All E-Commerce & DTC articles – Page 4

  • signa-spouni-logo-cmy-color-pos-1-1
    News briefs

    SSU files for insolvency

    2023-10-28T09:58:00Z

    Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...

  • BIKE24 LOGO
    News briefs

    Bike24 again revises 2023 revenue forecast

    2023-10-26T15:12:00Z

    Based on preliminary calculations for the third quarter of 2023, the Management Board of listed e-commerce bicycle retailer Bike24 Holding AG decided on Oct. 25 to adjust the forecast for the company’s revenue development in fiscal year 2023, or more precisely: to correct it downward. The company’s already revised forecast ...

  • Internetstores_Logo
    News briefs

    ​Internetstores GmbH files for insolvency

    2023-10-25T05:47:00Z

    Stuttgart-based Internetstores GmbH, which includes the bike and outdoor online shops Fahrrad.de, Bikester, Campz and Addnature, filed for insolvency at the Stuttgart District Court on Monday afternoon. The company is part of Signa Sports United (SSU), the sporting goods division of the Signa Group founded by Austrian investor René Benko. ...

  • Outnorth
    News briefs

    Inventory levels weigh on Outnorth’s FY2022

    2023-10-24T08:47:00Z

    International outdoor e-tailer Outnorth, based in Växjö, Sweden, has presented its financial results for FY2022. Net sales increased slightly to 1.1 billion Swedish kroner, compared with SEK 1.073 billion a year earlier. At the same time, operating profit fell significantly to SEK 2.1 million, down from nearly SEK 60 million ...

  • Tennis Point
    Article

    Wave of insolvencies at SSU seems unleashed

    2023-10-20T15:57:00Z

    While Signa Sports United (SSU) offshoot Internetstores GmbH (Addnature, Bikester, Brügelmann, Campz, Fahrrad.de, Probikeshop) is said to have informed its suppliers of impending insolvency in self-administration and British affiliate WiggleCRC is believed to have done the same in its home country, German Tennis-Point GmbH has already filed for insolvency on ...

  • RevolutionRace_logo
    News briefs

    Pernilla Nyrensten declines re-election to RVRC’s board

    2023-10-20T11:29:00Z

    Source: RVRC Pernilla Nyrensten In a press release accompanying its proposal for the composition of Revolution Race’s (RVRC) Board of Directors for the next Annual General Meeting on Nov. 21, the company’s Nominating Committee published last Friday that Pernilla Nyrensten has decided to leave the board of ...

  • Frasers SportScheck
    Article

    Signa Holding sells Sport Scheck to British Frasers Group

    2023-10-20T09:36:00Z

    On Oct. 17, Signa Retail Department Store Holding GmbH announced the sale of the German sporting goods chain SportScheck to British sporting goods and fashion retailer Frasers Group. Frasers runs, among other brands, Europe’s largest retailer of sports and fitness footwear, apparel and equipment, Sports Direct. No details were given ...

  • OMIS Outdoor Market Intelligence Service logo
    Article

    EOG invites UK retailers to participate in OMIS market data program

    2023-10-18T10:54:00Z

    The European Outdoor Group (EOG) has launched the Outdoor Market Intelligence Service (OMIS), an online dashboard to share real-time monthly sales data from outdoor retailers in the UK. Outdoor retailers in the UK are invited to join the program for key market insights, which went live during the European Outdoor ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    Largest SSU shareholder cancels equity commitment

    2023-10-17T10:17:00Z

    Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    SSU delists from NYSE, new CEO

    2023-10-03T10:15:00Z

    After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...

  • Ville Kangasmuukko Nordström
    News briefs

    Outnorth names new CEO

    2023-09-15T13:36:00Z

    Source: Outnorth Ville Kangasmuukko Nordström After Harald Ennen decided to leave Sweden-based e-commerce company Outnorth and his role as CEO this summer, a successor has now been found in Ville Kangasmuukko Nordström, currently CEO at leading Swedish fashion shopping company Bubbleroom. He will take up his new ...

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    News briefs

    Specialized opens new bike store in Munich

    2023-09-12T09:01:00Z

    Source: Specialized Back with a big bike store in the Bavarian metropolis: US bicycle outfitter Specialized After the long-time Specialized Concept Store Munich operator Alpha Bikes showed the American bike maker the red card (after 24 years, Alpha Bikes was not happy about the distribution change of ...

  • trove-circular-shopping-logo
    Article

    Resale specialist Trove secures $30 million Series E funding

    2023-08-22T10:45:00Z

    Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...

  • Yamaha
    News briefs

    Yamaha Bicycles launches new U.S. e-commerce platform

    2023-08-21T12:20:00Z

    Yamaha Bicycles is celebrating 30 years as a pioneer in e-bikes by announcing the launch of an all-new e-commerce platform in partnership with its large network of dealers in the USA. Effective immediately, e-bike enthusiasts in the U.S. can purchase their new Yamaha Power Assist Bicycle online at yamaha-motor.com and ...

  • volumental
    News briefs

    Volumental partners with UK retailer of outdoor footwear

    2023-08-18T14:24:00Z

    The UK-based vendor Outdoor & Cycle Concepts Limited (O&CC), owner of Cotswold Outdoor, Runners Need, and Snow+Rock, has partnered with 3D foot scanning platform, Volumental.

  • Riese & Müller_BikeBox
    Article

    R&M switches to reusable packaging for e-bikes and small parts

    2023-08-18T07:10:00Z

    German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.

  • RevolutionRace_logo
    News briefs

    Revolution Race posts strong FY, but profits decline

    2023-08-16T15:55:00Z

    Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...

  • RevolutionRace_logo
    News briefs

    RVRC proposes sustainability and inclusion specialist from Zalando as new board member

    2023-08-03T08:45:00Z

    The Nomination Committee of Swedish DTC provider RVRC Holding AB (RevolutionRace) – consisting of Øistein Widding (appointed from Altor Fund IV (No.1) AB and Altor Fund IV (No.2) AB), Peter Algar (appointed from Nyrensten Global Holding AB), Caroline Sjösten (appointed from Swedbank Robur Fonder AB) and Andreas Källström Säfweräng (Chairman ...

  • Sportindex
    Article

    Sales in Swedish sports retail down 1.7% in Q2

    2023-07-31T10:26:00Z

    According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in the Swedish sports retail sector fell by 1.7 percent in Q2 2023. This was the sixth consecutive quarter of negative development. Changing behavior patterns following the end of the ...

  • Swedemount Group Logo
    Article

    Restructuring process for Swedemount Sportswear & Fashion AB approved

    2023-07-27T05:11:00Z

    As the border between Norway and Sweden was closed during the pandemic and therefore, important stores along the Norwegian border were shuttered and severely affected, the Swedish company Swedemount Sportswear & Fashion AB suffered significant losses in sales. The Covid support the company received during this period exceeded the amount ...