Retail & Distribution – Page 12
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ArticleRussia sees hike in online sales of sporting goods as fears rise over counterfeits
Russia’s largest online retailers have registered booming demand for sporting goods in the first half of 2022. Learn about the details.
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ArticleElevate Outdoor Collective’s new ‘One Team’ approach restructures global sales
Elevate Outdoor Collective (EOC), formerly K2 Sports, announced a fundamental change to its global sales structure designed to support the growth of its independent brands.
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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ArticleIntersport Germany: Growth in challenging times, new store opens in Bad Homburg
On the occasion of the opening of the new Intersport Krumholz store in Bad Homburg near Frankfurt am Main, Dr. Alexander von Preen, CEO of Intersport Germany, gave an interim assessment of the current situation in the sporting goods market and the development of the cooperative.
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ArticleSales up by 18.3% at Decathlon Spain
Decathlon Spain generated revenues of €2.034 billion (VAT included) in 2021, for a year-on-year increase of 18.3 percent. Net profit amounted to €96.7 million, of which €19 million was shared with its 11,910 employees. The Decathlon group’s revenues were up by 12.5 percent for the year. Online sales reached €326 ...
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ArticleIntersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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ArticleVertical Block Exemption Regulation -
VBER 2022: Guidelines for the new EU-wide distribution lawThis article provides you with everything you need to know about the new EU-wide distribution law: Vertical Block Exemption Regulation (VBER). It is one of the most important regulations for everybody in the trade business.
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ArticleGerman consumer climate falls to new record low
According to GfK, German consumers were more uncertain than ever in June 2022. At minus 27.4 points, consumer sentiment has never been lower since the first German consumer climate survey in 1991. Above all, German consumers are more pessimistic about their own income than they have been for decades. According ...
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ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
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ArticleCross-border online commerce in Europe rises 17 percent, while Brexit heavily impacts U.K. business
Cross-Border Commerce Europe (CBC), a Brussels-based platform promoting cross-border online commerce in Europe, publishes a yearly study that examines and ranks the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online commerce. In the 2021 ranking of the most eager EU consumers, Luxembourg ...
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ArticleU.K. rail strike deserts rail stations and heavily impacts retail companies
With their biggest strike for 30 years rolling over the U.K., British rail unions have brought 17.7 percent fewer shoppers to the greater London area, and 27 percent less to the city center compared to last week. Compared with the 2019 pre-Covid numbers, footfall was down 19.3 percent across U.K. ...
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ArticleSport 2000 to present a more united image internationally
Sport 2000 closed the 2021 financial year with record sales of €5.3 billion, confirming its position in sports retail in the DACH region. Now the sports retail group wants to become more visible worldwide as “One Sport 2000,” as the group announced at this year’s General Assembly. “The specialty sports ...
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ArticleMeta to sell name-brand avatar apparel
In January, Meta introduced its 3D avatars – already operative in its virtual-reality (VR) iteration – into Facebook, Messenger, Instagram Stories and direct messages (DMs). This month it is inaugurating the Meta Avatars Store, where users can purchase virtual apparel for their avatars from, so far, three name brands – ...
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ArticleGfK reports Europe-wide retail turnover increase of 6.8 percent in 2021
Against the weaker 2020 numbers that reflected a European economy shaken by the first Covid-19 wave, the new figures conducted by GfK for the retail sector in Europe show an overall better situation for retailers. The 2021 European retail study sees retail sales increase significantly by ...
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ArticleANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
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ArticleGrowth in German e-commerce continues to normalize
E-commerce in Germany cannot evade the effects of war, rising prices and insecure consumers and is returning to familiar growth paths after double-digit revenue increases in previous years, says the German e-commerce and mail order retail association (bevh) regarding the first half of Q2. Consumer goods e-commerce sales as a ...
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ArticleAnalysis: Sporting Goods Industry Scorecard Q1 2022
Find out about the top industry performers. With our first quarter 2022 Sporting Goods Industry Scorecard, we provide an overview by sales and profit.
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ArticleNew Frasers Group CEO reorganizes leadership team
Michael Murray, the new CEO of Frasers Group, posted on LinkedIn on May 31 that five weeks into his tenure, part of his commitment is to “get the right people on board, to lead Frasers Group into the future and build on our solid foundations.” According to the posting (there ...
