Retail & Distribution – Page 9
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ArticleCircular economy: Rental is a business model for now and the future
Good for the environment and the bottom line. Sounds good in theory, but what does this mean in practice? We explain the whys and hows
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ArticleA Dive into the unknown. The metaverse, NFTs and legal perspectives
The technology may be new, but it’s never too early to start thinking about protecting your brand in the metaverse. Our expert weighs in.
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ArticleIntersport Germany pursues growth plans after record year
Intersport Germany has posted record sales of €3.31 billion for the fiscal year 2021/2022, the highest figure in the company’s history. Sounds familiar? Precisely the same result was reported a few days ago by competitor Sport 2000. Intersport Germany emerged from the 2021/2022 fiscal year, which ended on Sept. 30, ...
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ArticleFoot Locker plans to wind down Sidestep retail brand
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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ArticleIntersport International reports record year 2022
Intersport International group, based in Bern, Switzerland, has released its 2022 retail sales data, reporting a 13.4 percent growth from 2021 to a new record retail result of €13.7 billion. Among the 5,300 Intersport stores in 42 countries worldwide, those in Austria, France and Germany contributed the most to the ...
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ArticleSwedish sports retail down 7.5 percent in Q4, index now with racquet sports
The quarterly Sportindex by Svenskt Sportforum shows that Swedish sports retail sales decreased by 7.5 percent in the fourth quarter of 2022, making it the fourth consecutive quarter with negative development for sports retail. For the full year 2022, sports retail sales development landed at -5.8 percent. However, the drop ...
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ArticleSport 2000 reports another record year
Sport 2000 reports it has continued its growth trajectory of recent years, ending 2022 with earnings that surpass the historic 2021 record.
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ArticleNike’s former partner in Russia opens new sporting goods chain
Inventive Retail Group (IRG) has opened the first five stores of its new Hiker outdoor and sporting goods retail chain in Russia. IRG is the country’s largest retail group, specializing in developing stores of leading Western companies in Russia, including Apple, Samsung, Lego and Nike. Hiker’s assortment consists of several ...
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ArticleStockX broke records in 2022, reveals most traded and fastest growing brands
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 ...
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ArticleJD Sports sees FY at top end of expectations after Christmas sales surge
JD Sports Fashion said it expected annual profits to be at the top end of expectations after revenues grew by more than a fifth over the Christmas period. Current market expectations for the year to Jan. 28 are for a profit before tax and exceptional items of £933-985 million (€1.05bn-1.11bn) ...
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ArticleAnalysis: Sporting Goods Industry stocks suffer double-digit market cap decline
This exclusive analysis shows the development in the market capitalization of the top 87 stock-listed sporting goods companies.
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ArticleRe:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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ArticleAbsolute Teamsport continues to expand
After 17 more stores joined Sport 2000’s premium concept for teamsport specialists in 2022 (bringing the current total in Europe to 23 Absolute Teamsport stores in 6 countries), the pace of expansion is set to continue in the new year: Sport 2000 says it plans to have 35 stores under ...
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ArticleSnap and Amazon Fashion collaborate on seamless AR shopping experience, starting with eyewear
Source: www.snapchat.com Venice, California-based U.S. technology and social media company Snap and Amazon Fashion are collaborating to bring new Virtual Try-On (VTO) experiences to Snapchat users and extend augmented reality (AR) to both brands and customers. The new Snapchat try-on lenses include thousands of Amazon Fashion’s Virtual ...
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ArticleSwedish e-tailer Ridestore nears SEK 1 billion in sales
According to an article on ehandel.se, Swedish e-tailer Ridestore reported sales of just over SEK 1 billion (€90.8m) in its latest financial statements for 2021/2022, including currency exchange gains. Excluding, earnings were SEK 975 million (€87.6m), solid growth from SEK 600 million (€53.9m) the previous year. The privately held company ...
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ArticleGaleria in distress: Union calls for investment, not insolvency
For the second time in two years, majority investor René Benko – the young Austrian entrepreneur controlling the Signa Holding, which holds 100 percent of the shares in Galeria Kaufhof since June 2019 – has filed for protective insolvency proceedings for his Galeria Karstadt Kaufhof (GKK) department store chain. ...
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ArticleSkechers opens flagship store in Ireland
Source: Business Wire Skechers opens its first flagship store on Grafton Street, expanding the company’s presence in Ireland Skechers has opened a flagship store on Dublin’s Grafton Street. In addition to the Henry Street concept store and four other retail outlets in the greater Dublin area, the ...
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ArticleDecision on judicial recapitalization proceedings for Go Sport expected Wednesday
According to media reports, a hearing was held on Dec. 19 with management and employees to examine the financial situation of the retail chain.
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ArticleRe-commerce volume grows 20 times faster than regular retail, study says
Brussels-based market research company Cross-Border Commerce (CBC) Europe has conducted a new study with support from Checkout.com, FedEx Express, Lengow, nShift and Payoneer, investigating the status and future prognosis for the re-commerce market. According to market researchers, re-commerce’s share of the total market will rise from ten to 14 percent ...
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ArticleeBay U.K. partners with ACS to make second-hand items easier to access
eBay U.K. has announced a new partnership with the textile fulfillment company Advanced Clothing Solutions (ACS). U.K.-based ACS – now B Corp-certified – is an expert in reselling, cleaning and repairing garments to expand the online marketplace’s second-hand offering and reduce waste in the fashion industry. The announcement comes on ...
