Latest – Page 90
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News briefsBackcountry launches Shaun White’s Whitespace brand
Backcountry, the U.S. retailer that owns Germany’s Bergfreunde, has teamed up with the pro snowboarder Shaun White for his new Whitespace brand of hardgoods and apparel. Backcountry will act as the exclusive retailer for Whitespace, kicking off the partnership with a limited-edition Whitespace Freestyle Shaun White Pro signature snowboard. Each ...
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ArticleDecathlon deepens its collaboration with Manor in Switzerland
Customers of the Swiss Manor department store chain can now purchase more Decathlon products on Manor’s web stores and in new shop-in-shops installed at some of its brick-and-mortar stores. Starting on April 1, the Manor department stores in Fribourg, St. Gallen and Zurich Letzipark will feature dedicated Decathlon areas of ...
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News briefsArc’teryx continues global brand store expansion
Source: Arc’teryx Arc’teryx has increased the number of its own brand stores by 15 percent Arc’teryx, the Vancouver-based brand owned by Amer Sports, opened 21 stores in the past twelve months, ending 2021 with a total of 159 brick-and-mortar mono-brand shops around the world - 16 ...
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ArticleJD again raises its profit forecast
JD Sports Fashion said it expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store ...
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News briefsBlue Tomato’s parent grows strongly
Zumiez’ international sales, which are concentrated in Europe and Australia, grew by 45 percent year-on-year and on a comparable store and currency-neutral basis during the nine-week period ended Jan. 10. With its sales in North America going up by 5 percent, the action sports retailers’ total sales were up by ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports, a Swiss importer for numerous sports and bike brands for Switzerland and some other countries, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more ...
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News briefs
New Reebok licensee for Greater China
Tristate Holdings, a licensee of the Authentic Brands Group (ABG) for its Nautica and Spyder brands, has been selected as the licensee for Reebok in China, Hong Kong, Macau and Taiwan after its takeover from the Adidas Group. It will manage all wholesale and retail operations for Reebok in the ...
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ArticleAlibaba tops Greenpeace’s environmental ranking among China’s e-com platforms
Greenpeace East Asia has ranked China’s largest e-commerce platforms based on their commitment to combating climate change, actions already taken, level of disclosure and steps taken to manage the marketplaces responsibly and sustainably. According to the climate activist group, Hangzhou-based e-commerce platform Alibaba, which last December pledged to become carbon ...
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ArticleSports retailers confirm 2021 recovery
As previously reported, the sporting goods market fell by an estimated 5 percent in Europe in 2020, due to the pandemic, with only 16 out of 64 leading retailers in 15 European countries reporting flat or higher figures. The year 2021 was much better, with many retailers enjoying double-digit growth ...
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AnalysisAnalysis: The industry’s market cap rose by 9.5% in 2021
This exclusive chart shows the development in the market capitalization of the top 88 stock-listed sporting goods companies between the end of 2020 and the end of 2021. This is exclusive data and analysis for Professional Members.
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News briefsBlue Tomato expands cooperation with POW
Blue Tomato, the European boardsports and lifestyle retail chain, has been partnering for many years with Protect Our Winters (POW), the global environmental protection organization established around 15 years ago by the U.S. pro snowboarder Jeremy Jones. Blue Tomato has expanded the cooperation by becoming the official merchandise partner of ...
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News briefsNorda expands global distribution
Norda, a young running shoe brand from Québec, Canada, that last year launched the first seamless trail running shoe made from bio-based Dyneema fiber, announced that it has expanded its global distribution network with partners in key territories starting with the first quarter of 2022. For the Asian market, Norda ...
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News briefs
Omni-channel retailing dominates for sporting goods in Switzerland
Swiss consumers are shopping more than before online, but they still prefer to buy most kinds of products in the physical stores, according to a study commissioned by the Swiss Retail Federation to Oliver Wyman, which conducted its survey in November. The overall share of purchases made in brick-and-mortar stores ...
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News briefs
Social commerce will be a $1,200 bn business by 2025
Sporting goods brands should take a harder look at the benefits of social commerce, judging from a new report issued by Accenture. It says that shopping through social media platforms is expected to grow three times as fast as traditional e-commerce. Boosted by the Covid pandemic, it should rise from ...
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News briefsAmerican Yeti will open a European subsidiary
Yeti Coolers, a wholly owned subsidiary of Yeti Holdings headquartered in Austin, Texas, has announced that it is planning to set up a European office in Amsterdam. It will be headed up by a new managing director of international operations; Kevin Ross, who served most recently as vice president of ...
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News briefsANWR Group exits as shareholder of Bico
At the end of 2021, the ANWR Group divested its 25.1 percent stake in in the German Bico Zweirad Marketing buying group by mutual agreement, turning the Schutz- und Beteiligungsgemeinschaft der Bico-Händler cooperative of bike dealers into its sole shareholder. ANWR, which is also the parent company of the Sport ...
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News briefs
New Balance goes direct in three more Eastern European countries
New Balance has further extended its control over the distribution of its products in Europe. It has taken it over from Aspire Sports for the markets of the Czech Republic, Slovakia and Hungary, with effect from Jan. 1. Its business in those three countries will be run by its Polish ...
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News briefs
Sports Direct’s parent is reportedly bidding for Footasylum
Frasers Group has filed an offer to buy Footasylum, according to The Sunday Times. It has notified the Competition and Markets Authority (CMA), which again ruled in November that JD Sports Fashion must divest the 65-store chain on anti-trust grounds. JD acquired Footasylum in May 2019. Frasers’ bid is questionable, ...
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News briefs
Spanish mountain sports retailers' association Green to launch website
CMDsport reports that Green, an association of 13 independent mountain sports retailers in Spain, is set to launch next year a website, called The Green, to promote the association’s name to suppliers and consumers alike. According to Carles Raimundo, owner of Foracorda, a store in Palma de Mallorca that belongs ...
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News briefs
Skechers takes charge of its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
