Latest Retail News & Analysis – Page 103
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Article
Improving results at retail in Japan
Improving results have been reported by the three major Japanese sports retailers. Xebio finished its own fiscal year on March 31 with a second sequential quarterly increase in revenues, but not enough to offset previous declines. Its net income for the full financial year inched up to ¥412 million (€3.1m-$3.8m) ...
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Intersport Austria’s retail members regain their shares
The retail members of Intersport Austria will regain ownership of the shares in their national cooperative, which had been transferred to Intersport Germany in 2013 on an interim basis. The aim at the time was to provide the Austrian retail organization with economic support following the pull-out of its largest ...
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Article
Topsports’ annual revenues grew by 7%
Topsports, the leading Chinese sports retailer and distributor, which previously belonged to Belle International, has reported a 20 percent increase in net income to 2,770.1 million yuan renmimbi (€355.0m-$401.5m) for the financial year ended Feb. 28 on a 7 percent increase in sales to RMB 36,009 million (€4,014.0m-$5,218.7m). The gross ...
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News briefs
Foot Locker opens a flagship store in Barcelona’s Plaza Catalunya
Foot Locker has announced the opening of a 550-square-meter store at 20 Plaza Catalunya, the main square in the heart of Barcelona. Covering two floors, the new store has a special focus on sustainability and art, with mannequins made from reused sneakers and original store artwork inspired by the diversity ...
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News briefs
Decathlon France is testing an in-store “sport and health” corner
Decathlon is testing an interactive “educational corner” on sport and health, with a focus on connected devices, at its main Decathlon Campus in Villeneuve d’Ascq, in the north of France. The new space is meant to allow customers to benefit from personalized advice about how to improve their lifestyle in ...
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After rising by 83.1% in Q1, Foot Locker will downsize its U.S. fleet
After phasing out Runners Point in Germany, the Foot Locker group is now planning to phase out its mall-based Footaction chain in the U.S. About two-thirds of its 230-odd stores will be closed over the next couple of years as leases expire, while the others will be converted to the ...
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News briefs
Google to open in NYC its first permanent retail store
Google is opening its first permanent retail store this summer at the company’s Chelsea campus in New York City, which is already home to many of Google’s 11,000-plus NYC employees. Google has not announced a date for the opening. The store will sell a variety of products, from Pixel phones ...
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News briefs
New European operation in London for Hero Cycles
The Indian-based Hero MotoCorp (HMC) group, which claims to be the world’s largest manufacturer of bicycles, has hired an American bike industry veteran, Jeff Weiss, to head up a new subsidiary in London, Hero International (HIT), that is aiming to reach European sales of €300 million by 2026. This would ...
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News briefs
Decathlon plans to introduce franchising in Switzerland
Decathlon is further expanding its activities in Switzerland, while introducing the concept of franchising in mountain areas. According to Swiss media reports, a first franchise store is to open in Valais in the winter of 2022. Decathlon also intends to generate further growth in its wholesale business. Since mid-2020, the ...
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News briefs
Decathlon plans to expand further in Italy
Decathlon has plans for eight new stores in Italy by the end of the year, four of which have already been inaugurated. The new stores are located in Asti, Bologna, Lonato del Garda (Brescia), Ponte nelle Alpi (Belluno) Roma Ostiense, Taranto, Trapani and Venaria (Turin). The new openings, which also ...
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ArticleSigna is negotiating to use the Padel-Point name in Spain
Signa Sport United is in negotiations to overcome a stumbling block to the use of its Padel-Point brand in Spain. As we reported in March, there already exists a pádel club called Padelpoint (no hyphen) – with an accompanying e-commerce site, padelpoint.es – in La Nuncia, just outside the Valencian ...
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News briefs
Hervis proposes online video consulting
To come closer to the customer, the Austrian sports retailer Hervis Sports is supplementing its omnichannel service offering with a personal video consultation, especially in product areas that require a lot of advice, like skis and bikes. Working together with SPAR ICS, the IT subsidiary of its parent company, SPAR, ...
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Infographics & DataEarnings - Q1 2021 Results Adidas
This earnings briefing includes the highlights of the Q1 2021 from Adidas.
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Stores remain closed in Germany, will reopen in France
Sporting goods stores and other so-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April ...
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News briefs
Angling Direct’s former CEO, Darren Bailey, is leaving
Darren Bailey, the former CEO and managing director of Angling Direct, is leaving the company. Bailey, who moved from CEO to non-executive director in 2019, informed the board that he would not stand for re-election at the May 11 annual meeting. He has been with the leading British online and ...
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News briefs
Shares of Sports Direct’s parent reach a 52-week high
Frasers Group, which owns Sports Direct International and many other assets, has launched a new share buyback program, limiting the maximum aggregate purchase price at £60 million (€69m-$83m) for a total of up to ten million shares. It started on May 4 with the acquisition of 3,189 shares at an ...
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News briefs
Cisalfa expands its retail network after a 2.7% sales drop
Italy’s Cisalfa Sport Group suffered a relatively small decline of 2.7 percent in consolidated sales to €439.5 million in the financial year ended Feb. 28. Excluding revenues of €179 million from the Intersport business in Italy, Cisalfa Sport and its other integrated sporting goods retail chains had revenues of €366.4 ...
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Padel Nuestro seeks investors
According to anonymous sources cited by CMDsport, Grupo Padel Nuestro is in late-stage negotiations with various operators in the pádel market and other investors. The Spanish group hopes to raise capital chiefly for international expansion. According to the report, the negotiations follow on the heels of failed negotiations, from the ...
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News briefs
JD buys a small meanswear retailer
JD Sports Fashion has acquired Oi Polloi, an upscale casual menswear store in Manchester, and its online shop. Founded in 2002, the retailer offers clothing under its own label as well as brands such as Adidas, Reebok, Converse, Keen, Patagonia, Barbour, Ralph Lauren, Superga, Levi’s, Stone Island and Armor Lux. ...
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News briefs
No change planned in JD’s top management
In response to our inquiry, a spokesman for JD Sports Fashion denied a report in The Sunday Times that Peter Cowgill, the company’s dynamic executive chairman and CEO, was planning to step down from its day-to-day functions, hiring a CEO to help manage the group’s growing range of operations. He ...
