Retail insights from the sporting goods industry – Page 72
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News briefsSouth African sportswear retailer Studio 88 Group acquired by Mr Price
Fashion and home goods retailer Mr Price, a publicly-traded company based in Durban, South Africa, announced that it is acquiring 70 percent of the shares in Studio 88 Group, a major retailer of sneakers and apparel from Nike, Adidas, Vans and many other sportswear brands in South Africa, for 3.3 ...
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News briefsIntersport Germany invests in fully automated, rebuilt and expanded central warehouse
The Intersport warehouse in Heilbronn, Germany, has reached its limits due to years of growth in product ranges, unit numbers, complexity and stock turnover. A massive investment in floor space and logistics software and hardware has significantly increased the purchasing community’s warehouse size: In addition to the existing building, a ...
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News briefsLululemon expands “Like New” resale program across U.S.
After launching its “Like New” pilot program last spring in 80 stores in California and Texas in collaboration with Trove, recognized industry experts in branded re-commerce, to support with resale technology and operations, Canadian athleisure brand Lululemon, which most recently expanded into the running and tennis markets, has expanded its ...
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News briefsDecathlon revises loyalty program
This month Decathlon is advertising its revised French loyalty program, Decat’Club, with a marketing campaign called “Coup de Projecteur,” which means something like “slide show” or “film showing.” Customers must sign up for a Decathlon account first, and any purchase made through the account will sign them up automatically for ...
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News briefsOutdoor retailer McTrek enables German fashion chain Adler to enter sporting goods segment
Germany’s Adler Modemärkte is cooperating with McTrek Retail GmbH to enter the outdoor product market with its more than 130 Adler stores in Germany, Austria, Luxembourg and Switzerland. Adler Modemärkte AG, a company that had been strong with private labels in the past, went into insolvency in 2021 and was ...
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News briefsNPD merges with IRI to create new global analytics and data provider
Information Resources, Inc. (IRI), a U.S.-based global company providing solutions and services for consumer, retail and media companies, and the market research firm NPD Group from New York, known as a provider of market information and advisory services in more than 20 industries, have signed a definitive agreement to merge ...
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News briefs
JD.com promotes Lei Xu to CEO
JD.com Inc. promoted Lei Xu to chief executive officer, succeeding Richard Liu. Xu, who most recently served as president at the Chinese tech and online retail company and thus already led its operations, will also join its board of directors. Liu founded JD.com in 2004. He will remain chairman of ...
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ArticleRevenues up by 18% at Decathlon France, up 21% globally
While global sales reach a new record with €13.8 billion in 2021, France remains the most important market for Decathlon.
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News briefsUYN opens first flagship in Germany
The Italian brand UYN (Unleash your Nature) has opened a brand shop inside Germany’s renowned KaDeWe in Berlin, a 60,000-sqm department store. UYN’s 200-sqm brand space is located on the fourth floor in the sports brand environment, featuring its shoe collection and its running, fitness and outdoor lines. UYN is ...
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ArticleRussian sporting goods market hit by economic turmoil
Demand for sporting goods is falling in Russia amid price increases across the entire product range and the exodus of Western brands, according to Anna Lebsak-Kleimans, general director of Moscow-based consultancy Fashion Consulting Group. In recent years, sporting goods had fueled demand in the Russian fashion market, Lebsak-Kleimans said. “The ...
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News briefsSports Direct launches running podcast for Ramadan period
British sports retailer Sports Direct has launched a podcast called “Fast Enough: Ramadan Running”, available for free on Audible and other platforms, to assist Muslims during the fast. The English-language podcast series, which runs until the end of Ramadan on May 1, includes training plans, wellness tips, mental preparation and ...
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ArticleYearly cross-border e-commerce ranking sees DTC sales on the rise
Cross-Border Europe (CBCommerce), a platform promoting cross-border online commerce in Europe, published its yearly Top 500 Cross-Border Retail Europe study on the 500 strongest European players in cross-border e-commerce for the fourth time. Cross-border online commerce (excluding the travel segment) generated total sales of €171.2 billion in the EU in ...
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ArticleU.S. activewear brand Vuori expands into Europe, Australia and Canada
California-based activewear brand Vuori is launching in the U.K., France, Germany, Ireland, the Netherlands, Australia and Canada, marking the first steps in a global rollout announced in late 2021. Consumers in these countries will be able to purchase the brand’s products from country-specific brand web stores. In select markets, Vuori ...
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News briefs
Nike to begin testing Jordan-only stores in North America
Nike will begin testing stores in North America that only sell its Jordan brand in fiscal 2023. The announcement was made during Nike’s earnings call for its fiscal 2022 third-quarter results on March 21. The test in North America will leverage a consumer experience that proved “wildly successful in Greater ...
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News briefsDecathlon suspends activities in Russia
After Decathlon had initially announced to keep its 60 brick-and-mortar and the web store open in Russia until further notice following the outbreak of war in Ukraine to protect its employees from possible harmful measures, the French company has now announced that it is ceasing its operations in the country ...
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News briefsSport 2000 Absolute Teamsport concept grows by two new specialized stores in Germany
Two new shops in Germany have opened their doors under the Absolute Teamsport concept by Sport 2000. The concept aims to provide a specialized, comprehensive range of team sports products and services. With the new Absolute Teamsport Rauscheid in Alsdorf and the Absolute Teamsport Burdenski Sportswear in Bremen, the total ...
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News briefsAmazon to open first fulfilment center in Turkey
Amazon has announced plans to open its first logistics base in Turkey in autumn 2022. The facility, which will be based in Istanbul’s Tuzla municipality, is expected to create 1,000 new jobs during the first year. Amazon is investing more than 100 million dollars in the new site, which is ...
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Article361 Degrees to pump more resources into e-commerce
361 Degrees, which realized 55 percent e-commerce growth in 2021 to 1,227.4 million yuan renminbi (€174.6m), intends to invest more resources and marketing muscle into the segment this year to fuel further growth via exclusive online products and more brand exposure on social media channels. In 2021, net income attributable ...
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ArticleRussia’s Sportmaster set to exit Denmark and Poland
The Singapore-based parent company of the Sportmaster Group, whose eponymous retail chain is the largest sporting goods retailer in Russia, has decided to divest the retail chains that it had acquired in Poland and Denmark in the last years as part of a wider geographic diversification. It already sold its ...
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News briefsCanada Goose accelerates expansion in the Japanese market
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
