Retail insights from the sporting goods industry – Page 106
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News briefs
Joe Nimble opens shop in Copenhagen
One of our reporters was at the opening last month of the first Joe Nimble running store in Copenhagen. Since the shop is free-standing, not in a mall, it was open at the time. The German brand of functional footwear has launched a new running shoe, called Toes Addict, the ...
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Article
Zalando issues a profit warning, offers to help stores
Zalando has warned that its first-quarter results will not meet market expectations because of the impact of Covid-19. Meanwhile, the company is offering to waive commissions for participation in its Connected Retail program to German and Dutch retailers until May 31. The company will also postpone its annual general meeting, ...
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Article
German suppliers fear that government aid is insufficient
On April 6, the German government announced a package of additional financial aid for small and medium-sized companies with 11 to 250 employees. The government will assume 100 percent of the credit risk on loans of up to €800,000 without an assessment of the risks, depending on the size of ...
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Article
Interesting anti-virus action online
Provided that they have sufficient staff at their warehouses, brands are still able to sell products online that cannot be sold by retailers whose stores are closed because of national coronavirus lockdowns. In a nice gesture of solidarity, brands like Ortovox and Leki in Germany are giving a portion of ...
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News briefs
Brooks offers support for retailers during crisis
Brooks Sports is offering to its retailer partners the option to send ordered products directly to their customers during the current coronavirus crisis, which has led to the closing of many stores worldwide. Retailers receive 100 percent of the price paid by the customers, and Brooks takes care of the ...
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Article
Puma will hold a virtual AGM, Adidas will pay rent
Puma announced on April 3 that it was suspending the payment of its dividend for this year. Unlike Adidas, which has decided to postpone its own AGM to a still undefined date, the Wild Cat has decided to stick to the previously scheduled date of May 7, but it will ...
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Article
Sportmaster recognized as an essential company for the Russian economy
On March 23, a Russian government commission on economic policy officially added Sportmaster to the list of the companies essential to the national economy. Sportmaster became the first sporting goods retailer in the country ever granted this status, which could help it to better navigate through the current coronavirus epidemic.
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News briefs
Courir CSR contest
Courir, the French sneaker retailer previously owned by the Go Sport Group, has launched a new edition of its creative contest on the theme of eco-responsibility. Participants can submit projects that revolve around two specific topics: 1) sustainability; and 2) the aesthetical dimension of their original creation. The projects can ...
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News briefs
Snowleader is Capital magazine’s best outdoor buying experience
Snowleader appears for the third year in a row in Capital magazine’s third annual ranking of France’s 600 best buying experiences online. Scoring 8/10, the French e-tailer came in first in the outdoor category, ahead of Hardloop and Campz. To establish the list, Capital called on the market researching firm ...
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News briefs
Umbro opens e-commerce shop in Italy
In keeping with its overall digitalization, Umbro has just expanded its e-commerce operations to Italy. According to its social media manager, Marina Amoruso, Italy is a key market for Umbro. To launch this e-tail shop, the British sportswear brand established a partnership with an enterprise cloud commerce platform called Kooomo, ...
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Article
Zalando expects less revenues and profit due to corona pandemic
As we had previously indicated, the shutdown of many brick-and-mortar stores because of the coronavirus epidemic doesn’t necessarily imply a boost in the sales of pure online retailers. As Zalando announced on March 30, it is now projecting significantly less revenues, a smaller gross merchandise volume (GMV) and a lower ...
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News briefs
Alltricks goes offline
Alltricks, the French-based e-tailer controlled by the Decathlon group since last September, is planning to open its fourth brick-and-mortar store. According to reports in sport-guide.com, the new Alltricks store will be located in Lyon-Bron, near a Decathlon store. With a surface of 280 square meters, it will be smaller than ...
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News briefs
Asos teams up with Nike for the Re:Set Lab
As reported by Fashion Network, Asos and Nike recently invited customers to take part in immersive or high-intensity classes in exercise, yoga, meditation, and arts and crafts such as candle-making, make-up application, terrarium set-up and illustration. The event, called Re:Set Lab, was held from Feb. 28 to March 1 at ...
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ArticleDaka Sport acquires Sportsworld
Daka Sport says it will become the largest independent, family-owned sporting goods retailer in the Dutch market in terms of sales and sales surface area following an agreement to take over the three remaining mega-stores of Sportsworld in the country and their 100-plus employees.
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Article
With higher sales and visits, Zalando pushes its marketplace
Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million.
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Article
Maus Frères creates a new group around Lacoste
Maus Frères Holding, the Swiss retail and wholesale conglomerate, has created a new entity, the MF Brands Group, or MF Group, to put together Lacoste, Tecnifibre, Aigle and its other sports and fashion brands under common management for greater “coherence, integration and internationalization.” The company, which was previously called Maus ...
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ArticleAdidas posts strong results, but warns about coronavirus impact
The year 2019 was a pretty good one for the Adidas Group. On March 11, the company reported revenue gains in all the regions, with Europe returning to growth, and strong increases in direct-to-consumer sales, while profit margins improved. However, the share price tumbled by about 10 percent as the ...
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News briefs
Adidas changes its practices in Spain
Adidas has avoided a fine from the Spain’s National Commission for Markets and Competition (CNMC) in exchange for voluntary changes to its franchising policy. The commission opened an inquiry after a franchisee in Spain accused the company of anti-competitive practices in November 2018. In essence, Adidas had different contracts in ...
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ArticleNautilus re-launches its digital platform
Significant reductions in expenses in the fourth quarter helped Nautilus to reach a net income of $3.5 million, up from $1.4 million for the same period a year ago, in spite of sharply reduced revenues and a lower gross margin.
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ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
