Latest – Page 99
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News briefs
Frasers promotes Nevitt to CCO, Al-Mudallal to COO
Frasers Group, the parent company of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer. Nevitt, previously global head of commercial, has been with the company for over 30 years. Al-Mudallal joined the business in 2017, first as head of talent at ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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Article
Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
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News briefs
El Corte Inglés recovers, cuts off suppliers
El Corte Inglés, which is a major factor in the Spanish sporting goods sector through its department stores, plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from ...
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News briefs
Padel Nuestro opens its first store in Belgium
Padel Nuestro has inaugurated a store in Kalmthout, in the Belgian province of Antwerp. It is the Spanish retailer’s first point of sale in Belgium. It is an “Express” store, like the one that the chain has in Rome. These stores are located within padel clubs and have smaller inventories ...
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News briefs
Spain’s Mundo Fitness posted record sales ahead of a merger
According to CMDsport, Mundo Fitness Europe posted record annual sales for 2020 of €12.78 million ahead of its merger with another company, exceeding the previous year’s sales by 138 percent. Net profits of €1,004,436 were up year-on-year by 2.5 percent. The Spanish-based retailer specializing in fitness equipment operates chiefly through ...
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News briefs
Decathlon Australia fined over incorrect safety warning labels
The Australian branch of Decathlon has been fined A$1.5 million (€928,000) by Federal Court Justice John Nicolas for selling portable pools and basketball hoops that failed to comply with Australian safety standards between 2016 and 2019. The warning labels were either too small or lacking the mandatory wording: “Children have ...
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News briefs
RunLab’s new app helps try out the right sports shoes
A specialized Russian sporting goods retailer, RunLab, has launched a new proprietary application that helps customers choose the most suitable sports shoes better than any other similar technology available on the market, according Eugeny Gavrilov, co-owner of RunLab. “Knowledge of the physiology of sports and an understanding of the biomechanics ...
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News briefs
Unisport to sell Liverpool FC merchandise
Liverpool FC has come to terms with Unisport, the Danish-based retailer specializing in team sports, for the sale through its retail network of the English football club’s official merchandise, including the fan jerseys and other products licensed to Nike. The deal concerns both online and brick-and-mortar retail. Unisport operates out ...
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News briefs
Frasers to open two stores in Ireland
Frasers Group is opening two House of Fraser department stores in the Irish cities of Cork and Kildare, at the Mahon Point and Whitewater malls, respectively. Each will be taking over a site of about 75,000 square feet formerly occupied by a Debenhams. Both will also have two floors, with ...
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News briefs
Arsenal launches new fan rewards program
Arsenal has launched My Arsenal Rewards, a new fan loyalty program that gives fans the opportunity to convert their interactions with the club – ticket purchase, shopping at Arsenal Direct and Arsenal Retail etc. – into prizes, rewards and “money can’t buy” experiences. Adidas, the club’s team supplier, and Cadbury ...
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News briefs
SRAM integrates Time Sport into its manufacturing and distribution apparatus
Last February, the U.S.-based SRAM Group acquired the pedal business of France’s Time Sport, a former property of the Rossignol Group, including all related patents. It subsequently set up a pedal manufacturing facility in Coimbra, Portugal. SRAM already manufactures SRAM chains and Zipp wheels in Coimbra. Meanwhile, the group has ...
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ArticleIntersport grows by 32.2% in Q2
The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...
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Infographics & DataThe Norwegian Sports Retail Market
This interactive chart shows the largest norwegian sports retailers by revenue in NOK (2019 and 2020) as well as the total market size 2019, 2020 including market shares. This chart can be downloaded as JPG, PNG or PDF.
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Article
Sports Direct’s parent sees sales fall, new Covid restrictions likely
Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...
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Article
Ashley passing CEO role at Frasers to his daughter’s fiancée
Michael James Wallace Ashley, who founded the company now called Frasers Group in 1982 and owns 64 percent of its shares, is planning to hand over the position of CEO to Michael Murray on May 1, 2022, after the end of the company’s current financial year. A statement from the ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
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Article
Amazon’s sales growth is slowing down
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior-year quarter - a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding a $2.5 billion favorable impact from changes in ...
