Retail insights from the sporting goods industry – Page 24
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News briefsNike unveils enormous mono-brand store in Singapore
Nike is set to launch its largest mono-brand store in Asia outside of China, in collaboration with Middle East-based retailer GMG, on Singapore’s Orchard Road. The upcoming Nike Orchard store will cover an expansive 2,600 square meters over three floors, offer online-to-offline services and feature exclusive Jordan Brand merchandise. According ...
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News briefsDecathlon announces new leader for global marketing strategy
Decathlon has promoted Erwan Soquet to Global Marketing Strategy Lead. He joined Decathlon in January 2020 as head of the company’s communications for France. Before Decathlon, Soquet worked for nine years at home improvement retailer Leroy Merlin, where he held leadership roles including Director of Communication Strategy, Director of Communications ...
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ArticleStockX reveals the most traded and fastest growing brands
StockX’s annual report entitled “Big Facts: Current Culture Index” was released on Jan. 17 and shows the most traded and fastest growing brands on the platform over the past year, including Asics, Ugg and Arc’teryx. The resale platform reached major milestones in 2023, surpassing 50 million lifetime trades, 15 million ...
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News briefsSnipes USA CMO retires, successor already found
Source: Snipes Dimitrios “Jimmy” Lessen Global sneaker and streetwear retailer Snipes announced the retirement of Brian Forde, Group Chief Merchandising Officer in the US, effective June 30, 2024. After 40 years in the sneaker industry, Forde is stepping down to begin his well-deserved retirement. Forde began his ...
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News briefsJD Sports completes acquisition of MIG
JD Sports Fashion Plc has announced on Jan. 18 the completion of its acquisition of the 40 percent minority stake in Kraków-based Marketing Investment Group S.A. (MIG), making JD the 100 percent sole owner. The acquisition has been completed following receipt of the European Commission’s decision declaring the transaction compatible ...
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News briefsSwedish concept store Ka-Yo launches its own collection
Ka-Yo, a Swedish concept store renowned for its exclusive curation of sportswear and equipment, is taking a significant step forward by creating its inaugural collection named Ka-Yo-Prototype_001. Debuting its first collection during Paris Fashion Week, the Stockholm-based store aims to craft sporty and high-performance apparel and accessories inspired by the ...
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News briefs
Sports Direct opens new store in Belfast
Frasers Group has opened a new Sports Direct store at Boucher Retail Park in Belfast, Northern Ireland, a property acquired by the group in 2022. The new store spans 3,252 sqm and promises a larger and improved retail space compared to its predecessor at the same location. Spanning two floors, ...
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News briefsFrasers may acquire former Dutch JD-owned stores
The Netherlands-based Sports Unlimited Retail, owned by JD Sports and the parent group of Perry Sport, Aktiesport and Sprinter Netherlands, was declared bankrupt in December. At the time, around 50 stores were owned by the company. According to a new report by the Dutch media company RTL Z, up ...
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News briefsLamoda kicks off offline retail chain
Lamoda, a prominent Russian e-commerce retailer, has started opening its first brick-and-mortar stores as part of a project to build an offline retail chain in the country. The first two stores have been put into operation in Moscow and Mitishi, a town in the Moscow Oblast. The third store is ...
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ArticleIntersport Austria motivates children and teenagers to do more sport
To mark its 60th anniversary, Intersport Austria wants to motivate children and teenagers to participate in sports with specific activities because the foundation for a sporty and healthy future is laid at toddler and primary school age. Source: Intersport Austria Thorsten Schmitz, Managing Director Unfortunately, however, the ...
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ArticleDecathlon Austria with successful 2023
The international sporting goods manufacturer and retailer Decathlon, headquartered in France, can look back on a successful 2023 in Austria. In addition to encouraging increases in employees and sales, there was also growth in the form of another store. Source: Decathlon Decathlon Austria Managing Director Gábor Pósfai ...
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ArticleFounder of Snipes steps down as CEO
Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s General Manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...
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Infographics & DataTop 50 sporting retailers in the world 2022
Download our annual overview of the world’s 50 largest sports retailers, including revenue and growth ranking compared with last year.
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News briefsSport 2000 Austria joins forces with ANWR Group
At an extraordinary general meeting on Jan. 11, 2024, the Zentrasport Österreich e. Gen. cooperative, which is part of the international retail network Sport 2000, decided to become part of ANWR Group eG and the Sport 2000 country network led by Sport 2000 Germany. In July 2023, the Austrian cooperative ...
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News briefsPuma collaborates with US cloud platform to enhance global e-com operations
Massachusetts-based Yottaa, Inc., a cloud platform for accelerating and securing digital commerce experiences, announced that it has partnered with Puma to enhance the German sporting goods company’s e-commerce operations globally. According to a Yottaa press release, Puma faced challenges managing its numerous e-commerce sites, with the primary hurdle being the ...
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News briefsBoss signs two new tennis ambassadors
Boss is making further strides in the world of tennis, announcing two new ambassadors, Noma Noha Akugue and Ella Seidel. According to the German fashion brand, Akugue and Seidel have already established themselves as players worth watching more closely. Just in time for the Australian Open, the two German tennis ...
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News briefsZumiez updates quarter-to-date sales
Zumiez, the parent of the Blue Tomato retail chain, reported a 4.2 percent increase in international net sales, consisting of revenues generated in Europe and Australia, for the nine weeks ended Dec. 30. However, comparable international sales were down 4.2 percent for the period. Group sales fell by 6.6 percent ...
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News briefsIntersport Spain still down from 2019
Neither separately nor in aggregate have the companies that make up Intersport Spain yet matched the annual sales of 2019 – which themselves were, for the most part, in decline from 2018. The latest available figure for its full-year 2022 is about 28 percent down from the pre-lockdown year. Intersport ...
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ArticleA challenger rises in Spanish pádel e-tail
In its three years of operation, Padel Pro Shop has reached €10 million in annual sales, and its latest annual results for 2023 represent a year-on-year increase of 95 percent. For the new year, the online retailer’s objective is to achieve another increase in annual sales, this time of 60 ...
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News briefsGerman consumer sentiment deteriorates
After the consumer mood in Germany recovered at the end of 2023, consumers are once again more pessimistic about the future in the new year. This was revealed by the consumer barometer for January published by the German Retail Association (HDE), which is compiled monthly by the Handelsblatt Research Institute ...
