Latest – Page 91
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News briefs
Alibaba pledges to reduce emissions
Alibaba Group has pledged to make its in-house operations carbon-neutral (Scope 1 and Scope 21 emissions) and to cut its carbon-intensity emissions (Scope 32) by 2030. It has also pledged to cut 1.5 gigatons in carbon emissions from its “business ecosystem” (Scope 3+) by 2035. To accomplish this, the Chinese-based ...
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News briefs
Stadium Outlet continues to expand
Stadium will open a large 1,900-square-meter Stadium Outlet store on the ground floor of the Femman shopping center in Gotherburg in September 2022. The low-cost chain of the Stadium group currently has 62 locations in Sweden, Norway and Finland.
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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Article
ABG strikes an early deal with the JD group for Reebok
The Authentic Brands Group (ABG) has secured an agreement with JD Sports Fashion for Reebok to be available for sale in all its 2,850 stores in Europe and North America, including those operating under the JD, Size?, Finish Line, DTLR, Shoe Palace, Sprinter and SportZone and their associated e-commerce platforms. ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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ArticleAdidas releases its first NFT collection
As we reported earlier this month, Adidas has struck deals with three producers of non-fungible tokens (NFTs) on the Ethereum blockchain: Bored Ape Yacht Club (BAYC), gmoney and PUNKS comic. The fruit of those initiatives, a first collection of NFTs under the Adidas Originals brand of lifestyle products is slated ...
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ArticleSigna Sports United goes public with a valuation of $3.0 billion
Signa Sports United (SSU), which has become the largest dedicated sports e-tailer in the world, started trading on the New York Stock Exchange on Dec. 15 with an opening price of $9.07 per share, down from an issue price of $9.43, which gave the company a valuation of $3.13 billion. ...
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News briefs
New Reebok licensee for India
The Authentic Brands Group (ABG) has picked a new licensee for Reebok in India and other ASEAN nations: Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka. The Indian company, Aditya Birla Fashion & Retail Ltd. (ABFRL) is already ABG’s local licensee for Forever 21 and Van Heusen. It also works ...
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News briefs
New 2020 retail figures for Spain
We have obtained new figures for the sales of some of the leading Spanish sports retailers in 2020 from a Spanish market research agency, Sport Panel, leading us revise one of the charts that we published on Friday. The revised chart shows, among other things, that the Spanish turnover of ...
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News briefsFoot Locker launches its Cozi label of women’s apparel
Foot Locker has announced the global launch of its first private label of women’s apparel, Cozi, presenting it as “an apparel brand designed for women who keep up with trends, love sneakers and crave premium wardrobe staples at an affordable value.” It will be exclusively available in multiple sizes online ...
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News briefsBlue Tomato expands to Norway
Source: blue-tomato.com The new Blue Tomato store at Grensen 13 in downtown Oslo. Blue Tomato has opened its first store in Norway. The Austrian-based company, which is part of the U.S. action sports retailer Zumiez, moved into a 425-square-meter store at Grensen 13 in the heart of ...
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Article
Spektrum gets new financing to diversify and internalize
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish kronor (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector, including helmets. Spektrum was founded in 2012 by a group ...
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News briefs
A new Absolute Teamsport partner in Germany
Sport Böckmann, a big German specialty team sports dealer based in Holdorf, will become the next partner in the roll-out of the Absolute Teamsport concept, Sport 2000’s new premium multi-channel format for team sports specialists. The long-time Sport 2000 partner will reopen its doors in the first quarter of 2022 ...
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ArticleAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
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News briefs
After losing the Nike and Adidas contracts, Italy’s Sport Alliance boosts its wholesale activities
Sport Alliance, the Italian buying group affiliated with Sport 2000 International, is further boosting its wholesale operations with a contract for the distribution of Cariuma skate shoes in Italy. The brand’s sustainable sneakers are developed and produced in Brazil. Sport Alliance still has one and a half years to go ...
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Article
Sports Direct’s parent eyes record profits after post-lockdown bounce in H1
Frasers Group - the U.K.-based parent company of Sports Direct and other retail chains – said it was on track to post record profits for its full year, after sales in its first half ended Oct. 24 rose by 23.6 percent to £2,339.8 million (€2,736.6m-$3,089.1m). Top line gains were supported ...
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Article
Sport 2000 launches the Running Experts Europe initiative
Sport 2000 has launched a new initiative, called Running Experts Europe, to federate the operators of specialist running shops all over Europe, starting with representatives from the Netherlands, Belgium, Switzerland and Germany. In these countries, the ANWR Group has bundled the activities of Sport 2000 through a joint company, Sport ...
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News briefs
Footway launches ninth e-tail shop, focusing on racquet sports
The Footway Group has launched its ninth specialty e-commerce site, Racketnow.com, which will be selling tennis, badminton, squash, table tennis, padel and other racquet sports products online in 24 countries, operating under the supervision of Gustav Land, general manager of the project. “The ambition,” says Land, “is for Racketnow.com to ...
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News briefs
Zara to offer subscriptions for on-demand workouts through partnership
Zara has struck a deal with TRX Training, which will be offering Zara’s customers subscriptions to its digital fitness platform, called TRX Training Club, for on-demand and live guided workouts. In tandem, Zara will be selling the company’s signature TRX product, the Suspension Trainer (which resembles a pair of Olympic ...
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Article
Rallye sells Go Sport for one euro
Rallye is putting an end to its involvement in sporting goods retailing with the sale of Groupe Go Sport to Hermione People & Brands (HPB), which is now expected to be completed by Dec. 10. HPB has agreed to pay only one symbolic euro for the business, which is said ...
