Retail insights from the sporting goods industry – Page 2
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News briefsFormer Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof
According to German business publication Handelsblatt, US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in the North ...
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News briefsSpanish trade union sues Decathlon
Spanish trade union Comisiones Obreras (CCOO) has filed a lawsuit against Decathlon, claiming that the sports retailer and manufacturer is “violating the fundamental right to freedom of association.” The complaint was filed on April 3. Decathlon is also accused of denying the union’s delegates access to information about the working ...
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News briefsIntersport Germany to increase number of physical stores by a quarter
Intersport Deutschland is planning to add 100 new own-branded stores across the country over the next six years, the Financial Times has reported. This would bring the number of outlets it operates in the country to 500. The expansion plan will reportedly target medium-sized cities like Wiesbaden, Trier and Hanau, ...
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News briefsFrasers Group expands Sports Direct with flagship stores in London
Frasers Group is expanding its Sports Direct brand with the opening of two new flagship stores in London’s Westfield shopping centers. Scheduled for next year, the stores in Westfield London and Westfield Stratford will each cover around 28,000 to 29,000 square feet, offering cutting-edge retail experiences. Ger Wright, Managing Director ...
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News briefsSport 2000 with new Absolute Run store in the Netherlands
On April 4, 2024, the Absolute Run Runnercoach opened in Hoofddorp (Netherlands) after a redesign of the original running school. The retailer network Sport 2000 and long-standing partner Dennis van Bakel, who has been operating his very successful running school for years, realized the project Owner van Bakel said ...
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News briefsDecathlon Germany sets new sales record in 2023
Despite a challenging environment, Decathlon Deutschland SE & Co. KG – the German subsidiary of the globally active French sporting goods retailer and manufacturer Decathlon SA – closed the 2023 financial year with another sales record. With total gross sales of €1.11 billion, Decathlon Germany, which now has 87 ...
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News briefsVF Corp. plans to open 300 stores in expansion strategy
VF Corp. is restructuring its distribution strategy to tap into underexploited markets, particularly in Southeast Asia, the Middle East, and North Africa. Expanding its existing partnership with retail conglomerate GMG, VF Corp. plans to open 300 stores across these regions for brands like Vans, The North Face and Timberland within ...
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ArticleLamoda Sport and DeSport gear up development strategies
Over the last few years, new sporting goods chains such as Lamoda Sport and DeSport have emerged in Russia, replacing Western suppliers and constantly opening new doors. Lamoda Sport, an offline subsidiary of a prominent Russian marketplace Lamoda, has recently launched a new store in Rostov, a big city in ...
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ArticleCompetition on marketplaces is becoming increasingly difficult: Russian retailers
Some Russian sporting goods suppliers are considering moving away from working with marketplaces, citing fierce competition, rising fees and risk of losing identity. Alpindustria, a prominent brand of outdoor goods, faces a dilemma regarding whether to sell its goods through marketplaces, Vitaly Kalaida, Deputy Head of the Alpindustria commercial department, ...
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News briefsJD Sports announces expansion into South Africa
JD Sports Fashion has partnered with Foschini Retail Group, a subsidiary of The Foschini Group Limited (TFG), to launch the JD brand in South Africa. Over 40 JD stores are set to open across the country in the next five years, with the first expected by the end of 2024. ...
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News briefsSizekick and Stronger join forces for AI-driven size recommendations
Stronger wants to utilize Sizekick’s AI-driven size recommendations to offer tailored sizes to their customers, while also helping the environment.
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News briefsJordan Brand’s World Of Flight opens in Beijing, unveiling exclusive collection
Source: Jordan Brand Jordan Brand’s World Of Flight retail concept has landed in China, marking its inaugural debut in Beijing’s Sanlitun district. This new location will serve as the exclusive launch site for the ”Jordan Wings” collection, initially introduced in March and available solely in the Greater ...
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News briefsLululemon opens up store in Stockholm
Canadian yoga and fitness brand Lululemon is set to open its doors at a new store on Biblioteksgatan 9 in Stockholm – in a property that has been rebuilt after a fire in 2017. “We are thrilled to welcome Lululemon to our rebuilt property in Bibliotekstan. The brand will bring ...
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News briefsOn Holding set to make Hong Kong debut amidst Asia-Pacific surge
Swiss sportswear brand On Holding is gearing up to establish its inaugural store in Hong Kong, marking its debut in the vibrant shopping scene of Greater China. The company, backed by tennis legend Roger Federer, has secured a prime spot spanning 3,000 square feet at H Queen’s, a prominent structure ...
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News briefsJD set to open larger store at Broughton Shopping Park
JD is set to enhance its presence in Chester with the unveiling of a bigger and upgraded store at the Broughton Shopping Park this weekend. The new location promises an expanded selection of products from brands like Nike, Adidas, The North Face, and Under Armour. James Air, Director and Head ...
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News briefsBaked teams up with Go Sport for international brand campaign
Baked and Go Sport have joined forces to unveil a brand campaign spanning Go Sport’s primary global markets. The collaboration aims to harness their collective strengths in fostering a “go further” mindset among consumers. The campaign champions the pivotal role of sports in the daily routines of modern athletes and ...
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News briefsRevo opens flagship store in Manhattan’s SoHo district
Source: Revo New Revo sunglass store in the heart of Manhattan’s SoHo district Revo, the performance sunglass brand, announced the grand opening of its inaugural brick-and-mortar retail store in Manhattan’s SoHo district. Situated at 436 West Broadway, a bustling shopping hub, the store promises a unique and ...
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ArticleOn opens first store in Germany
As part of its global retail expansion, the Swiss brand On opened its first German community store in Berlin on March 15, where customers will have access to a full range of On products. To date, the brand operates 32 stores worldwide and plans to open 15 to 20 new ...
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ArticleItaly’s Cisalfa to take over SportScheck
Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024. The German retail chain SportScheck will ...
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Infographics & Data2023 consumer trends: Demand for sustainability among Gen Z and Millennial fashion shoppers
See how 2023’s fashion choices are being reshaped by Gen Z and Millennials’ unique sustainability values.
