Gymshark FY profit up 47 percent, readies London store
Gymshark Group Ltd.’s net profit rose by 47 percent to £36.5 million (€41.4m) from £24.8 million for the 12 months ended July 31, 2021. Group revenues for the then DTC-only brand increased by 68 percent to £401.9 million (€455.8m) from £260.7 million. Financial year operating profit slipped to 11.6 percent ...
Lacoste opens largest flagship store on Champs-Elysées
Lacoste opened a 1,600-square-meter store at 50 Champs-Elysées in Paris, at the corner of rue du Colisée, on May 20. The new retail space – dubbed Lacoste Arena – is the brand’s largest flagship store globally. Tennis takes center stage in the new store, alongside the brand’s collections for golf ...
StockX appoints chief impact officer
Vintage sneaker and other collectibles auction platform StockX has expanded its leadership team with the appointment of its first-ever chief impact officer, Damien Hooper-Campbell. He will report directly to CEO Scott Cutler and oversee key functional areas, including Diversity, Equity & Inclusion (DEI) and environmental, social and community engagement initiatives ...
UK e-tail slows down post-pandemic
According to the most recent IMRG Capgemini Online Retail Index, the post-pandemic retail climate is, at last, taking shape. Online sales for the 200-odd retailers tracked by the index are down by 12 percent year-on-year for April. As IMRG puts it, this is a significant improvement from March’s year-on-year fall ...
Snipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
Zalando launches a profit warning as sales decline for the first time
Zalando posted the first decline in quarterly sales in its history and launched a profit warning for the full year.
Decathlon increases investment in Quadient parcel lockers
Decathlon France began equipping 62 of its stores with Quadient parcel lockers in 2015. The lockers, where merchandise ordered online is deposited for pickup, are additional customer service. The success of the lockers, tested and certified by the retailer’s teams, has led the sports retailer to expand the partnership, resulting ...
EU continues to criticize Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology company has abused its dominant position in the markets for mobile wallets on iOS devices. By restricting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in ...