Retail insights from the sporting goods industry – Page 19
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News briefsJD Sports appoints Prama Bhatt to board role
The British sportswear retailer JD Sports appoints Bhatt as a non-executive director, leveraging her expertise in digital retail to strengthen its US business strategy.
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News briefsSport 2000 opens Absolute Teamsport in Dresden
The unofficial opening of the new Absolute Teamsport store at the Heinz Steyr Stadium in Dresden took place on Aug. 29, 2024.
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News briefsIntersport returns to Swedish city after competitor’s bankruptcy
Intersport is opening a new store in Halmstad after closing its unprofitable store in December 2023. It is taking over the premises of Team Sportia, which went bankrupt in February.
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Case StudyDecathlon: The ugly duckling becomes a swan?
There is hardly a company in the sports retail sector that is met with such mixed feelings as the French sporting goods manufacturer Decathlon.
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News briefsJD Sports shuts down large distribution hub in Derby
The company had entered a period of consultation with staff at the hub in July.
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News briefsAbsolute Run opens 13th store, fourth outside Germany
Absolute Run is opening its fourth store in Belgium this September.
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News briefsSwedish fashion and sportswear discount chain sets up first German store
Lager 157 sells SEK 2.4 billion per year in fashion and sportswear through 75 stores and e-commerce.
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News briefsSian Keane joins Gymshark as CPO
The new Chief People Officer joins from Farfetch, where she most recently held the same role.
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ArticleFoot Locker customer prioritizes discretionary spending on footwear
Foot Locker stays on course despite economic challenges, focusing on its loyalty program, expanded brand portfolio, and upcoming mobile app launch.
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News briefsKlarna increases payment flexibility with new features
The Swedish payment provider introduces new savings opportunities and rewards for loyal customers.
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News briefsGymshark opens its third store in the world’s largest mall
Gymshark’s latest store will be located on the first floor of the Dubai Mall.
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News briefsBillabong opens new store in Patagonia
It’s situated in the scenic town of San Martin de Los Andes.
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ArticleNorway’s largest sports retail chains recorded a 3.8% decline in sales in Q2
The reasons, according to the Norwegian Sports Industry Association, were a combination of the aftermath of the pandemic, increased costs and psychological factors.
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News briefsBreuninger reportedly for sale
The iconic German department store chain is reportedly up for sale as part of a potential strategic shift in ownership.
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ArticleDesport returns Decathlon goods to Russian store shelves
The Russian company has reintroduced Decathlon products after rebuilding supply chains, maintaining competitive pricing and expanding its own brands.
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News briefsPacSun appoints new CFO to drive growth
The US retail clothing brand named Jimmy Buenrostro as new CFO, aiming to leverage his extensive retail finance experience to enhance strategic growth initiatives.
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ArticleIntersport Sweden CEO on new ownership: ‘We are profitable, taking market share, and have a good plan’
With a new ownership group comprising 110 people after private equity firm Adelis sold Interport Sweden, the company’s CEO is confident that the chain will go into the future with renewed energy.
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ArticleFoot Locker to close or relocate stores due to declining results in Q2
With an operating loss of $9m in Q2, the chain plans to close or relocate stores. This includes the closure of all stores in Sweden, Norway, Denmark and South Korea and the discontinuation of e-commerce.
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News briefsFrasers Group expands into Australia and New Zealand
The expansion follows the acquisition of a significant stake in the Accent Group.
