed
XXL ASA generated revenues of 1,984 million Norwegian kroner (€168.8m) from continuing operations in the first quarter of 2023, up by 6.4 percent compared to the year earlier, as heavy discounts allowed the company to post sales growth and gain market share but squeezed profit margins. Like-for-like sales growth stood ...
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ArticleCanada Goose with five new executives to drive strategic growth plan
Canada Goose announced five new appointments to its leadership team, all effective immediately, aligned to its recently unveiled five-year strategic growth plan. The Canadian company appointed Matt Blonder as the brand’s first-ever chief digital officer; Juliette Streichenberger as president of CGAG and Europe, the Middle East and Africa (EMEA); Ana ...
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ArticleAdidas wants to win back China with "patriotic products"
A few years ago, China was a promising market for Adidas because the country’s middle class was growing and the margins for Adidas were particularly strong. The brand with the three stripes was one of the most popular Western brands in China. As early as 2008, Adidas opened its (then) ...
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ArticleAmazon puts the moves on France
In the Pixar movie of the same name, a Provençal dish called ratatouille serves to save the soul of a crotchety old food critic in France. The stewed vegetables produce an epiphany, hitting the critic like the madeleine hit Proust, and transport him back “in search of lost time” or ...
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ArticleThis is Rentle, the Finnish pioneer in rental platforms now cooperating with Decathlon
Decathlon UK launched its rental service with Rentle in the spring of ’23. We explore the benefits of partnering with a rental platform specialist.
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ArticleFootway sees sales drop in Q1, but grows internationally
Several Swedish media outlets have reported on Footway Group’s first-quarter figures, which show that the Swedish e-commerce group’s sales fell 7.9 percent year-on-year to SEK 215.9 million (€19.08m). Operating profit (Ebitda) for the quarter was SEK -24.5 million (-€2.17m), an improvement from SEK -71.2 million a year earlier. According to ...
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ArticleSafeSize appoints former IIC executive as chief commercial officer
Source: SafeSize Martin Kempkes with SafeSize scanner Retail tech company SafeSize announced the appointment of Martin Kempkes as chief commercial officer, effective April 3. Kempkes is responsible for leading the company’s business development and sales strategy, as well as ensuring operational excellence, focusing on strengthening the company’s ...
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ArticleNew Sport 2000 brand replaces all previous exclusive labels
With the start of the Spring/Summer 2023 season, Sport 2000’s new Witeblaze brand – announced last summer – was delivered to retail partners for the first time. It combines several product ranges under one roof and has thus replaced all previous exclusive brands of the affiliated group. According to Sport ...
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ArticleSportmaster prepares for debut on Uzbek market
Russian press reports that sporting goods retailer Sportmaster plans to open its first outlet in Uzbekistan in Tashkent, the country’s capital, citing a source in the Uzbek retail industry. This is the second time Sportmaster wants to emerge in the Uzbek market. In March 2020, the company signed three rental ...
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ArticleH&M increases pressure on EU with open letter on delayed REACH revision
Fashion giant H&M Group has sent a letter to EU authorities calling for more progressive chemicals legislation, particularly in relation to the upcoming revision of the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation. The paper contains three demands to improve chemicals policy in the European Union: An ambitious ...
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ArticleIntersport Austria continues to push the bike segment
Despite a moderate winter and partly mild temperatures, the winter business went well for Intersport Austria. In the first half of the fiscal year (Oct. 1, 2022 - March 31, 2023), the Austrian retail group reports sales of about €380 million, up 5 percent from the previous year. Among the ...
