Retail insights from the sporting goods industry – Page 48
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News briefsDespite the turbulence, Russia's Kant says business was good in 2022
Last year, Russian sporting goods retailer Kant saw an improvement in its operational performance, according to Maxim Vinogradov, owner of Kant. “We see an overall decline in sales on the [Russian sporting goods] market, but thanks to the withdrawal of some competitors, those who stayed see their sales and revenue ...
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ArticleNike’s former partner in Russia opens new sporting goods chain
Inventive Retail Group (IRG) has opened the first five stores of its new Hiker outdoor and sporting goods retail chain in Russia. IRG is the country’s largest retail group, specializing in developing stores of leading Western companies in Russia, including Apple, Samsung, Lego and Nike. Hiker’s assortment consists of several ...
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Infographics & DataDigital commerce development in 5 consumer categories 2021/2022
See the changes in digital commerce revenue of the last 12 months in sporting goods, footwear, apparel and more in our graphic.
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News briefsSuper Retail Group gets sued
Fair Work Ombudsman Australia (FWO) last week filed legal proceedings against the retail group over a previously disclosed issue related to overtime pay for its store set-up and renovation teams. The retailer self-reported the matter to the FWO in 2018, subsequently apologizing to the impacted employees and establishing a remediation ...
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News briefsSportmaster launches winter gear rental service
Sportmaster, Russia’s largest sporting goods retailer, has launched a new winter equipment rental service. Available items include snowboards, cross-country skis, skates and field hockey equipment. For example, a Termit Fastlane snowboard with Stream bindings can be rented for 310 rubles (€4.20) per day or 5,850 rubles (€78.70) per month. Nordway ...
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News briefsAdidas might move its Paris store to a more central location
According to Sport Guide, Adidas is considering moving its 2,000-sqm store on Paris’ Champs-Elysées to another location, also on the Champs-Elysées but in a better spot, more visible to pedestrians and tourists. The Avenue des Champs-Élysées in Paris’ 8th arrondissement runs between the Place de la Concorde and Place Charles ...
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News briefsMarketmedia expects flat market development for the coming years
Marketmedia24 has launched its new “Branchen-Report Outdoor 2023,” which puts a spotlight on the market development in Germany from the pandemic years 2020 and 2021 to 2022, the latter a year overshadowed by war and inflation. Overall, Marketmedia24 sees 2022 as a year of slightly negative sales numbers (-1.4 percent) ...
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News briefsGo Sport Group brought under judicial supervision by commercial court
On Jan. 19, the Commercial Court of Grenoble placed the Go Sport group, a retailer that operates 223 stores in France, in receivership after having noted its state of cessation of payment. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings ...
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ArticleStockX broke records in 2022, reveals most traded and fastest growing brands
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 ...
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News briefsAsics wants to grow further in India
Asics saw its net revenues in India increase by 42 percent in 2022, bolstered by the post-pandemic running and fitness boom. It was the company’s highest growth globally. The Japanese sportswear brand is now eyeing a 25 percent growth CAGR in the country over the next few years, Asics’ president, ...
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News briefsSkechers reportedly plans new store openings in France
Skechers is planning to open several stores in France in 2023, according to a report by Sport Guide. The American sneaker brand is planning to open new stores at two shopping malls – 4 Temps (Paris La Défense) and Belle Epine (Thiais - Paris metropolitan area) – probably in mid-2023, ...
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News briefsIntersport Germany publishes 2020/21 sustainability report
In its fourth sustainability report (available for download here in German), Intersport Germany gives an overview of the projects implemented in the years 2020 and 2021 and provides an outlook on its new sustainability strategy to be published end of January 2023. The report and the future plan of the ...
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News briefsDecathlon employees in France demand higher wages
Several dozen employees of the sporting goods chain manifested on Jan. 14 in front of some of the retailer’s stores in France to demand better wages following a strike call by CFDT, one of France’s major confederations of trade unions. The strike date coincided with the first Saturday of the ...
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ArticleJD Sports sees FY at top end of expectations after Christmas sales surge
JD Sports Fashion said it expected annual profits to be at the top end of expectations after revenues grew by more than a fifth over the Christmas period. Current market expectations for the year to Jan. 28 are for a profit before tax and exceptional items of £933-985 million (€1.05bn-1.11bn) ...
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News briefsSprinter plans to open physical stores in France
According to a report by Sport-Guide, Sprinter is exploring options to open physical stores in France. The plan of the Spanish sporting goods retailer, scheduled to start this year, is set to involve primarily Paris/Ile de France and the south of France for stores with a surface of 900 to ...
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News briefsAmazon to close three UK warehouses, plans two new fulfillment centers
SkyNews reports that Amazon is looking to close three old warehouses in the U.K., which currently employ 1,200 people, and replace them with two new, large fulfillment centers. The sites in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, have been proposed for closure. The proposed new sites ...
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News briefsAlibaba plans logistics center at Istanbul airport
Chinese e-commerce giant Alibaba Group Holding Ltd will invest more than $1 billion in Turkey to build a logistics center at Istanbul Airport and a data center near the Turkish capital of Ankara, Michael Evans, president of Alibaba Group since 2015, told Sabah newspaper last Sunday. Alibaba is seeking to ...
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ArticleAnalysis: Sporting Goods Industry stocks suffer double-digit market cap decline
This exclusive analysis shows the development in the market capitalization of the top 87 stock-listed sporting goods companies.
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ArticleRe:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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News briefsIntersport launches Alpine store concept in Crans Montana
Intersport Switzerland has partnered with Mood Media and LG to equip its new Alpine store concept in Crans-Montana with the latest audiovisual retail technology. The high-tech upgrade is visible as soon as you enter the store. In the shop window, Mood Media, an experiential media company based in the U.K., ...
