All Sports, leisure & outdoors articles – Page 12
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NewsFootasylum sales rise despite fall in profits
Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.
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NewsLululemon sales jump as revenue ‘exceeds expectations’
Lululemon has recorded strong sales and revenue growth that “exceeded expectations” as it continues to enhance its business model and product offering.
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DataFashion Forward: The top 10 retailers set to dominate fashion by 2026
Frasers Group, Next, Marks & Spencer, JD Sports and Primark will be fashion’s big five within three years. Retail Week investigates why
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AnalysisFrom source to sale: How retailers are making sense of sustainability
Climate change is accelerating and so are consumer’s environmental concerns. We explore how retailers are stepping up their eco-efforts with investments throughout the supply chain
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NewsFoot Locker swings to loss driven by ‘ongoing consumer softness’
New York-based sports retailer Foot Locker reported a 10% fall in sales in the second quarter of the year impacted by “ongoing consumer softness, changing vendor mix and the repositioning of Champs Sports”.
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GalleryLululemon opens newly renovated store in Hong Kong
Global athleisure brand Lululemon has opened the doors to a newly renovated store in Hong Kong at the city’s IFC mall.
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NewsRetailers prepare for sales boost ahead of women’s World Cup final
Retailers including Waitrose, John Lewis, Asda, Marks & Spencer and Boohoo are expecting a boost in sales as football fans prepare for the Women’s Fifa World Cup final on Sunday.
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NewsFrasers Group takes new Meadowhall flagship as part of physical expansion
Frasers Group has announced the signing of “significant leases” with British Land, “reinforcing the group’s commitment to physical retail in the UK”.
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NewsUnder Armour sales slip against ‘challenging consumer environment’
In a trading update for the first quarter ending in June, Under Armour reported total sales of $1.3bn (£1.02bn), down 2% from the same period last year, and 1% in currency-neutral terms. Operating income was $21m (£16.5m) and net income was $9m (£7m).
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NewsJD Sports takes full ownership of Poland’s MIG
JD Sports has entered “a conditional agreement to acquire the outstanding 40% minority stake” of Marketing Investment Group (MIG) making it the 100% sole owner of the Poland-based footwear and clothing company.
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NewsAdidas reports flat sales as market remains ‘volatile’
Adidas posted flat sales in the second quarter of the year “impacted by the company’s conservative sell-in approach in order to reduce high inventory levels”.
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NewsCMA investigation concludes JD Sports broke competition law
An investigation by the Competition and Markets Authority (CMA) concluded that JD Sports and Leicester City Football Club (FC) broke competition law by “colluding to restrict competition in the sales of Leicester City-branded clothing, including replica kit, in the UK”.
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NewsFrasers Group to cut 100 jobs at Manchester office
Frasers Group has put more than 100 jobs at risk of redundancy at its Manchester office as it looks to cut costs.
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Innovation of the WeekInnovation of the Week: Patagonia launches 24-hour online repair portal
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.
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NewsFrasers profits soar as elevation strategy pays off
Frasers has reported strong revenue and profit growth across its portfolio in a “particularly significant year for sports retail” driven by the group’s elevation strategy.
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NewsAdidas banks £439m as demand for Yeezys soars
Global sportswear giant Adidas received orders worth more than €508m (£439m) for 4 million pairs of Yeezy shoes as it decided to sell the remaining stock of the highly popular line to prevent further losses.
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GalleryInside Under Armour’s Oxford Street store as it targets rapid expansion
Under Armour has opened its latest store in the UK on London’s Oxford Street, marking a “significant milestone in its European growth plan”.
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AnalysisAre retailers missing an open goal during the women’s World Cup?
After more than 87,000 spectators watched the Lionesses score their winning goal in the Euro final last year, hopes are high as the Fifa Women’s World Cup kicks off. Retail Week finds out what opportunities the event presents for retailers
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AnalysisWhat makes Lululemon’s supply chain strategy so great?
Lululemon is among the 15 global retailers and brands recognised by analysts for leading supply chain performance in the new Retail Changemakers report. Here we deep-dive into the athleisure company’s operating model