Retail insights from the sporting goods industry – Page 4

  • El Corte Inglés logo
    News briefs

    El Corte Inglés is the latest signatory to Spain’s SCRAP


    El Corte Inglés has become a member of Spain’s Association for the Management of Textile and Footwear Residues. In its brief history – it was founded a year ago, last January – the association has obtained the membership also of Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam. It was ...

  • Signa_Holding_201x_logo.svgz
    News briefs

    Signa’s KaDeWe Group files for insolvency


    Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...

  • SportScheck

    Several potential buyers for SportScheck


    The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...

  • Sport-Conrad_MarieRies
    News briefs

    New CSR Manager at Sport Conrad


    Source: Sport Conrad Maria Ries The German multichannel sports retailer Sport Conrad has appointed Maria Ries to the position of CSR Manager on Jan. 1, 2024. She takes over from Stefanie Buchacher, who has played a key role in shaping the company’s sustainability strategy over the past ...

  • Swedemount Group Logo
    News briefs

    Swedemount successfully confirms reconstruction plan approval


    Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...

  • Police-london
    News briefs

    Surge in shoplifting hits England


    Shoplifting offenses are on the rise across England and Wales, reaching a 20-year high, as reported by the Office for National Statistics (ONS). Police recorded over 400,000 incidents in 2023 up to September, marking a 32-percent increase from the previous year. Retailers in England and Wales are grappling with a ...

  • Intersport_LOGO

    Intersport Germany continues to grow in 22/23


    Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...

  • Sport-2000-logo

    Sport 2000 GmbH with stable development in 2023


    The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...

  • sports-direct
    News briefs

    Sports Direct buys former M&S Liverpool building


    Frasers Group, the owner of Sports Direct, has acquired the former Marks & Spencer store in Liverpool as part of its strategy to own the properties it occupies. The acquisition involves obtaining the long leasehold of Compton House on Church Street. The process of transforming the M&S store into a ...

  • JD-com
    News briefs

    JD Worldwide opens fashion warehouse in Paris


    JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris, France. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise and exclusively ...

  • Sports-store-unsplash
    News briefs

    Swedish sports retail sees eighth straight quarterly decline


    Despite a snowy kick-off to the winter season, the sports retail sector in Sweden did not manage to post positive figures during the fourth quarter of 2024. While the snow provided a significant boost, sales declined by 0.4 percent. This marks the eighth consecutive quarter of negative trends in the ...

  • stadium_logo kopiera
    News briefs

    Hacker attack hits Swedish sports chain Stadium


    Over the weekend, the Russian-tied hacker group Akira carried out a cyber attack against the Finnish IT provider Tietoevry. This forced the provider to shut down Primula, Sweden’s largest HR system. In addition to managing 120 Swedish government agencies, the attack also affected the Swedish sports retail chain Stadium. Stadium’s ...

  • XXL-logo
    News briefs

    XXL switches to Walley as payment provider


    XXL is changing its payment provider in the Nordic market. The company has been using Klarna for a while, but now it´s switching to Walley, which aims to assist the sports retail chain in developing multiple payment solutions. Walley will support both digital and in-store transactions, catering to individual consumers ...

  • New_Balance_logo
    News briefs

    New Balance opens four concept stores in Cambodia


    New Balance is making a significant splash in Cambodia as it enters the market with the opening of four concept stores in Phnom Penh. According to Inside Retail, the footwear brand has strategically chosen locations, with four stores situated at Chip Mong 271 Mega Mall and spanning three Aeon malls ...

  • ANWR

    ANWR Group accelerates positioning of affiliated retail networks


    Volatile conditions with wars and conflicts around the world, economic uncertainties and high inflation rates weighed on consumers’ buying mood last year. This posed a particular challenge for medium-sized specialist retailers. The focus of the Germany-based ANWR Group in 2023 was on raising the profile and increasing the profitability of ...

  • Nike-mobile
    News briefs

    Nike 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 ...

  • Decathlon
    News briefs

    Decathlon 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 ...

  • Big Facts top

    StockX 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 ...

  • Dimitrios Jimmy Lessen, Snipes USA new CMO
    News briefs

    Snipes 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 ...

  • JD MIG
    News briefs

    JD 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 ...