Retail insights from the sporting goods industry – Page 15
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News briefsEl Corte Inglés appoints new CEO
The Spanish department store chain has appointed Gastón Bottazzini as CEO while confirming Manuel Pizarro as director as the company finalizes a five-year plan.
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News briefsFirst Sport 2000 multi-category concept store opens in Germany
Sport 2000 Nordhorn is the group’s first multi-category retail concept store and covers a wide range of product segments, including running, fitness, sports style and team sports.
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News briefsTemu beginning to compete on Amazon’s territory
Temu has opened its local warehouse program to vendors with corporate entities registered in Europe and to holders of European passports.
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ArticleGaleria’s insolvency proceedings completed, restart under own management
The insolvency proceedings of the German department store chain, formerly Galeria Karstadt Kaufhof, have been successfully concluded after almost seven months with the implementation of an insolvency plan.
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ArticleWhile bike sales recover, Swedish retail declines for tenth consecutive quarter
While Swedish sports retail in general has declined for the tenth consecutive quarter in Q2 of 2024, bicycle sales appear to be recovering, growing by an impressive 10% compared to the previous quarter.
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ArticleSki equipment market to post 4.33% CAGR by 2028, says new report
Research and advisory firm Technavio estimates the global ski equipment market size to grow by $430.2 million from 2024-2028.
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News briefsSprinter continued to grow in FY23
According to Diffusion Sport, Sprinter generated €585.8 million in sales for its full year 2023, which extended from February 2023 to January 2024. This figure represents a rise of 13 percent year-on-year and 100 percent from the pre-lockdown year of 2019. Net profits amounted to €37.9 million, up about 11 ...
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News briefsPIF seeks 50 percent of Selfridges
Saudi Arabia’s Public Investment Fund has reportedly offered to raise its stake in the department store chain.
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News briefsHibbett now under JD Sports Fashion’s umbrella
JD Sports Fashion completed the acquisition of Alabama-based sports fashion retailer Hibbett, Inc. on July 25, after Hibbett shareholders approved the deal at a special meeting on July 19 and all other outstanding conditions were met. “The completion of our acquisition of Hibbett is an important strategic milestone for us ...
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News briefsFoot Locker to open its first India store in Delhi
American athletic retailer Foot Locker will open its first brick-and-mortar store in India at the Nexus Select CityWalk Mall in Saket, New Delhi.
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News briefsShareholders approve sale of Hibbett to JD Sports
JD Sports has cleared the final hurdle in its $1.1bn takeover of US sports retailer Hibbett Sports.
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News briefsOnitsuka Tiger celebrates on Champs-Elysées
Days before the 2024 Summer Games begin, Onitsuka Tiger will start celebrating its 75th anniversary at the Hôtel Onitsuka Tiger in Paris.
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ArticleFrasers calls FY24 ‘a breakout year’ for future growth
Frasers Group, citing its strengthened brand partnerships and the ongoing execution of its “Elevation Strategy,” is eying £575–£625 million in annual adjusted profit before tax for the current fiscal year ending in April 2025.
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ArticleCraft cooperates with Galeria
Craft Germany, part of the Swedish New Wave Group, is further expanding its presence in German retail through a cooperation with Galeria: With a recently opened 80sqm space at Galeria Rosenheim, the brand presents its entire product portfolio from the categories running (footwear and apparel), bike, training and cross-country skiing. ...
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News briefsPacSun enters US men’s activewear market
American apparel retail brand PacSun has launched a 28-piece activewear line for men in the US, called A.R.C. (Active.Recreation.Comfort.).
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News briefsGymshark open up new London flagship store
British multinational sports apparel retailer Gymshark has opened its second flagship store in Stratford.
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News briefsPangaia opens first standalone UK retail store
Purpose-driven lifestyle apparel brand Pangaia has opened its first standalone store in the UK on Carnaby Street in the vibrant Soho district.
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News briefsPOC launches digital DTC flagship store
POC has launched a flagship DTC online store this June serving 35 countries in four languages and supporting 13 currencies.
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ArticleOn Running opens its 35th store globally – on Champs-Élysées
On is the latest of many brands to open a flagship store in Paris. The 35th store’s address is one of the most iconic in Paris: 65-67 Avenue des Champs-Élysées.
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News briefsDecathlon seeks to unify and improve its stores
Decathlon is beginning a universal store renovation program in Spain, specifically at the 8,000-sqm store in San Sebastián de los Reyes, on the northern outskirts of Madrid. Nine other stores will be following suit elsewhere in Europe and, in time, another 23 in Spain. Decathlon seeks to establish a circular ...
