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Heydude opens German online shop
Shoe brand Heydude, which belongs to Crocs, has announced the launch of its own online shop for the German market. The brand is already available in nearly 1,500 shops in Germany. Starting in May, it will also be available via Berlin-based e-tailer Zalando. Earlier this year, Heydude announced an aggressive ...
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SGI Europe Executive Edition: Vol 35 - 11+12
Adidas posts first loss in 30 years, eyes €500m operating profit in FY24 | Is Topgolf Callaway on the Market? South Korean sources says so | On eyes greater reliance on DTC, apparel | Allbirds has a new CEO | Zalando wants to cover 15% of the European fashion market | Puma achieves greenhouse gas reduction targets ahead of schedule | Decathlon rebrands to ‘ignite global passion for sport’ | The Weber era at Brooks is coming to an end | More losses at Allbirds | Xtep Intl. annual profit hits all-time high | Yue Yuen’s profit, sales slip in soft FY23 | Li Ning considers privatizing sportswear firm amid market challenges | Italy’s Cisalfa to take over SportScheck | Puma partners with Google Cloud to enhance online retail experience | Boxing equipment market to accelerate at a CAGR of 4% by 2027 | China’s athleisure market poised to hit $82.8 billion by 2024 | France’s proposal against fast fashion | Sympatex unveils new more sustainable dying solutions | Progress in ski boot recycling; call for collaboration | EFTA states and India deepen economic partnership with new trade agreement
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Zalando wants to cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...
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OOSC Clothing secures £1.4m export finance deal to fuel global expansion
Skiwear brand OOSC Clothing has secured a substantial £1.4 million (€1.64m) export finance package courtesy of HSBC UK, in collaboration with the UK Export Finance (UKEF) agency. The objective of this significant deal is to bolster OOSC’s presence in key global markets, including the European Union, the US, Canada, Australia, ...
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Short Stops Week 09, 2024
MARKET STATISTICS +++ Cambodia’s textiles and apparel exports to the EU dropped by 13 percent in 2023 to €3.2 billion +++ The 2023 FIFA Women’s World Cup had an economic impact of $1.32 billion, according to a newly published document from Football Australia, based on research led by Nielsen ...
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On forges partnership with Zalando, opens up to "new audience”
On and Zalando have joined forces to bring On’s range of running products to Zalando’s base of active customers. The collaboration marks On’s debut on Zalando’s platform, giving it access to 22 markets. Zalando, a prominent online destination for lifestyle and sports products in Europe, is welcoming around 100 performance ...
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Short Stops Week 04, 2024
RETAIL & DISTRIBUTION +++ Decathlon announced plans to open a 2787sqm flagship store in Clerys Quarter, Dublin, Ireland, later this year, which will create more than 50 jobs +++ PRODUCT & MARKETING +++ French ski brand Blackcrows has added US freeskier Lucas Wachs to its athlete team, equipping ...
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Zalando turns nine-month net profit
Berlin-based e-tailer Zalando reports a net profit of €10 million against a €82.7 million loss in the year-ago period. The group described the first nine months of its financial year as “characterized by the normalization of e-commerce penetration, ongoing pressure on consumers’ disposable income, and a delayed fall/winter season start ...
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SGI Europe Executive Edition: Vol 34 - 41+42
Analysis: The latest inventory levels in the Sporting Goods Industry, Q2 2023 | Puma maintains FY outlook as Q3 gross margin improves | VF Corp. abandons guidance, commences turnaround plan led by former Vans President | Skechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains | Deckers raises full-year guidance again on continued strength from Hoka, Ugg gains | XXL misses target in Q3: “Neither proud nor satisfied” | Garmin with strong Q3 results | Moncler Group’s revenues rise 7 percent in Q3 | Vulcabras’ sales rise by double-digits for 13th consecutive quarter | Super Retail Group updates year-to-date sales | Rental and second-hand markets contribute nearly £7bn to UK economy | Skechers sets its sights on basketball | Peloton appoints new Australian GM
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Zalando introduces ZEOS Fulfillment
Zalando is launching the ZEOS brand (short for Zalando E-commerce Operating System), which aims at enabling brands and retailers to manage their multi-channel business across Europe within one unified platform. In October 2022, Zalando piloted a multi-channel fulfillment solution with selected partners, which is now moving under a new dedicated ...