Retail insights from the sporting goods industry – Page 18
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C-Suite InterviewMade for GenZ: Adidas talks exclusively about its new Adidas Sportswear line
What is Adidas Sportswear and how does it differ from the other Adidas lines? Aimee Arana, SVP General Manager of Adidas Sportswear explains all.
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Infographics & Data% of DTC sales at 5 of the biggest sporting goods companies
We bring you an updated infographic showing DTC sales as a percentage of total net sales at five of the biggest Sporting Goods companies, 2019-2022.
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News briefsBrooks enters resale market with ReStart program
Brooks Running has launched a new program reselling refurbished used Brooks footwear in the U.S.. The ReStart program will sell “lightly used” running shoes at three quality levels: “Like New,” “Great,” or “Good” condition. The move is part of Brooks’ sustainable consumption strategy in support of the United Nations Sustainable ...
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ArticleJD Sports to acquire all remaining shares of Iberian Sports Retail Group
JD Sports Fashion has announced its intention to acquire the remaining 49.98 percent stake in Iberian Sports Retail Group (ISRG), currently held by Balaiko Firaja Invest and Sonae Holdings, for a total cash consideration of €500.1 million, to be funded from the group’s existing cash resources. Upon completion of the ...
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News briefsJapanese gain better access to sports merch on Rakuten
License Global reports that Fanatics has opened its first online marketplace in Japan, on Rakuten Ichiba, operated by global Internet services provider Rakuten Group, to provide fans across Japan with access to licensed sports merchandise. Japanese sports fans can access Fanatics’ range of licensed sports merchandise here. The store currently ...
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News briefsAmazon to bring first Rivian electric delivery vehicles to Europe
Amazon has announced the launch of new customized electric delivery vehicles in Europe from Rivian, a publicly traded U.S. electric car manufacturer based in Plymouth, Michigan. More than 300 of these vehicles will enter service in Germany – in the Munich, Berlin and Düsseldorf areas – in the coming weeks. ...
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News briefsKlutch Athletics by New Balance launches in 100 stores in the U.S.
Source: New Balance Chase Young signs on as first ambassador for Klutch Athletics by New Balance Klutch Athletics, the brand of American star agent Rich Paul, has launched in 100 U.S. retail locations at Dick’s Sporting Goods, Foot Locker, JD Sports, DTLR and Snipes, Front Office Sports ...
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ArticleJD Sports to expand into Middle East
JD Sports Fashion will open around 50 stores in the Middle East after agreeing to its first-ever franchise deal with Dubai-based global retailing, distributing and manufacturing company GMG, according to Reuters. The doors, to be situated in the United Arab Emirates, Saudi Arabia, Kuwait, and Egypt, will be a large ...
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ArticleZalando fights EU’s classification as a VLOP
Because there are expensive obligations associated with its classification, Zalando has filed a complaint with the Court of Justice of the European Union (ECJ) against its classification as a “very large online platform” (VLOP) by the European Commission under Article 33 of the Digital Services Act (DSA) because it has ...
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News briefsATP Tour introduces official tennis merchandise collection
The Association of Tennis Professionals (ATP) has announced the launch of an official merchandise collection created in collaboration with Tennis-Point. The collection comprises apparel, equipment and other gear, marking the first time the ATP has launched such a comprehensive collection. The unisex apparel line includes polos, tees, hoodies, shorts and ...
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News briefsZalando is Lululemon's choice of marketplace in Europe
Canadian direct-to-consumer brand Lululemon has chosen Zalando as its preferred online partner for Europe, launching its products on the online fashion and lifestyle platform on June 29. As of now, Zalando customers can buy the brand’s apparel and accessories in several markets. Founded in Berlin in 2008, Zalando today offers ...
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ArticleSportsShoes.com reports 20% sales growth in Q1, 140,000 new customers
SportsShoes.com has announced sales figures for its Q1 of the fiscal year that began March 1, 2023. According to the report, the British e-tailer, which was founded in 1982, saw its sales surge by 20 percent year-on-year to £83.8 million (€97.3m). At the same time, it added 140,000 new customers ...
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ArticleA pádel headhunter and consultant surveys the court
Fernando Blanca has given CMDsport a tour of the world of pádel from his perspective as director general of the specialized headhunting agency Padel Recruits and director of marketing and international business development at the consultancy World of Padel. The state of the sport overall is “good,” with steady growth ...
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ArticleSSU lands €150 million in funding, says worst of market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
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ArticleJD Sports sees softer North America but holds guidance
JD Sports Fashion reported some softening in trade in its North American business in June, but this would be offset by growth in demand in the UK, Europe and Asia Pacific – allowing it to maintain annual guidance. Despite the US and Canadian markets’ slowdown, the UK retailer still expects ...
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News briefsAsics reportedly stops supplying independent UK sports shops
The Guardian reported on June 26 that Asics has announced to some of its customers that it will join Nike and Adidas in leaving smaller retailers in the UK in favor of large chains such as Sports Direct and JD Sports, as well as selling directly online. The newspaper is ...
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News briefsGo Sport calms worried customers
The long back and forth about the whereabouts of the French chain Go Sport after its bankruptcy has probably also unsettled its customers. Go Sport has now appeased them with a public message on its website. A text to its customers from the retailer, which was taken over by Intersport, ...
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News briefsAmazon to invest $26 billion in India business
Amazon said it wants to significantly increase its investment in India by 2030. After CEO Andy Jassy met Prime Minister Narendra Modi in the U.S. last week, Jassy said he wants to put $26 billion into the country, adding $6.5 billion to planned new investments. An exact breakdown of the ...
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News briefsInter-country sell-in cooperation at Intersport
Retail members of the Intersport Spain network have begun placing their orders for items under the Intersport own-brands McKinley and Energetics through Intersport France, according to a report in CMDsport. The test conducted for the autumn/winter 2023/24 sell-in having proved fruitful, Intersport’s buying groups in Spain and France have reached ...
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News briefsCaptain Fin to launch in Europe
Following last year’s acquisition of San Diego-based surf lifestyle and hardgoods brand Captain Fin Co. by Liberated Brands – the global master licensee for Volcom and Spyder – Captain Fin is to officially launch in Europe. The launch coincides with the revitalization of its apparel collection, now infused with sustainable ...
