All Norway articles

  • News briefs

    Norway’s sports chains grew by 25% in Q1

    2021-05-07T15:14:00Z

    The Norwegian sporting goods market as already gone up by 7 percent, as previously reported . Cold weather, abundant snow and restrictions on foreign travel helped the major Norwegian sporting goods retail chains to book a sales increase of almost 25 percent to 3.3 billion Norwegian kroner (€1.3bn-$1.6bn) in the ...

  • News briefs

    Sports sales boom in Norway continues over the internet

    2021-03-17T18:03:00Z

    The Norwegian sporting goods market, which grew by 7 percent last year across the major retail chains , continues to be very buoyant, especially over the internet, as noted by Sportsbransjen , the country’s sporting goods industry association. According to Klarna , the Swedish fintech company, online sales of sports ...

  • News briefs

    Strong start of the year in Norway and Finland

    2021-03-04T16:26:00Z

    According to Virken , the general retail trade increased by 9.2 percent in Norway in January, as compared to the same month a year ago, despite the closure of some shops and malls for one week, rising by 54.3 percent online and by 6.4 percent offline. The sporting goods sector ...

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    Article

    The Norwegian market grew by over 7% in 2020

    2021-03-01T17:37:00Z

    Norway has the highest per capita consumption for sporting goods in Europe, and it grew strongly last year – in spite or because of the coronavirus epidemic – in contrast with an overall sales decline estimated at around 10 percent in the five major European countries. One main reason was ...

  • News briefs

    Two Norwegian distributors join forces

    2020-09-29T16:53:00Z

    Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic . As reported by the Norwegian Sports Industry Association , Invest42 , until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response ...

  • Article

    Strong growth in Norway

    2020-09-03T10:02:00Z

    Norway’s major sports retail chains recorded a particularly strong increase of 17.7 percent in the second quarter of 2020 as compared to the year-ago period, despite the Covid-19 pandemic, according to the country’s well-informed sporting goods industry association, Sportsbransjen . Their online sales went up at higher rates. Norway ...

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    Opinion

    Opinion: The short- vs long-term perspective of retail recovery

    2020-09-01T14:20:00Z

    Guest Article by Magnus Ohlsson The pandemic has led consumers to shift interests and behavior for now, but not necessarily forever. This also means that short-term gains and losses should not be translated into an everlasting future. It is important to take into the equation the brand performance of ...

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    Article

    Solutions in sight for Norway’s sports sector

    2020-03-06T11:57:00Z

    We reported in our Feb. 10 issue about the problems at XXL ASA and the bankruptcy of Gresvig , the Norwegian licensee of Intersport. Powerful investors are pitching in to save the two largest retail players in the Norwegian sporting goods market. It seems, however, that some suppliers may ...

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    Article

    Many factors at the root of the Norwegian problem

    2020-02-10T20:40:00Z

    Recent consequences of climate change aside, Norways’ two major competitors in the sporting goods market, Gresvig and XXL (see the related articles in this issue), have been caught in a “perfect storm” of troublesome factors, according to two experts: Trond Hansen , CEO of the Norwegian sporting goods industry association, ...

  • Article

    Swedish and Finnish retailers were better off

    2020-02-10T20:16:00Z

    According to preliminary figures, retail sales of sporting goods declined more or less by 0.7 percent in Sweden and by 0.3 percent in 2019, compared with a drop of 3.5 percent in Norway.