Retail insights from the sporting goods industry – Page 31
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News briefsReorganization of ANWR's Executive Board completed
Matthias Grevener has left the Executive Board of the German ANWR Group eG on Sept. 30, 2023, after a total of 17 years and as the longest-serving member of the Board. He also resigned all his mandates within the ANWR Group of companies but will continue to be available to ...
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News briefsAuthentic Brands Group furthers strategic partnership with Liberated Brands
Authentic Brands Group has entered into a new long-term agreement with its strategic partner Liberated Brands, to be the retail and e-commerce operator for its brands Quiksilver, Billabong, Roxy, RVCA, Honolua and the recently acquired Boardriders in the US and Canada. Additionally, Liberated will become the license partner and wholesale ...
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ArticleE-commerce sales continue to grow in Europe, but at a slower pace
In 2022, B2C European e-commerce grew to €899 billion, representing a 6 percent growth from 2021, according to the 2023 European E-commerce Report. The growth rate decreased from a 12 percent growth in 2021. The deceleration was attributed to saturation in e-commerce markets after the fading of the Covid-19 pandemic ...
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News briefsMarks & Spencer expands its online roster of sports brands
British retailer Marks & Spencer (M&S) has added an extensive mix of womenswear products from Adidas and Sweaty Betty to The Sports Edit online platform, in line with its strategy of enhancing its Sportswear category. This latest addition brings the total number of third-party sportswear brands available on M&S.com to ...
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News briefsDecathlon opens fifth Austrian store
Source: Decathlon/Romar Ferry Gábor Pósfai, Managing Director Decathlon Austria. Five years after the opening of the first Austrian store in the SCS Park in Vösendorf, the fifth Decathlon location is to follow on Sept. 29. Customers will find equipment and clothing for more than 70 sports on ...
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News briefsJD closer to buying Courir
The acquisition of Courir has advanced to the next stage, with JD Sports Fashion signing an agreement to make the purchase for €520 million, as CMDsport reports. The sum is to comprise €325 million in cash and €195 million in redemptions. The deal remains subject to regulatory approval but is ...
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ArticleIntersport Germany invests in climate neutrality at its HQ
An important milestone in Intersport Germany’s holistic sustainability strategy is the expansion of renewable energies at HQ in Heilbronn. To ensure a self-sufficient energy supply and reduce CO2 emissions, the company is investing a total of up to €10 million in the renovation of approximately 20,000 square meters of roof ...
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News briefseBay's new financing option supports circular fashion solution providers
eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovator’s Fund, offering £100,000 (€150,000) in funding for small businesses specializing in circular fashion solutions. The fund hopes to bring new technology and services to the market that will make people think and shop ...
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News briefsTechnogym inaugurates new Benelux center
Technogym has announced the opening of its new Technogym Benelux center. Located at Capelle aan den Ijssel in the western Netherlands, the 1,500 sqm space has been designed to attract both industry operators and consumers, who will have a chance to discover the brand’s ecosystem made of training equipment, digital ...
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News briefsLacoste to double number of stores in India
French apparel brand Lacoste plans to open around 50 standalone stores in India over the next five years, Business Standard has reported, based on an interview with Lacoste’s CEO for the Asia-Pacific region, Marcus Meyer. The brand currently has 42 stores and seven digital marketplaces in India and plans to ...
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ArticleMajor Russian marketplace unveils ambitious plans for sporting goods retail development
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
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ArticleJD Sports on track for FY profit rise as premium sneaker demand holds up
JD Sports Fashion said it was on track for a 5 percent rise in annual profit as demand for premium leisurewear such as Nike Air Force One and Adidas Samba sneakers pushed half-year sales higher despite the cost of living crisis. The retailer said revenue grew 7 percent to £4.7 ...
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News briefsSportmaster launches Russia’s first sporting goods marketplace
Russia’s largest sporting goods retailer, Sportmaster, has rolled out the country’s first marketplace focused exclusively on the sale of sporting and outdoor goods. The service was launched on Sportmaster’s website in the form of a separate page. The marketplace does not yet have a standalone name, and so far only ...
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ArticleRussian sporting brand Putin Team Russia unveils expansion plans
Putin Team Russia, a major Russian sporting goods company, is negotiating to open its first stores in foreign markets, Dmitry Shiskin, the company’s owner, disclosed. The company plans to start with flagship stores in China, India, the United Arab Emirates and the countries of the CIS region. The brand is ...
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News briefsDecathlon opts for internal solution for Germany CEO succession
Source: Decathlon Arnaud Sauret Following the promotion of long-time German CEO André Weinert to CEO for Central, Eastern and Southeastern Europe (CESEE), the French sporting goods retailer and manufacturer Decathlon has appointed Arnaud Sauret as his successor with immediate effect. Sauret has been responsible for Decathlon’s growth ...
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News briefsFormerly pure e-tailer predicts a record year
Deporvillage appears to have returned to double-digit growth in revenues and has accordingly raised its revenue forecast for the current year from €163 to €170 million, according to Modaes and Palco23. Should the crystal ball prove accurate, the retailer will surpass the record year of 2021 with its late-Covid euphoria. ...
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ArticleAsian sneaker marketplace Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
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News briefsFootasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Center in England, where it previously occupied a space of around 300 sqm. The new 900-sqm space features a refreshed store concept that seeks to create a mobile-first ...
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News briefsZalando launches Stories
Source: Zalando Storys on mobile In close collaboration with Highsnobiety, Zalando has introduced “Stories” on its platform. Curated editorial content is seamlessly linked to the shopping experience in visual formats, such as short videos, and is intended to serve as a new source of inspiration for customers. ...
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News briefsFanatics hires new Commerce CEO
Source: Fanatics Andrew Low Ah Kee, new CEO of Fanatics Commerce Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as Chief Executive Officer of its largest business unit, Fanatics Commerce. Low Ah Kee most recently served as President at Opendoor, an e-commerce ...
