There are still more buying groups of independent sports retailers in Spain than in any other country, but they are going through rough times. According to CMDsport, one of them, Quorum Sport, having run into financial trouble due to fiscal problems, has ceased operations. This is the second buying group in the G5 consortium, after TDC – Tiendas Deportivas Canarias, to reach an impasse. As of this summer, then, G5 will be reduced to three member groups: Giro 180, Deportes Cronos and Coas Sport.
Quorum had a crusading ethos intended to battle such large retailers as Decathlon, the factory outlets of such major brands as Nike and the proliferation of e-tail websites. Such business models, said the group, “mean to destroy the traditional business model, that of the everyday store, which over many generations has handed down to us the values of neighborhood shopping, personalized attention and good practices among merchants.”
Established in 2014, Quorum Sport has been left with only about 30 retail members. These employees are reportedly in negotiations to join other groups – mostly within G5, although Atmósfera Sport is an alternative. The group’s president, Leopoldo Nieto, will be stepping away from G5. Quorum reached its peak in 2018, with 63 affiliated retailers managing 65 stores and a presence throughout Spain. It is now concentrated in Madrid, La Mancha and Castilla y León.
G5 will be holding its spring/summer convention, online only, on July 14-18. It expects about 30 brands to exhibit.