Latest – Page 102
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News briefs
Another long-serving director steps down at JD Sports Fashion
Another director is leaving the board of directors of JD Sports Fashion, following a statement made at its recent annual shareholders’ meeting that the composition of the board should “address the tenure of certain Board members who have served on the Board for longer than recommended within the Corporate Governance ...
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News briefs
Schmidt adds the Kappa license for Austria
The German Schmidt Group, which has been the licensee of Kappa for Germany since 1999, is taking over the license to the Italian brand for the Austrian market from Alois Wild, adding shoes to the range sold in the country. The Schmidt Group is also Kappa’s licensee for Poland since ...
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News briefs
JD Sports transfers the ownership of DTLR Villa to its U.S. unit
JD Sports Fashion has transferred the ownership of DTLR Villa, a Baltimore-based retailer, to a U.S. sub-group, Genesis Topco, in which it holds a controlling stake of 80 percent. The balance is in the hands of the four Mersho brothers who previously sold another American sports retailer, Shoe Palace, to ...
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News briefs
Another Spanish buying group ceases operations
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 ...
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News briefs
An Absolute Run-Finish Line store opens in Germany
The fifth Absolute Run store affiliated with Sport 2000 has opened in downtown Nuremberg, Germany. Its full name is actually Absolute Run–Finish Line. Covering nearly 300 square meters, it takes the place of a running specialty store called Finish Line, like the U.S. banner recently taken over by JD Sports ...
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News briefs
Omnichannel purchasing has become the norm in Spain
According to the “Estudio E-Commerce 2021,” a study put out by IAB Spain and Elogia, the distinction between e-tail and physical retail has blurred this year in Spain to the point of indifference for 58 percent of the country’s consumers. This is an increase of six percentage points from last ...
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Article
German e-commerce grows strongly, marketplaces on the rise
Figures published for the second quarter of 2021 by the German e-commerce and mail order trade association, BEVH, show an unbroken overall trend toward e-commerce and the use of online marketplaces for all types of goods in Germany, even though restrictions on brick-and-mortar retailing have been eased. After a strong ...
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ArticleA 13% rise in bike sales limits the Austrian sports market’s drop to 1%
Pointing to the strongly diverging business development for Austrian retailers (depending on location and product range focus), the national Association of Sporting Goods Manufacturers and Suppliers (VSSÖ) provided a first summary for the full year 2020 and the winter season Q4, 2020, and Q1, 2021. According to the association, total ...
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News briefs
Decathlon launches its marketplace in France
The international French-based sports retailer has finally rolled out its new online marketplace concept in its domestic market, acting in collaboration with a local developer, Mirakl. The items being offered on the French website can be filtered by supplier or brand name, by type of product, by sport and by ...
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Article
Intersport Austria emerges reinvigorated in H1
Intersport Austria had to report a drop in sales of almost ten percent for the first half of 2021, yet the cooperative is optimistic about the year as a whole, as long as trade and borders remain open. Despite long retail lockdowns and a largely lost ski season earlier this ...
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News briefs
Authentic Brands moves the Spyder license to Liberated Brands
Authentic Brands Group (ABG) has announced the transition of its core licenses for its ski-focused Spyder brand to Liberated Brands. Under the terms of the new long-term agreement, Liberated Brands will assume outerwear and apparel sourcing, product design, marketing, wholesale, e-commerce and retail store operations across the U.S., Canada, Australia, ...
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News briefs
Decathlon sends its first American athlete ambassadors to the Olympics
Decathlon has announced that two of its sponsored athletes, Jamal Hill (paralympic swimming) and Robyn Stevens (race walking), have qualified for the Tokyo Summer Olympics and will be the first Team USA athletes to represent the French brand at the Olympic Games. After being postponed due to the Covid-19 pandemic, ...
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ArticleIntersport sells The Athlete's Foot
The board of Intersport International Corp. (IIC) had already decided one year ago to initiate a search for a new owner of The Athlete’s Foot (TAF), the sports lifestyle footwear banner that it acquired in 2012. The Swiss-based owner of the big Intersport brand has finally picked the Arklyz Group, ...
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ArticleSporting goods stocks jumped by 26.65% in Q2
The average share price of the sporting goods sector grew by 26.65 percent between March 31 and June 30, accelerating from the 10.9 percent growth recorded in the first three months of this year. As usual, the public companies in this sector scored much better than all the major stock ...
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Article
Decathlon begins renting sporting goods in Russia
Decathlon has installed 40-feet containers in several city parks in St. Petersburg where customers can rent some of the company’s sporting brands. Depending on the season and location, Decathlon plans to rent out bicycles, electric scooters, kayaks, SUP boards, tents, football gates, skis, snowboards and skates. Customers can also pick ...
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News briefs
Peloton opens a store in Leipzig
Peloton Interactive continues to expand its presence at retail in Germany, one of the few foreign markets currently under its radar. It has opened its eighth German store in the city center of Leipzig, replacing a former pop-up area in the local department store of Breuninger. Located in the Specks ...
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News briefs
Decathlon launches its marketplace in the U.K.
Decathlon UK has reportedly launched its own marketplace, offering domestic brands such as Donda Cycling and Pendle Bike Racks as well as items by international brands such as Adidas and Speedo. As previously reported, Decathlon is rolling out its marketplace in various European countries. It launched its first marketplace in ...
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ArticleJD upgrades its forecast, reinstates the CEO role
Confirming a report that came out in The Sunday Times in May, which had been initially denied, Peter Cowgill, executive chairman and CEO of JD Sports Fashion, revealed a plan to divide his role before the next annual general meeting of the company one year from now, adding that “a ...
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News briefs
UYN opens its first Basecamp Store
UYN - Unleash Your Nature has opened its first UYN Basecamp Store, a retail space whose concept and name are meant to recall the landmark role of base camps for mountaineers. The new 200-square-meter store is located in San Ginesio, a municipality in the Italian province of Macerata, located in ...
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News briefs
Sports Direct aims to open flagships in all European capitals
Sports Direct is considering acquisitions as a way to build up its presence in Europe, according to the Financial Times. It is also looking at opening flagship stores in “all” capital cities in Europe, similar to the one it has just inaugurated on London’s Oxford Street, as part of a ...
