Retail insights from the sporting goods industry – Page 70
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ArticleRatcheting up European store growth, Zumiez sees a path to break-even in the region
Elaborating on its recent strong growth outside North America, Zumiez said it intends to open 14 new stores in various European countries in 2022, including two new markets, to take its door count across the continent to 81 locations. They will be branded as Blue Tomato, the European banner of ...
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ArticleRussian footwear market faces a crisis
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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News briefsSport 2000 opens Mega Store in Sofia, Bulgaria
Under the Sport Depot banner, Sport 2000 has opened a Mega Store in Sofia, its largest store in Bulgaria with 3,000 square meters of retail space and four floors, each specializing in a different type of sport. The new retail concept of the store is characterized by a contemporary interior ...
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ArticleMarks & Spencer invests in brand platform The Sports Edit
U.K. retailer Marks & Spencer has announced a new strategic investment in the fast-growing brand platform The Sports Edit. The Sports Edit was founded in 2015 by Nick Paulson-Ellis, who has grown the company by focusing on bespoke brand curation in activewear. The Sports Edit is constantly adding new and ...
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News briefs
Paris Saint-Germain opens flagship store in New York
French football club Paris Saint-Germain (PSG) has announced the opening of a flagship store in New York City, located at 587 5th Avenue. It will be the first official boutique in New York City for an international sports club and the club’s largest store outside of France, adding to PSG’s ...
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News briefs
Puma introduces diverse mannequins in India
Puma India has introduced diverse mannequins in its stores across the country to mark Women’s Day. The brand selected four female customers with different body types to participate in the initiative, in which mannequins were made according to their measurements. In the past, retail mannequins have always been tailored to ...
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ArticleSport 2000 Germany reports best result in company history; outdoor, ski touring leading the pack
Sport 2000 GmbH continues to grow in Germany. The factored purchasing volume and external sales of the affiliated partner companies in Germany gave Sport 2000 the best result in the company’s history in 2021. As a result, Sport 2000 defends the position it already held in 2019 as Germany’s largest ...
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News briefsIntersport Germany continues to focus on growth
Expansion is right at the top of Intersport Germany’s agenda in 2022: the existing dealer network is being strengthened and further expanded with a significant investment program. An example is the opening of Intersport Stommen in Essen, Germany, on March 3, 2022. The sports retailer offers more than 850 square ...
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News briefsAustrian Post, Intersport and other retailers launch pilot project for reusable packaging
In a joint pilot project supervised by the University of Upper Austria and organized and managed with Austrian Post, five retail companies in Austria are using new types of reusable shipping packaging. Among the online retailers in the project is Intersport Austria. Four different types of packaging made of cardboard, ...
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News briefsFabletics to open 30 new stores in 2022
Fabletics has announced that it plans to open 30 new store locations in 2022. The new stores planned for this year will bring the brand’s global brick-and-mortar presence to more than 100 locations. The company has unveiled the first 18 new locations slated to open in 2022, all of which ...
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News briefsPentland goes direct for Speedo in Germany
Swimwear brand Speedo, part of Pentland Brands, which also owns the Berghaus, Canterbury of New Zealand, Endura, Ellesse, SeaVees and Mitre brands, has announced that it will return to a direct-to-retail business model in Germany. As one of the largest markets for swimwear in Europe – worth €486 million in ...
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News briefsSnipes with second major acquisition in the U.S. since December
Snipes continues its expansion in the U.S. with the acquisition of New England-based sneaker retailer Expressions, which operates 35 stores in Massachusetts, Connecticut and Rhode Island. Terms of the deal were not disclosed. Expressions was founded in 1989 as a fashion-oriented family business. In the years that followed, the company ...
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News briefs
Sprinter is set to open 25 new stores in Spain
The Spanish news service Palco23 reports that JD Group is planning to open 25 new Sprinter stores in Spain this year. Sprinter, which has been part of JD Group since 2011, is one of the main sports retailers in Spain, selling both international sports brands and private labels. Plans for ...
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News briefsDecathlon’s largest German store opens in Cologne
Source: Decathlon Germany Decathlon Cologne-Marsdorf The expansion of the Decathlon store in Cologne-Marsdorf, which first opened in 2017, to a total of 8,500 square meters (bigger than a football field) has been completed. The remodeling created new indoor test areas with, among other things, space for a ...
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News briefs
Atmósfera Sport enters France and Portugal
The Spanish news service Palco23 reports that the Spanish buying group Atmósfera Sport expects its sales to increase by 25 percent in 2022 after posting a 37 percent growth in 2021 compared to 2020. The growth in sporting goods is supported by omnichannel, digitization and international expansion. According to the ...
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ArticleSigna Sports United grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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News briefseBay celebrates the women behind sneakers with Trailblazers Collection
eBay has announced the Trailblazers Collection, an exclusive drop that highlights sneakers designed or inspired by the industry’s most influential women. Kicking off Women’s History Month, this one-of-a-kind event on the U.S. eBay website combines some extraordinary styles with impressive backstories and celebrates the undeniable influence of women on sneaker ...
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News briefsNike temporarily halts e-commerce in Russia
As reported by the Portland Business Journal, Nike has temporarily halted sales through its Russian website and app, stating that the company “cannot guarantee delivery of goods to customers in Russia.” The news came after major logistics companies such as UPS and FedEx announced they would temporarily suspend their services ...
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News briefs
German retail supply bottlenecks worsen in February
According to a survey by the research institute Ifo, supply problems in German retail have worsened again in February. In February, 76.3 percent of overall retailers said they did not receive all the goods they ordered. A month earlier, the figure was 57.1 percent. Among retailers selling clothing, 52.6 percent ...
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ArticleFoot Locker shares take hit on waning Nike product assortment
Foot Locker’s share price fell by $12.30, or 29.7 percent, on Friday after the retailer told investors that its allocation of key Nike products would decline this year to no more than 55 percent of its overall merchandise assortment by the fourth quarter, adding that its 2022 outlook will fall ...
