HAMBURG, June 25 (Reuters) – Sweden’s IKEA, the
world’s biggest furniture chain known for its sprawling
out-of-town showrooms, is opening its first city centre store as
it responds to a shift in shopping habits to smaller local
stores and the Internet.
While IKEA has already opened a few stores closer to city
centres than usual in countries like Britain and Japan, its new
building in the northern German port city of Hamburg is the
first time it will be in a central pedestrian shopping zone.
HERZOGENAURACH, Germany, June 24 (Reuters) – German sportswear firm Adidas expects to keep its position as the world’s biggest seller of soccer gear as strong World Cup performances by the star players it sponsors fires demand for its shirts, boots and balls.
Chief Executive Herbert Hainer said Adidas would reach its target of 2 billion euros ($2.72 billion) of soccer sales in 2014, keeping it ahead of rival Nike’s estimated $2 billion in soccer turnover.
PARIS, June 19 (Reuters) – The founder of Rocket Internet,
the German venture capital company behind dozens of online
start-ups, warned the retail industry on Thursday that
e-commerce and smartphones would mean there will be little
future for stores in emerging markets.
Oliver Samwer, 40, told the annual summit of the Consumer
Goods Forum (CGF), an industry network of some 400 retailers and
big brands from 70 countries, that many of them risked being
left behind as the growth of e-commerce accelerates.