Retail insights from the sporting goods industry – Page 8

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    News briefs

    PSG store in New York will move to expanded 5th Avenue location


    Following the success of its Fifth Avenue store in New York City, French football club Paris Saint-Germain (PSG) and its partners, Fanatics and Lids, will be moving to a larger location at 535 5th Avenue on Dec. 15. The previous store closed on Nov. 25 and will reopen in the ...

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    News briefs

    Decathlon acquires Bergfreunde from Backcountry


    Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The transaction is still pending ...

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    Snowboard brand Forum returns to Europe


    Austrian board sports and lifestyle specialist Blue Tomato, part of the portfolio of US retailer Zumiez since 2012, is exclusively bringing the snowboards and snow and streetwear from US company Forum back to Europe. The brand went off the market in 2014 and relaunched exclusively online in 2022 in the ...

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    News briefs

    Munich opens its largest flagship in central Madrid


    Spanish sneaker brand Munich is opening a new flagship store at Calle de Fuencarral 5, in the premises previously occupied by a Mr Wonderful stationery shop. Calle de Fuencarral is one of Spain’s capital’s main shopping destinations and tourist areas. The new store will be the largest in Munich’s retail ...

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    How Sport 2000’s "One Sport" strategy is evolving


    Ahead of ISPO Munich 2023, Sport 2000 International has released an update of its One Sport 2000 strategy and progress. In a statement, Margit Gosau, CEO of Sport 2000 International and Sport 2000 GmbH, discusses a three-pronged approach which includes expanding specialization and progressively implementing this in brick-and-mortar retail formats, ...

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    Alibaba’s founder mulls cutting stake


    Jack Ma, founder of the Chinese e-commerce giant Alibaba, is weighing whether to sell 10 million shares in the company through his family’s trust and re-invest the proceeds in agriculture and public welfare projects. Ma disclosed his potential transaction in a regulatory filing on the same day that Alibaba reported ...

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    Digitalization is key for 85% of European SMEs, but gaps in tech adoption


    Digitalization is a powerful growth lever in today’s economy, but companies are not always up to speed with technological developments, especially small and medium-sized enterprises (SMEs). According to new research from Sage, 85 percent of European SMEs consider digital tech as a key element to their growth ...

  • Basket Revolution
    News briefs

    Basketball Revolution rebrands as Basketball Emotion, opens first store in Madrid


    Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...

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    News briefs

    A pivotal year for Fútbol Emotion


    Fútbol Emotion might achieve the record €85 million in annual sales that it forecast at the close of the first quarter of this year. However, its latest forecast hedges the bet, shaving off €1 to €2 million – all of this according to CMDsport. Even €83 million, though, would amount ...

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    News briefs

    eBay supports voluntary offer to acquire Adevinta


    eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...

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    News briefs

    Under Armour opens its first London outlet store at The O2


    Under Armour will be opening a 370-sqm unit at Outlet Shopping at The O2 in London in early December. Outlet Shopping at The O2 is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new store will be Under Armour’s 12th ...

  • Decathlon
    News briefs

    Decathlon opens megastore at new Merlata Bloom mall in Italy


    Decathlon has moved its historic Baranzate store, near Milan, which had been there for 30 years, to the new Merlata Bloom shopping mall on Nov. 18. The new store boasts a larger surface – from 4,500 sqm in Baranzate to 5,500 sqm – and a staff of 83 people, including ...

  • Smith Optics
    News briefs

    Smith has a new partner in Switzerland


    US goggle and helmets brand Smith has announced a strategic partnership with Spoco, who is to be its sole sales agency of record for the Swiss territory. As part of Smith’s ongoing efforts to expand market share and grow brand presence within the heart of Europe, the partnership with Spoco ...

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    News briefs

    Cisalfa opens new flagship store near Verona


    Italian sporting goods retailer Cisalfa has inaugurated a new flagship store in Sona, near Verona. With a surface of 2,500 sqm, it is Cisalfa’s fifth largest store in Italy, after Gugliasco, Brescia, Porta di Roma and Roma Eur. The new store, which sells products from over 100 brands, represents an ...

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    Latest StockX report gives an insight into what sneakerheads want


    Sneaker resale platform StockX has unveiled its latest annual Big Facts: 2023 Trends report, giving an insight into what’s popular in the sneaker market this year. Retro Adidas styles and character-inspired Crocs are among the best-performing trends.

  • Twice-Commerce
    News briefs

    New name for Rentle, expansion into resale


    Finnish retail rental specialist Rentle, which lists Decathlon, Rab and Scandinavian Outdoor, amongst others, as customers, has changed its name to Twice Commerce. The name reflects the platform’s expansion from purely rental into resale. There will be no change in the rental platform, but brands can now benefit from the ...

  • 360° Padel Group

    World’s top pádel retailer optimistic despite glut


    360° Padel Group has reduced its current year revenue forecast to €62 million, according to CMDsport, as the industry-wide inventory glut has sparked a margin-narrowing price war. However, by the end of 2023, it hopes to be operating more than 500 physical stores between its Pádel Nuestro and Pádel Nuestro ...

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    Lower costs, inventory benefit Grupo SBF in Q3


    Grupo SBF, which operates Brazil’s top sporting goods chain in Centauro, received a lift from lower expenses, growth within its digital channel, and lower inventory levels in Q3 ended Sep. 30. The group reported a 216 percent increase in year-over-year operating income to 168.6 million Brazilian reais (€32.1m) as net ...

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    News briefs

    Sport Conrad invests in automated warehouse and commissioning system


    With a customized Autostore system including new peripheral solutions, the German multichannel retailer Sport Conrad is increasing its efficiency and equipping itself for the future. With 16 robots and around 16,000 bins, the system from global Autostore partner and worldwide intralogistics specialist Kardex is helping Sport Conrad’s warehouse in lffeldorf ...

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    News briefs

    Decathlon City Madrid Orense expands retail space with more experiential format


    Decathlon has reopened the doors of its store in Madrid’s central Calle Orense after an expansion process, revealing a renewed and more experiential format. The store has increased its sales area by more than 50 percent to 780 sqm spread over two floors, offering customers a completely new, comprehensive experience ...