Retail insights from the sporting goods industry – Page 78
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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ArticleAdidas releases its first NFT collection
As we reported earlier this month, Adidas has struck deals with three producers of non-fungible tokens (NFTs) on the Ethereum blockchain: Bored Ape Yacht Club (BAYC), gmoney and PUNKS comic. The fruit of those initiatives, a first collection of NFTs under the Adidas Originals brand of lifestyle products is slated ...
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ArticleSigna Sports United goes public with a valuation of $3.0 billion
Signa Sports United (SSU), which has become the largest dedicated sports e-tailer in the world, started trading on the New York Stock Exchange on Dec. 15 with an opening price of $9.07 per share, down from an issue price of $9.43, which gave the company a valuation of $3.13 billion. ...
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News briefs
New 2020 retail figures for Spain
We have obtained new figures for the sales of some of the leading Spanish sports retailers in 2020 from a Spanish market research agency, Sport Panel, leading us revise one of the charts that we published on Friday. The revised chart shows, among other things, that the Spanish turnover of ...
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News briefsFoot Locker launches its Cozi label of women’s apparel
Foot Locker has announced the global launch of its first private label of women’s apparel, Cozi, presenting it as “an apparel brand designed for women who keep up with trends, love sneakers and crave premium wardrobe staples at an affordable value.” It will be exclusively available in multiple sizes online ...
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News briefsBlue Tomato expands to Norway
Source: blue-tomato.com The new Blue Tomato store at Grensen 13 in downtown Oslo. Blue Tomato has opened its first store in Norway. The Austrian-based company, which is part of the U.S. action sports retailer Zumiez, moved into a 425-square-meter store at Grensen 13 in the heart of ...
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News briefs
A new Absolute Teamsport partner in Germany
Sport Böckmann, a big German specialty team sports dealer based in Holdorf, will become the next partner in the roll-out of the Absolute Teamsport concept, Sport 2000’s new premium multi-channel format for team sports specialists. The long-time Sport 2000 partner will reopen its doors in the first quarter of 2022 ...
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ArticleAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
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News briefs
After losing the Nike and Adidas contracts, Italy’s Sport Alliance boosts its wholesale activities
Sport Alliance, the Italian buying group affiliated with Sport 2000 International, is further boosting its wholesale operations with a contract for the distribution of Cariuma skate shoes in Italy. The brand’s sustainable sneakers are developed and produced in Brazil. Sport Alliance still has one and a half years to go ...
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Article
Sports Direct’s parent eyes record profits after post-lockdown bounce in H1
Frasers Group - the U.K.-based parent company of Sports Direct and other retail chains – said it was on track to post record profits for its full year, after sales in its first half ended Oct. 24 rose by 23.6 percent to £2,339.8 million (€2,736.6m-$3,089.1m). Top line gains were supported ...
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Article
Sport 2000 launches the Running Experts Europe initiative
Sport 2000 has launched a new initiative, called Running Experts Europe, to federate the operators of specialist running shops all over Europe, starting with representatives from the Netherlands, Belgium, Switzerland and Germany. In these countries, the ANWR Group has bundled the activities of Sport 2000 through a joint company, Sport ...
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News briefs
Footway launches ninth e-tail shop, focusing on racquet sports
The Footway Group has launched its ninth specialty e-commerce site, Racketnow.com, which will be selling tennis, badminton, squash, table tennis, padel and other racquet sports products online in 24 countries, operating under the supervision of Gustav Land, general manager of the project. “The ambition,” says Land, “is for Racketnow.com to ...
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News briefs
Zara to offer subscriptions for on-demand workouts through partnership
Zara has struck a deal with TRX Training, which will be offering Zara’s customers subscriptions to its digital fitness platform, called TRX Training Club, for on-demand and live guided workouts. In tandem, Zara will be selling the company’s signature TRX product, the Suspension Trainer (which resembles a pair of Olympic ...
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Article
Rallye sells Go Sport for one euro
Rallye is putting an end to its involvement in sporting goods retailing with the sale of Groupe Go Sport to Hermione People & Brands (HPB), which is now expected to be completed by Dec. 10. HPB has agreed to pay only one symbolic euro for the business, which is said ...
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Article
Adidas moves into the metaverse, and Ethereum
About two weeks after establishing partnerships with the cryptocurrency exchange Coinbase and the networked-gaming platform The Sandbox, Adidas has announced by tweet three new partners in its foray into the so-called metaverse. One is Bored Ape Yacht Club (BAYC), a collection of about 10,000 Bored Ape non-fungible tokens (NFTs) on ...
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News briefsCMP opens its first HUB superstore, taking the place of Nardelli Sport
CMP, the Italian sports brand that belongs to the Fratelli Campagnolo group, is using the space previously occupied at Mezzolombardo near Trento by Nardelli Sport, a well-known store focused on alpine skiing, for its first superstore based on its new HUB CMP Sport concept. About 70 percent of the 1,700-square-meter ...
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Article
German retailers oppose the current anti-Covid measures
Intersport Germany and Rose Bikes are reportedly representing a group of 4,500 stakeholders in Germany that is grouping retailers, trade associations, journalists and economic experts in their opposition against the German government’s Dec. 2 decision to allow only vaccinated people to enter non-essential retail stores. The requirement, which is being ...
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News briefs
Lids comes to Europe
Lids is opening its first European stores at four locations in the London metropolitan area this month. The leading U.S. retailer for sports caps mentioned the success it has enjoyed with the opening earlier this year of an NBA store that it has been operating in London, in cooperation with ...
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News briefs
Shake-up in Alibaba’s top management
Maggie We, the long-time finance director of the Alibaba Group, is resigning as part of a reorganization of the group that will also see Jiang Fan, 36, take responsibility for its international operations. Alibaba has not been doing well since its founder, Jack Ma, complained last year about the suspension ...
