Retail insights from the sporting goods industry – Page 64
-
ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
-
News briefsDecathlon starts closing stores in Russia
Decathlon will suspend the operation of its sporting goods stores in Russia from Sunday, June 26, the company said in a statement, describing the upcoming closures as “temporary.” The company promised that buyers would be able to make a return of the purchased items in several stores until July 10. ...
-
C-Suite InterviewJeff Chen, CEO of NetVirta: “It’s about turning millions of dollars into cost savings”
In the current online and in-store technology race to help consumers get a better fit and simultaneously assist retailers in lowering their return costs from their customers’ ill-fitting online orders, Boston-based NetVirta thinks it has a leg, and an arm, up other rivals in the space. Pun intended.
-
ArticleCross-border online commerce in Europe rises 17 percent, while Brexit heavily impacts U.K. business
Cross-Border Commerce Europe (CBC), a Brussels-based platform promoting cross-border online commerce in Europe, publishes a yearly study that examines and ranks the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online commerce. In the 2021 ranking of the most eager EU consumers, Luxembourg ...
-
ArticleSport 2000 to present a more united image internationally
Sport 2000 closed the 2021 financial year with record sales of €5.3 billion, confirming its position in sports retail in the DACH region. Now the sports retail group wants to become more visible worldwide as “One Sport 2000,” as the group announced at this year’s General Assembly. “The specialty sports ...
-
ArticleU.K. rail strike deserts rail stations and heavily impacts retail companies
With their biggest strike for 30 years rolling over the U.K., British rail unions have brought 17.7 percent fewer shoppers to the greater London area, and 27 percent less to the city center compared to last week. Compared with the 2019 pre-Covid numbers, footfall was down 19.3 percent across U.K. ...
-
ArticleMeta to sell name-brand avatar apparel
In January, Meta introduced its 3D avatars – already operative in its virtual-reality (VR) iteration – into Facebook, Messenger, Instagram Stories and direct messages (DMs). This month it is inaugurating the Meta Avatars Store, where users can purchase virtual apparel for their avatars from, so far, three name brands – ...
-
News briefs
Tréndico holds first in-person convention in two years
This month, Tréndico Group held its first in-person convention since January 2020, CMDsport reports. In attendance were 44 brands and some 80 percent of the owners of the 475 stores under its Atleet and Foot on Mars banners. The convention was on par with the previous show, a virtual one ...
-
News briefsCEO of Intersport Germany expected to become new head of German Retail Association (HDE)
Source: HDE Alexander von Preen After Josef Sanktjohanser, president of the German Retail Association (HDE), announced that he would not be available for re-election after 16 years, the executive board of the federation has unanimously recommended Dr. Alexander von Preen, CEO of Intersport Germany eG, to the ...
-
ArticleGfK reports Europe-wide retail turnover increase of 6.8 percent in 2021
Against the weaker 2020 numbers that reflected a European economy shaken by the first Covid-19 wave, the new figures conducted by GfK for the retail sector in Europe show an overall better situation for retailers. The 2021 European retail study sees retail sales increase significantly by ...
-
News briefsMunich posts 29% increase in annual sales, with exports growing double-digit
Munich, the Spanish company and brand specializing in sports and fashion shoes, reached record revenues of €52.6 million in 2021, marking a 28.71 percent increase compared to the previous year. Exports jumped by 28 percent to €6 million, primarily driven by Europe. Sales in Spain, its primary market, increased by ...
-
News briefs
Pádel Nuestro to sponsor WPT's first Finnish event
The Spanish specialty retailer Pádel Nuestro is the official sponsor of this year’s inaugural edition of the Tampere Exhibition, scheduled for June 30 to July 3 in Finland. This will be the farthest north the World Pádel Tour (WPT) has yet penetrated. The Scandinavian country is said to contain some ...
-
ArticleANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
-
News briefsJD Sports opens mega store in Hamburg’s HafenCity district
The British retail chain JD Sports will open an 800-square-meter store in Hamburg’s HafenCity, operated by Unibail-Rodamco-Westfield, a global developer and operator of flagship destinations with a portfolio worth €54.5 billion. The new mega store’s extensive brand and assortment mix will combine brands such as Nike, Adidas, Puma and The ...
-
News briefsLids will open 20 stores in Germany
Source: Lids Lids store in the U.K. Lids, the U.S. sportswear retailer headquartered in Indianapolis, is expanding into Germany with the opening of 20 stores. The first three locations will open in Berlin in the coming weeks. Alexa Berlin is set to open on June 17, followed ...
-
News briefsA new Nike concept store in Hong Kong with GMG
GMG has launched a new Nike concept store in Hong Kong. The 200-square-meter store is located at the Hang Tau district’s East Point City shopping mall. GMG is a global company retailing, distributing and manufacturing a portfolio of international and home-grown brands across sports, food and health sectors. The company ...
-
News briefsDecathlon to help provide certified training in sales and repair
In September, to meet what it calls the demands of “urban mobility,” Decathlon will be inaugurating 17 apprentice training centers (CFA) for bicycle repair and sales throughout France. Established in partnership with the AFPA – which began certifying workers in 1949 to help rebuild France after the Second World War ...
-
News briefsDecathlon expands its distribution channels in the U.S. to include new retailers
French sporting goods brand Decathlon announced at Outdoor Retailer in Denver that it will expand its distribution channels to include key brand partners to provide customers with greater access to its sporting goods offering. Decathlon’s products are available on decathlon.com and through a growing list of retail partners, including specialty ...
-
News briefsInstant Commerce announces €2 million pre-seed funding
Instant Commerce, a Dutch e-commerce software startup, has raised €2 million in seed capital with the participation of the founders of Storyblok, Wandera, Snyk and Supercell. With the investment, the young company wants to build the product, expand the team, and create brand awareness throughout Europe. Instant Commerce was founded ...
-
News briefs
Puma launches shopping app in India
Puma has launched its official mobile shopping app in India to further enhance its digital offering to consumers and give them faster access to its latest products and exclusive services. An official statement said that India is the first country where the German sportswear manufacturer’s e-com app has gone live. ...
