Retail insights from the sporting goods industry – Page 48
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News briefsDivestment of more brands from JD Sports to Frasers group
In the ongoing divestment of 15 of JD Sports’ non-core, U.K.-based fashion businesses to the Frasers Group, the transaction has been completed for five more brands: Tessuti, Scotts, Choice, Giulio and Cricket. The company expects to complete the divestment of Topgrade Sportswear later. According to JD Sports, Rascal Clothing Ltd. ...
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ArticleUnderstanding the GPSR and what it could mean for EU businesses
Have you heard of the GPSR and do you know what it means for businesses in the EU? We explain the main points every brand needs to know
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News briefsSport Voswinkel replaces half of its management duo
On August 1, 2023, Ralf Lehmkuhl will join the management of Intersport member Sport Voswinkel (a German retail company currently operating 35 stores) as a co-CEO together with Marcus Neul. Lehmkuhl joins Voswinkel from Karstadt Sports, where he was most recently responsible for SportScheck’s controlling. According to Voswinkel, a particular ...
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Infographics & DataGlobal leaders in branded casual footwear 2022
Found out who were the leading casual footwear brands in 2022 in our latest graphic.
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ArticleJD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits. Find out the strategy behind this plan.
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News briefsJD Sports leaves South Korea, but plans major expansion in U.S. and Europe
JD Sports is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened its ...
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News briefsNew figures from German Retail Association paint mixed view of 2023
Almost half of the retail trade in Germany expects sales to be at or just above last year’s level, about a third expects them to be slightly below it, and 18 percent expect a significant decline. These are the results of a recent survey of around 900 retail companies by ...
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ArticleCircular economy: Rental is a business model for now and the future
Good for the environment and the bottom line. Sounds good in theory, but what does this mean in practice? We explain the whys and hows
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News briefsCanada Goose launches U.S. resale platform powered by Trove
Trove, a service provider that powers the secondhand stores of Patagonia, Lululemon, REI, Arc’teryx, On and Allbirds, is now also the partner for Canada Goose’s new authorized reselling platform: Canada Goose Generations. Consumers can trade in their used Canada Goose products online, for assessment and authentication. Canada Goose will compensate ...
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News briefsLockdown boost wanes for Tradeinn
Tradeinn generated revenues of €433 million in 2022, up by 15 percent year-on-year, according to the Expansión and Diffusion Sport. This is nevertheless a decrease in pace. As we reported a year ago, even CEO David Martín was surprised at the figures for 2020 and 2021, when what he called ...
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News briefsJD Sports Fashion brands suffer hack
It appears that someone has hacked into the computer systems of five brands owned by JD Sports Fashion: namely JD, Size?, Millets, Blacks, Scotts and MilletSport. According to the company, the information lifted from its databases would concern 10 million unique customers and should be limited to their name, their ...
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Infographics & DataConversion rate of e-com shopping sites by segment, Q4
See the conversion rates of various e-com segments in Q4, including four sporting apparel and footwear categories, in our graphic.
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News briefsCourir is testing a recycling service in France
Courir, the international French-based athletic footwear chain, is testing a recycling service at three of its stores in France. Customers can return their used sneakers to the three Courir shops in Paris-Rivoli, Annecy and Grenoble. More stores are expected to launch this service by the end of January, Sport Guide ...
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ArticleA Dive into the unknown. The metaverse, NFTs and legal perspectives
The technology may be new, but it’s never too early to start thinking about protecting your brand in the metaverse. Our expert weighs in.
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News briefsSport 2000 implements new SkiExperts specialist concept
With the 2022/2023 winter season, Sport 2000 has begun to implement the new SkiExperts concept for the group’s winter sports specialists in Germany. The first 52 SkiExperts stores receive special human resources, marketing and procurement support. The service modules are coordinated with one another to offer the best consumer experience ...
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ArticleIntersport Germany pursues growth plans after record year
Intersport Germany has posted record sales of €3.31 billion for the fiscal year 2021/2022, the highest figure in the company’s history. Sounds familiar? Precisely the same result was reported a few days ago by competitor Sport 2000. Intersport Germany emerged from the 2021/2022 fiscal year, which ended on Sept. 30, ...
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ArticleFoot Locker plans to wind down Sidestep retail brand
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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ArticleIntersport International reports record year 2022
Intersport International group, based in Bern, Switzerland, has released its 2022 retail sales data, reporting a 13.4 percent growth from 2021 to a new record retail result of €13.7 billion. Among the 5,300 Intersport stores in 42 countries worldwide, those in Austria, France and Germany contributed the most to the ...
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News briefsGerman retail industry launches another climate project
The German Retail Association (HDE) is expanding its commitment to climate protection. Following the climate protection offensive that has already been running since 2017, the new HDE-Adapt project has now been launched with a wide range of workshops and informative materials on climate change adaptation. The project provides retailers with ...
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ArticleSwedish sports retail down 7.5 percent in Q4, index now with racquet sports
The quarterly Sportindex by Svenskt Sportforum shows that Swedish sports retail sales decreased by 7.5 percent in the fourth quarter of 2022, making it the fourth consecutive quarter with negative development for sports retail. For the full year 2022, sports retail sales development landed at -5.8 percent. However, the drop ...
