All Retail articles – Page 16
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
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News briefs
TAF in line for sales of $500m this year
Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...
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Federal authority confirms re-transfer of shares to Intersport Austria
The relevant authorities have approved the terms for the planned transfer of the shares in the Intersport Austria cooperative from Intersport Germany to the retail members of the Austrian buying group. Technically, the shares will be sold to a newly founded company, Premiumsport Service, based at Intersport Austria’s headquarters in ...
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News briefs
Decathlon is the leader of the web in Spain
With 18.6 million average visits per month, Decathlon is the most visited online retail platform for sports and fashion products in Spain, according to data from SEMRush. The number of online monthly visits on its Spanish website jumped by 22.2 percent in the last year alone, because of the pandemic. ...
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Sportmaster tests a Russian robot in its stores
Sportmaster, the leading sporting goods retailer in Russia, has successfully tested a prototype of a robotic merchandiser developed by a Russian scientific group, FIOP Rusnano. The tests were carried out by R2 Robotics, a startup belonging to the state-owned Rusnano Group. R2 Robotics’ robot merchandiser receives information to move around ...
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ArticleFoot Locker agrees to buy two chains in the U.S. and Japan
Foot Locker has announced two major acquisitions, one in the U.S. and the other one in Japan, where it is set to acquire Text Trading Company, which owns and licenses the upscale Atmos brand of sneakers and streetwear. It will be paying $360 million and an earnout for the Japanese ...
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News briefs
Decathlon opens its largest African store in Casablanca, opening it up to other brands
Decathlon has opened its 17th store in Morocco in the city of Casablanca. It is also the fourth Decathlon store in Casablanca alone and the French chain’s largest store on the African continent. The new 3,000-square-meter store sells clothing and equipment for more than 60 different sports. It features a ...
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News briefs
Decathlon products in Manor department stores in Switzerland
Decathlon is consolidating its cooperation with the Maus-Frères group, which is its joint venture partner for Switzerland, by offering some of its private label items in ten of the group’s Manor department stores in the country and on the chain’s web store, starting with the outdoor segment. The move is ...
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News briefs
Consolidation in French sports e-tailing
Sport-guide.com reports that Lefreto, a French e-tailer that already owns three other sports-related transactional websites, has taken over Glisse-Proshop, a French multi-channel retailer that specializes in products for all kinds of boardsports, including surfing and snowboarding. Glisse-Proshop is more surf-oriented than Glisshop, another French e-tailer owned by Lefreto that covers ...
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Expanded: Lidl launches a golf range in many European countries
After offering sports products for fitness, running, cycling, winter sports and more, Lidl has now launched a comprehensive range of clothing and accessories for amateur golfers in many of its stores in several European countries: France, Germany, the U.K., Ireland, the Netherlands, Finland, Sweden, Denmark, Belgium, the Czech Republic, Spain, ...
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News briefs
An Austrian women’s soccer club wins a Sport 2000 team bus
In a campaign to support and appreciate the added value provided by local sports clubs to society, Sport 2000 searched for the most popular club among the 15,000 team sports clubs operating in Austria through an online poll. Among the nearly 100 teams that applied to participate in the challenge, ...
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News briefs
JD Sports invests in Gym King
JD Sports Fashion has announced the acquisition of a “significant” minority stake in Gym King. Founded in 2015 by Jay Parker, Gym King is a U.K.-based brand of athleisure and performance wear. The deal is supposed to support Gym King’s growth and international expansion in the U.S., Europe and Asia, ...
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News briefsAsos warns of volatility ahead while global sales rise
Asos, the British online fashion retailer, warned of volatility in the months ahead, due to the rapidly evolving Covid situation worldwide, as it reported a rise in sales and maintained its guidance for annual profits. It pointed out that profits were being squeezed by increased freight costs and global supply ...
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BrandFusion will sell Champion and O'Neill shoes in the Netherlands
A Dutch sales agency, BrandFusion, has agreed to include the footwear collections of Pantofola d’Oro, Champion and O’Neill in its product portfolio for the Dutch market, according to Sport Partner. These brands are licensed for various territories by the five-year-old Brandsplus Group, which is also the distributor of Fila in ...
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Decathlon launches Tennis eSports at flagship store in London
Until Thursday Sept. 30, the Decathlon store in London Surrey Quays will present the world premiere of Tennis eSports, in partnership with VR Motion Learning. Customers will have a chance to play realistic virtual reality (VR) tennis in the 300-square-meter space that the store has specially devoted to the experience. ...
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News briefs
Decathlon becomes an official partner of Paris 2024
Decathlon has signed up as an official partner of the Paris 2024 Olympic and Paralympic Games. The leading French sporting goods retail chain will kit out the 45,000 volunteers who are expected to work at the Games in the French capital. The volunteers will wear eco-designed uniforms, specially created for ...
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News briefs
Sportmaster invests to popularize sports lifestyles in Russia
Sportmaster, the biggest sporting goods retailer in Russia, says it has built 825 sporting grounds in 76 Russian cities to make sports more accessible and popular for local citizens. The eventual target is to ramp up this figure to 1,000 sporting grounds in 100 cities. Sportmaster said that these sporting ...
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Article
One more step toward the sale of Go Sport
French anti-trust authorities have authorized the proposed takeover of Groupe Go Sport, one of the major sports retailers in France, by Financière Immobilière Bordelaise (FIB), a real estate-based investment fund controlled by a rich businessman in Bordeaux, Michel Ohayon, who has already acquired other retail operations in the country. Last ...
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ArticleDanish Sportmaster fit for Nordic expansion
The Russian-based Sportmaster Group says that all the financial parameters were positive last year for the Danish sporting goods retail chain by the same name, which it took over in December 2019. Declining to provide any details about the subject, it also said that Sportmaster Denmark and its management team, ...
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ArticleBetter margins but lower sales and market shares for XXL
XXL ASA saw its revenues decline by 15.5 percent in the second quarter to 2,420 million Norwegian kroner €232.6m -$274.8m), as temporary store closures due to the Covid-19 pandemic and delays in the delivery of bicycles hit its top line. On a like-for-like basis, sales were down by 13.4 percent. ...
