Retail insights from the sporting goods industry – Page 30
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News briefsPeloton expands to Austria via Amazon and Sport-Tiedje
US fitness company Peloton has announced its expansion into Austria, its fifth international market outside the US in addition to Canada, the UK, Australia and Germany. Peloton Bike, Bike+ and select accessories are now available in Austria through Amazon. Sport-Tiedje, the leading specialty retailer of home fitness equipment in Europe, ...
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News briefsLargest SSU shareholder terminates unconditional equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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ArticleGerman retail chain SportScheck to be acquired by Frasers
Frasers Group announced that it has reached a binding agreement with Signa Retail Department Store Holding GmbH to acquire German sports retailer SportScheck. Signa had once acquired SportScheck from the Otto Group. The most recent news surrounding Signa already suggested that some of its brands might be divested from the ...
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News briefsSpanish retailer Oteros Sport exits bankruptcy and draws expansion plan
Spanish athletic footwear retail chain Oteros Sport, which entered bankruptcy in September 2022 due to the impact of the Covid-19 pandemic, has announced that it has been authorized by a commercial court in Cordoba to continue its operations. The company is therefore maintaining its 66 locations and 249 jobs and ...
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News briefsFootway’s sales fall, losses widen in Q3
Swedish Footway Group AB, the operator of specialized online stores, which has been undergoing restructuring since July 25 this year, has presented its latest figures for the third quarter of the current fiscal year. Sales amounted to 136 million Swedish kroner (€11.77m) compared to SEK 261.6 million (€22.63m) in the ...
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News briefsDPS announces trade-in program for used skis
U.S.-based ski manufacturer DPS Skis has launched Revive, a new program that offers customers the opportunity to trade in qualifying used DPS skis for a credit toward new DPS skis and equipment. The credit is up to $500, depending on the condition of the traded-in ski. Upon receipt, DPS will ...
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News briefsPádel brand invites you to rent before you buy
StarVie has introduced eight-day pre-purchase rentals for pádel racquets. The fee per rental is €22.90 and includes the costs of shipping to and from the customer and of insurance to cover any damage to the racquet. The racquet is delivered to and collected from whatever address the customer provides. If ...
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News briefsSpanish e-tailer hits three more European markets
Deporvillage has inaugurated three more e-commerce sites – for Denmark, the Netherlands and Poland. According to sales director Alex Reina, who has spoken with CMDsport, the Spanish specialist in cycling, running and outdoor sports believes that the Netherlands could become a key market in three to five years, as early ...
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News briefsFrasers Group acquires greater stake in XXL
XXL’s share price rose significantly on the Oslo Stock Exchange after Britain’s Frasers Group acquired 117 million shares in the troubled Norwegian sporting goods chain on Tuesday, now owning 162 million shares, which – according to E24 – equals 9.75 percent of the total shares and 12.16 percent of the ...
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News briefsFútbol Emotion branches out
A specialty retailer until now, Fútbol Emotion is branching out into a new sport – indeed, new sports. As we’ve learned through Diffusion Sport, CEO and co-owner Carlos Sánchez has detailed the plan to infoRetail. “We’d like to take our know-how in football and export it to other sports, and ...
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ArticleGerman e-commerce lacks positive impetus
Weak consumer sentiment continues to leave its mark on German online retail. Compared with the same quarter in 2022, according to the German e-commerce and mail order retail association (bevh), online sales of goods (including VAT, not price-adjusted) fell by 13.9 percent across the sector from the beginning of July ...
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ArticleIntersport Voswinkel invests in growth, opens 50th store
German retailer Intersport Voswinkel is celebrating its 50th location with the opening of its new 1,100-sqm sports store in Hanau, underlining its growth course, with more Voswinkel stores to follow. Source: Intersport Intersport Voswinkel Hanau Source: Intersport Marcus Neul “We want to continue to ...
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News briefsNike’s virtual shoe goes real-life
Nike’s digital member platform .SWOOSH is launching its first-ever real sneaker, designed exclusively for its members: The Air Force 1 Low TINAJ (“this is not a jpg”). According to the .SWOOSH blog, customers must have uncovered one or more OF1 boxes by Oct. 16 to enjoy exclusive access to the ...
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News briefsSaaS provider Scnd receives €4 million in funding
Scnd, a Paris-based provider of a SaaS solution for e-commerce services, announced a €4 million funding round backed by investors including 42Cap and Partech. Led by Anthoni Noyon, CEO, Thomas Weyand, Chief Revenue Officer, and Sam Schneider, Chief Technical Officer, Scnd has developed a white label solution that allows companies ...
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News briefsJD’s new CFO in office
As announced earlier this year, Neil Greenhalgh, Group CFO since 2018, has left JD Group. Dominic Platt took over the position on Oct. 4, 2023. Platt was most recently CFO of BGL Group, one of the UK’s leading digital distributors of financial services and owner of Compare the Market. He ...
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News briefsRidestore breaks billion SEK mark
According to a report on ehandel.se, Gothenburg-based e-tailer Ridestore will close the 2022/2023 fiscal year, which runs until the end of March, stronger than ever, already reporting net sales of 1.16 billion Swedish kroner (€99.91m). Operating profit is SEK 353.2 million (€30.42m). The company says the strong Euro had a ...
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News briefsFrasers Group submits plans for new HQ
According to Retail Gazette, U.K. retailer Frasers Group has submitted a planning application to establish a new global headquarters at Ansty in Rugby, Warwickshire. The move is intended to support its growth ambitions, the retail group said. The campus is expected to include a logistics area, offices, R&D retail, a ...
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News briefsSuperdry transfers IP for South Asia to joint venture with Indian retailer
India’s largest retailer, Reliance Brands Limited (RBL), through its wholly-owned subsidiary in the UK (RBUK), signed a definitive agreement to form a joint venture with British fashion brand Superdry PLC to acquire its intellectual property for the territories of India, Sri Lanka and Bangladesh, the company said in a statement. ...
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ArticleSigna Sports to delist from NYSE, new CEO in Q1/2024
After assuming in June that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is talking ...
