Retail insights from the sporting goods industry – Page 6
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News briefsSelfridges seeks debt financing after Signa insolvencies
Following the wave of insolvencies that have hit the Signa Group, British department store chain Selfridges Group is reportedly in talks with the Thailand-based Central Group to negotiate future financing to settle outstanding debts. Signa bought Selfridges together with Central Group last year for £4 billion. Central became the majority ...
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ArticleFootway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
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News briefsIntersport Austria retailers pleased with successful Christmas business
Source: Intersport Austria The Alpine Ski and Service segments performed exceptionally well during the Christmas period In hardly any other industry, the weather influences the buying mood of Austrians as much as in sporting goods retail. The arrival of winter on the first weekend of Advent gave ...
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AnalysisThe world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers has the revenue of 50 companies and ranks their growth compared with last year.
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News briefsManagement changes at Alibaba
Chinese e-commerce giant Alibaba Group has announced the appointment of Eddie Yongming Wu as Group CEO and Chairman of Taobao and Tmall Group with immediate effect. He will also serve as CEO of the two subsidiaries. He replaces Daniel Zhang, who is resigning from the group’s executive positions to focus ...
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News briefsBlue Tomato expands “Rent Your Ride” rental service
Action sports and lifestyle retailer Blue Tomato is expanding its offer to rent selected products such as snowboards, splitboards, boots and bindings. As part of the “Blue Tomato Rent Your Ride” service, customers can obtain advice on the products in several stores in Germany and Austria and then rent them. ...
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News briefsRip Curl to expand its retail presence in Spain
Rip Curl, part of KMD Brands, is planning to expand its retail presence in Spain in partnership with the El Corte Inglés department stores, according to Modaes. Spain is Rip Curl’s second European market after France. The brand currently has three stores in Spain, where it also sells its products ...
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News briefsAlibaba.com records rising demand for smart fitness and sustainable sports products
B2B e-commerce platform Alibaba.com recently published the most important trends among B2B buyers in the sports sector. The Chinese company found that the total number of orders for smart fitness products increased by 51 percent year-on-year (mid-October to mid-November 2023 compared to the same period in 2022). The most popular ...
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News briefsDecathlon reportedly continued to sell in Russia, denies allegations
According to investigative media site Disclose, French sporting goods retailer Decathlon has secretly continued to sell clothes in Russia despite its official announcement on March 29, 2022, that it was ending its activities in the country due to the war in Ukraine. In October of this year, Decathlon sold its ...
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News briefsTonal offers trade-in program after Lululemon discontinues Mirror
Tonal, an intelligent home gym with a personalized approach to strength training, announced “Mirror Trade-In,” a trade-in program that offers customers of Lululemon Studio Mirror hardware the opportunity to replace their discontinued Mirror device with a Tonal device. Lululemon stopped selling Mirror hardware and announced it would stop producing new ...
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News briefsDecathlon to offer ultra-fast car chargers at UK stores
Decathlon has partnered with public electric vehicle charging infrastructure provider Be.EV to provide ultra-fast electric vehicle charging points in a number of stores across the UK. This is Decathlon UK’s first partnership with a public charging network. Locations are already planned in various stores across the UK, with the Decathlon ...
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News briefsFarfetch acquired by Coupang
Luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ailing luxury ...
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News briefsAlibaba invests another $630m in Lazada
China’s Alibaba Group Holding has invested an additional $634 million into Singapore-based e-commerce subsidiary Lazada to drive additional growth and compete against TikTok and others in the Southeast Asian market. TikTok, which is owned by Chinese technology group ByteDance, has announced that it will acquire a 75 percent stake in ...
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News briefsSportsShoes.com expands marketing and design teams
UK online retailer SportsShoes.com has announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as Marketing Coordinator from sports and mountain apparel brand Inov-8, where she was Head of Marketing. She previously ...
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News briefsSportFits joins Sport 2000
The southern German outdoor and winter sports online retailer SportFits (TouriSpo GmbH & Co. KG) has joined the Sport 2000 network. The new partnership strengthens Sport 2000’s position in e-commerce and emphasizes its commitment to digital innovation in sports retail. SportFits recently moved into the modern company headquarters in Salzweg ...
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AnalysisThe European sports retail market
Our latest review of European sports retailers shows single-figure growth. We bring you the numbers in full across 15 countries and over 70 retailers.
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News briefsRossignol opens new store in Courchevel
The Rossignol Group announces the opening of its new store in Courchevel, strengthening its presence in the heart of the Alps. Pre-opened on Dec. 9, the boutique, which spans two floors with a total area of 180 sqm, is the result of a partnership between the Rossignol Group and Patrick ...
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News briefsA record FY22 for Atmósfera Sport
The Spanish buying group Atmósfera Sport, which began life as Esport Deval in 1988, is wrapping up its 35th anniversary year with news of record annual sales, according to CMDsport. In full-year 2022 the retailer managed for the first time to break €30 million in sales – in fact, blew ...
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ArticleAtleet flying high for Tréndico
After five years in business, the Tréndico buying group’s newest retail banner, Atleet, is projecting record sales of more than €60 million for the full year 2023, according to CMDsport. This amounts to a gain of 18.5 percent over FY 2022’s figure of €55.7 million. Specialized in sportswear for training, ...
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ArticleIrving invests in sneaker marketplace Kicks Crew
Kicks Crew, a global sneaker and apparel e-commerce platform founded in 2013 and based in Los Angeles, California, has secured international basketball athlete, artist and actor Kyrie Irving as an investor. The athlete, sponsored by Chinese sporting goods brand Anta and also serving as the brand’s Chief ...
