Retail insights from the sporting goods industry – Page 60
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News briefsJD Sports re-affirms FY Ebit guidance, continues CEO search
Updating its June 22 statement on year-to-date results, JD Sports said total sales in the group’s like-for-like businesses were 5 percent ahead of year-ago levels through June 30. With the positive result, JD is maintaining a performance outlook that calls for profits before tax and exceptional items for the fiscal ...
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News briefsDeporvillage’s 11-year growth streak ends
In January, when we last checked in with the Spanish multichannel sports e-tailer, Deporvillage had wrapped up an 11th consecutive year of growth. Annual revenues for 2021 were up year-on-year by 40 percent. Things have now changed. Sales for the first and now the second quarter have been flat with ...
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News briefsZalando promotes Christoph Lütke Schelhowe to GM DACH
After last week’s resignation of Florian Jodl, Zalando has revealed his successor. Christoph Lütke Schelhowe, a former McKinsey associate principal, will be Zalando’s new general manager for the German-speaking markets. Schelhowe has been with the company for almost ten years in different positions, most recently VP, demand – customer acquisition ...
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ArticleGoogle installs seamless shopping with new Shopify tool on Youtube
By installing a new Shopify connection on Youtube, the internet company is expanding the business opportunities for content creators, like influencers and brands. Up to now, Youtube creators were able to promote and sell products in live videos on Youtube – but for the purchase transaction, a change of platforms ...
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News briefsJD Sports reportedly bows to CMA, talking to potential Footasylum buyer
U.K.-based JD Sports Fashion was in exclusive talks to sell Footasylum to German private equity investor Aurelius Group, a Sky News reporter said Wednesday in a tweet followed by an article on the Sky website. The negotiations are the result of a months-long dispute with the U.K.’s Competition and Markets ...
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ArticleFrasers Group recovers from Covid and posts rising profits
Frasers Group, the owner of Sports Direct, reported a “record-breaking year” following the successful recovery from the pandemic.
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News briefsInstagram offers in-chat payment
Small businesses should now be able to transact business in Instagram chat, Meta, Instagram’s owner, has announced. Meta seeks in this way to support businesses that do not have their own Instagram store. Source: Meta In the chat, it will be possible not only to ask questions, ...
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ArticleRussia sees hike in online sales of sporting goods as fears rise over counterfeits
Russia’s largest online retailers have registered booming demand for sporting goods in the first half of 2022. Learn about the details.
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News briefsPádel Nuestro has a new owner, looks to Japan and the U.S.
Business is brisk in pádel. As Technifibre CEO Nicolas Préault said in our recent interview with him, “Padel is booming as l have never seen a sport boom before.” On July 6, by infusing capital and acquiring stakes, Ergon Capital Group has taken a majority position in 360° Padel Group, ...
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News briefsTennis-Point hopes to have 15 stores in Spain by 2024
Tennis-Point – a Signa Sports United company, which has set its sights on €13.5 to €14 million in annual sales – will be opening three stores, two of them big, in the last third of the current year. Speaking with CMDsport, its chief executive for Spain, Miquel Just, says ...
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News briefsH&M to pull out of Russia for good
Swedish fashion chain H&M has announced its complete withdrawal from Russia. The exit won’t be cheap.
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News briefs
Sprinter eked out a rise in sales over 2021
Sprinter generated €399.9 million in sales over its financial year 2021, according to Diffusion Sport. The period ran through Jan. 31 of last year, and therefore includes the worst of the lockdowns. Although e-commerce sufficed under these conditions to produce a revenue increase of 0.6 percent, net profit was down ...
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News briefsNew Nike Style retail concept debuts in Seoul
Nike Style, Nike’s newest retail experience, is opening in Seoul on July 15. The new retail concept – part retail and part creative studio – is meant to epitomize “a remixed expression of sports retail culture that blurs the line between physical and digital,” said the brand. The store is ...
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News briefsSimplon installs pop-up exhibition at Breuninger in Munich
The Austrian bike manufacturer Simplon runs a new exhibition space in an unusual surrounding: In the high-fashion store Breuninger (formerly Konen) in the heart of Munich, the bike maker shows its bikes and offers 3D body scanning and consultancy on its products. The pop-up project runs for four weeks and ...
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News briefsAmazon’s Prime Day 2022 breaks records
Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022. This made this year’s event the largest Prime Day event in Amazon’s history. Amazon disclosed in a press release that the savings Prime members achieved thanks to Prime Day amounted to more than $1.7 billion, more ...
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News briefsFootway reports loss in Q2
According to an article in Swedish trade publication ehandel.se, e-commerce company Footway Group closed its second quarter with a loss of nearly SEK 27 million (€2.54m). The company’s sales also fell by SEK 100 million from SEK 387 million last year to SEK 282 million (€26.57m) in the second quarter ...
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News briefsJD Sports to build new headquarters with space for 2,000 employees
As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...
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News briefsNike to open new store at Liverpool Shopping Park
Nike has signed a ten-year lease at the Old Swan complex in Liverpool. Nike’s new 930-square-meter store at The Derwent Group’s Liverpool Shopping Park will take over a unit formerly occupied by fashion retailer Outfit. The store is expected to open in the second half of this year. The Liverpool ...
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News briefsKlarna starts $800m fundraising round, but drops in valuation
The Swedish financial technologies company Klarna is raising $800 million in a funding round advised by Goldman Sachs. The sum is planned to flow primarily into the company’s expansion in the U.S., where Klarna has roughly 30 million users. However, Klarna’s current valuation of $6.7 billion is a significant drop ...
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News briefsPádel Nuestro to open world’s largest pádel store
Pádel Nuestro – now with a new logo – says that on July 15 it will be opening the world’s largest pádel store, a flagship of 500 square meters at 41 Calle María de Molina in Madrid. The customers will be permitted to test racquets before making a purchase. The ...
