All Retail articles – Page 2
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News briefsA good 2022 at El Corte Inglés
El Corte Inglés has booked a solid fiscal 2022, despite the discomforts of the economic climate, according to Diffusion Sport. Revenues through the closing date of Feb. 8 amounted to €15.33 billion, up 22.5 percent year-on-year, while Ebitda was €951.4, up 18.3 percent. Recurring net income was the highest in ...
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ArticleRecord year for Sport 2000 International
Sports retail group Sport 2000 International looks back on a very successful year, closing FY22 with gross sales of €6.5 billion. With the goal of becoming “an agile, future-oriented premium retail service organization,” the company is initiating a transformation and growing even closer together as an international sports retail network. ...
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News briefsNew chairman at Intersport Spain
Intersport Spain’s board of directors has a new chairman in Maite García Frutos, according to Diffusion Sport. García Frutos is chief executive of Tovarsport, an Intersport retailer in Murcia, and has had a seat on the board for the past 15 years. Oriol Tomás Carulla is stepping down from the ...
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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 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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ArticleFoot Locker lowers full-year outlook on “challenging backdrop”
Foot Locker, after reporting a 73 percent drop in Q1 operating income to $61 million and an 11.4 percent decline in total sales to $1,927 million for the period ended April 29, dialed back its FY23 outlook for revenues, comp sales and gross margin for the 12 months. The news ...
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Case StudyHow fostering a community brought success for Alpkit
Alpkit is reaping rewards from its event-based community. We look at how building a community can help generate and retain customers.
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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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News briefsHDE: German retail expected to lose 9,000 doors in 2023
Following the Covid years, the retail sector in Germany is set to lose 9,000 more stores (across all consumer goods segments) in 2023, according to a forecast by the German Retail Association (HDE). Increasing vacancies in many city centers are making locations less attractive and putting more businesses at risk. ...
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News briefsSprinter expands in the Netherlands
Sprinter has opened a 532-sqm store in Tilburg and will soon open a 1,000-sqm store in The Hague, raising its Dutch total to six. Both will have Player Service, in which sports teams can have their name and logo screen-printed on apparel. The Spanish retailer operates in its home country ...
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News briefsDecathlon U.K. launches rental scheme nationwide
Following a successful trial last year, Decathlon is now rolling out its sports rental scheme in all its stores across the U.K. The rental scheme includes bikes, tennis rackets, paddle boards and kayaks. The retailer has committed £1 million (€1.14m) worth of products to the scheme. Decathlon tested the scheme ...
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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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ArticleMetaverse NPCs that can learn
NPCs are familiar to gamers around the world as mindless characters that populate the backgrounds of video games. They are non-player characters, or NPCs, because no player is in control of them. A California company called Infinite Reality (iR) is endowing the NPC with data collection and machine learning to ...
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News briefsNew store and retail concept for Peak Performance
The Swedish outdoor brand Peak Performance has opened a 180-sqm store in Innsbruck, Austria, with a new retail concept including care and repair services. As well as offering maintenance advice and professional wash services, the store opening also marks the Austrian launch of Peak Performance’s second-hand initiative, Wear Again (previously ...
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News briefsUnder Armour opens new flagship at Battersea Power Station
Under Armour opened its newest brand house in the U.K. at London’s Battersea Power Station on March 8. The new brand house features such features as changing rooms with interactive screens that allow customers to get instant support from teammates in the store. The store’s design incorporates Battersea Power Station’s ...
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News briefsSport 2000 flagship store opens in Mauritius
Sport 2000 has opened a flagship store in Mauritius together with its partner, HV Group. The store, located in the Tribeca Mall Mauritius, is also the first to implement the new Sport 2000 multi-category retailer concept with over 30,000 products from more than 20 brands in around 1,000 square meters ...
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News briefsGerman Football Association and Fanatics expand and extend their partnership
The Deutsche Fußball Liga (DFB) and sports e-commerce giant Fanatics have announced a long-term extension to their existing omnichannel retail partnership. The expanded and extended partnership, encompassing both UEFA Euro 2024 in Germany and the 2026 FIFA World Cup, will see Fanatics retain exclusive global e-commerce rights with the DFB ...
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News briefsZalando reports a “healthy balance sheet” for 2022
Zalando has released its figures for 2022, stating that all financial figures came within the ranges of the updated company guidance despite a challenging economic backdrop. GMV grew 3 percent to 14.8 billion euros in 2022, with revenue stable at 10.3 billion euros compared with a year ago. Adjusted earnings ...
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Case StudyHow Snipes’ unique retail experience helped the brand open nearly 700 stores worldwide
Snipes often describes itself as an “entertainment event company with a bit of retail.” Find out why, and read more on its shop philosophy
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News briefsDecathlon Spain dominates in mountain sports
When it comes to e-commerce in mountain sporting goods Decathlon reigns supreme in Spain. Drawing from Google analytics and data gathered by the SEO company Sistrix, CMDsport has evaluated the performance of the country’s top e-tailers with a list of 32 best-selling product types, such as tents, skis, ski boots, ...
