Retail insights from the sporting goods industry – Page 85
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Article
Fast-growing Time2padel expands in Italy, Sweden and Chile
Time2padel, a Spanish pádel retailer which also owns the Padelmania banner, is embarking on a major international retail expansion through franchises and “corner” shops at pádel clubs, according to a report in CMDsport. This year in Italy it will be adding two new franchises, in Naples and Palermo, to the ...
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News briefs
Fútbol Emotion partners with Nike for a deal with the Huesca club
Fútbol Emotion and Nike have signed a joint deal with the SD Huesca football club, which plays in La Liga. For the next four seasons, Fútbol Emotion will be supplying Nike apparel to the men’s, women’s and youth divisions of the club, along with its staff and the Fundación Alcoraz, ...
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News briefs
Sports Direct opens an “elevated” flagship store in London
As part of the chain’s “elevation strategy,” Sports Direct is reopening its flagship store on London’s Oxford Street, which it inaugurated in 2014, after a major £10 million (€1.2m-$1.4m) refurbishment carried out in the last six months during the recent Covid-related retail lockdowns. Two other flagship stores are due to ...
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Case StudyDecathlon rolls out its marketplace in Europe
Decathlon is making a soft launch of its new online marketplace in Spain, Germany and the U.K., after a satisfactory response to a test that started in Belgium in December to complement its offer of private label items. The Spanish project is starting with a selection of about 30 brands ...
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News briefs
Decathlon expands to Western Canada
Decathlon, which already has eight stores in the eastern part of Canada, is expanding to the western part of the country with a big store and distribution center in Calgary. The 70,000-square-foot store and warehouse will occupy the second floor a former Sears department store in the Southcentre Mall of ...
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News briefsFoot Locker is redesigning its staff jerseys
Foot Locker Europe is redesigning the “Striper” jersey worn by clerks at its stores. To this end it has hired Highsnobiety, which provides what it calls audience insight, category analysis, brand strategy, go-to-market planning and integrated campaigns. This media company is in turn hiring “local sneaker and streetwear brands” to ...
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News briefs
What will football look like by 2024?
Decathlon is providing interesting insights into what the game of football may look like in 21 years, with most spectators following matches in smaller stadia or through an immersive experience over the internet. For example, contact lenses on the eyes of a player could allow future spectators to see what ...
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News briefs
WIT Fitness collaborates with CrossFit
WIT Fitness, a six-year-old online and offline multi-brand retailer based in London, has signed a global multi-year e-commerce and retail partnership with CrossFit. WIT will operate an online CrossFit store and support CrossFit with in-house products in the future. WIT has only two physical stores in London for the moment, ...
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Article
A vertical in Vancouver buys Reigning Champ in the same town
Aritzia, a vertically integrated designer and retailer of everyday women’s luxury clothing, has agreed to acquire Reigning Champ, a designer and manufacturer of premium athletic wear for men and women. Like Arc’teryx or a much larger vertical sports apparel company, Lululemon Athletica, both companies operate out of Vancouver. Founded in ...
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Article
New criticism for JD Sports’ executive compensation policy
New criticism has emerged against the compensation package agreed for Peter Cowgill, the forceful executive chairman of JD Sports Fashion. A shareholder advisory service, Glass Lewis, is calling on investors to vote against the “inappropriate” pay policy of the company, which is controlled by the Pentland Group, at its annual ...
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News briefs
Sergio Longoni of DF Sport is honored by the Lombardy region
Sergio Longoni, the head and founder of DF Sport Specialist and Bicimania, has received an honorable mention at the Premio Rosa Camuna 2020 (Camunian Rose Award). The award, established by Lombardy’s regional council, recognizes each year those who have distinguished themselves for industriousness and creativity and their contribution to the ...
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News briefs
Sport-Tiedje grew by 55% last year, thanks to e-commerce
The German-based Sport-Tiedje Group, which claims to be still Europe’s largest retailer for home fitness products, has reported a 55 percent sales increase to €203 million for last year, with growth in all European countries, as higher online revenues compensated for the partial closure of its 65 stores in the ...
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Case StudySSU will take over Wiggle and go public as the world’s leading sports e-tailer
Signa Sports United (SSU), the big international sports e-tailer based in Berlin, has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly-traded special purpose acquisition company (SPAC) based in Los Angeles, to finance the acquisition of Wiggle Chain Reaction Cycle, alias Wiggle CRC, a big U.K.-based bike ...
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News briefs
Decathlon France and Ibis Budget launch the Smart Sport Tour
Train Me, Decathlon’s coaching platform and the Ibis chain of low-cost hotels are launching the “Smart Sport Tour.” Starting on June 12, 52 Ibis Budget hotels in France will be proposing fitness sessions for free. These sessions will include easy exercises accessible to everyone. Decathlon fitness accessories will also be ...
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News briefs
New CEO for Decathlon USA
Christian Ollier, who has worked for Decathlon for 15 years, has been elevated to the position of CEO of Decathlon USA. He takes the place of another company veteran, Michel D’Humières, who is said to be moving to handle other projects inside the world’s largest sporting goods retail chain. Ollier ...
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News briefs
Online sales account for 17.3% of El Corte Inglès’ retail sales
El Corte Inglés, the leading Spanish department store chain, is a major factor in the country’s sporting goods market. The company reported a 19 percent decline to €10.52 billion in revenues from its retail business in the 2020 financial year, due to the Covid-19 pandemic. The drop would have been ...
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ArticleBike and sports e-tailer Bike24 plans to go public in 2021
In September 2019, The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from a big British cycling e-commerce operator, Wiggle CRC. The private equity company had sold the continental European cycling online platform to the British industry giant in 2017, but that ...
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News briefsPinterest brings shopping functions to France, Germany, Canada and Australia
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany later this year. Users will thus have the opportunity to buy products directly via pins, pinboards and ...
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News briefsEU modernizes VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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ArticleIntersport lays out a three-part strategy for Spain
Intersport Spain has set forth a strategic plan for the next three years, 2021-23, to bolster its brand and rejigger its inner workings.
