Retail insights from the sporting goods industry – Page 50
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C-Suite InterviewMargit Gosau: “In times of crisis, sport seems to become more important”
In an exclusive interview, Margit Gosau CEO Sport 2000 reveals the group’s most successful categories and why Finland and Sweden are leaving
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ArticleDecathlon goods return to Russia
Russian marketplace CDEK.Shopping has started selling Decathlon merchandise in Russia, the company said on March 10. Currently, nearly 50,000 items, or 80 percent of Decathlon’s total assortment, are available to Russian customers. The offer includes items under the Decathlon and Quechua brand names as well as Regatta, Hummel, Caperlan, Domyos, ...
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News briefsFrench court will examine options for Go Sport on April 18
The Grenoble Commercial Court has decided to study the continuation plan that Hermione People & Brands (HPB), Go Sport’s owner, the owner of Go Sport, intends to implement, as well as the takeover bids available on April 18. Intersport and Frasers (formerly Sports Direct) are among the potential buyers. French ...
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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ArticleFor indie sneakers, all players in one arena
A first decentralized brand for sneakers has seen the light of digital day on a platform created by a company called Madeium and run in part with tech from a company called Intertrust. Under the name Yxung, the brand runs on a peer-to-peer (P2P) model. You might remember P2P as ...
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News briefsSports Direct criticized for camera surveillance in stores
As the Daily Mail reports, Sports Direct has recently begun using facial recognition cameras that scan customers’ faces and check them against a database of suspected criminals. Frasers Group, which owns Sports Direct and is controlled by billionaire Mike Ashley, found itself compelled to do so after police stopped arresting ...
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News briefsNew store and retail concept for Peak Performance
The Swedish outdoor brand Peak Performance has opened a 180-sqm store in Innsbruck, Austria, with a new retail concept including care and repair services. As well as offering maintenance advice and professional wash services, the store opening also marks the Austrian launch of Peak Performance’s second-hand initiative, Wear Again (previously ...
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ArticleIntersport Sweden partners with Canopy to protect the world’s forests
Intersport Sweden – the country’s leading sporting goods retailer, founded in 1968 and with nearly 100 stores – has announced a partnership with the non-profit organization Canopy to promote forest-friendly supply chains. The aim is to set important signs for the world’s forests, species and climate. Intersport Sweden thus joins ...
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ArticleTrove releases first-of-its-kind Brand Resale Index for 2023
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods manufacturers, has released its first Brand Resale Index, titled “Defining the Resale Experience.” The index is the first report of its kind, agnostic to the resale platform provider and it evaluates the adoption of leading ...
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News briefsUnder Armour opens new flagship at Battersea Power Station
Under Armour opened its newest brand house in the U.K. at London’s Battersea Power Station on March 8. The new brand house features such features as changing rooms with interactive screens that allow customers to get instant support from teammates in the store. The store’s design incorporates Battersea Power Station’s ...
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News briefsAthleta brand now available in the U.K. on next.co.uk
Sports and activewear brand Athleta is now shoppable in the U.K. and Ireland via Gap Inc.’s joint venture with Next. Athleta offers 100 styles ranging from joggers and sweat tops to shorts, sports bras, leggings, tank tops and waterproof outerwear on next.co.uk. Gap acquired Athleta in 2008. The joint venture ...
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News briefsSport 2000 flagship store opens in Mauritius
Sport 2000 has opened a flagship store in Mauritius together with its partner, HV Group. The store, located in the Tribeca Mall Mauritius, is also the first to implement the new Sport 2000 multi-category retailer concept with over 30,000 products from more than 20 brands in around 1,000 square meters ...
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News briefsGap Inc. reports drop in sales across brands, Athleta CEO steps down
Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...
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News briefsGerman Football Association and Fanatics expand and extend their partnership
The Deutsche Fußball Liga (DFB) and sports e-commerce giant Fanatics have announced a long-term extension to their existing omnichannel retail partnership. The expanded and extended partnership, encompassing both UEFA Euro 2024 in Germany and the 2026 FIFA World Cup, will see Fanatics retain exclusive global e-commerce rights with the DFB ...
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News briefsGfK see 93 percent of Europeans on a spending freeze
In a recent study, market insights firm GfK shed light on the shopping behavior of European consumers in light of rising living costs and inflation. 93 percent of consumers in Europe have already adjusted their purchasing habits as household budgets are becoming tighter, according to the GfK comparison of 15 ...
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ArticleDecathlon Germany cracks the €1 billion sales mark
The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...
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News briefsZalando reports a “healthy balance sheet” for 2022
Zalando has released its figures for 2022, stating that all financial figures came within the ranges of the updated company guidance despite a challenging economic backdrop. GMV grew 3 percent to 14.8 billion euros in 2022, with revenue stable at 10.3 billion euros compared with a year ago. Adjusted earnings ...
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News briefsThe Athlete’s Foot acquires Sneakers Market S.A. in Greece
Lifestyle and footwear retailer The Athlete’s Foot (TAF) has closed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece. The deal follows the takeover of TAF globally by Arklyz Group in 2021 and marks the beginning of a new strategic direction for ...
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Case StudyHow Snipes’ unique retail experience helped the brand open nearly 700 stores worldwide
Snipes often describes itself as an “entertainment event company with a bit of retail.” Find out why, and read more on its shop philosophy
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News briefsInternet spending continues to grow in the EU
In 2022, 91 percent of people aged 16 to 74 in the European Union used the Internet, according to data from the latest annual survey on the use of ICT in households and by individuals, released by Eurostat. The proportion of e-shoppers jumped from 55 percent in 2012 to 75 ...
