Retail insights from the sporting goods industry – Page 9

  • Footway

    Footway Group presents reorganization plan


    After the Swedish Footway Group AB filed for voluntary company reorganization in July, the company submitted a preliminary reorganization plan to its creditors at the beginning of November. The plan includes a proposal for debt relief of approximately 70 million Swedish kroner (€6.02m) and a new share issue of the ...

  • WeSports RunningXpert
    News briefs

    WeSports acquires RunningXpert, prepares Keller Sports relaunch with customer-centric concept


    WeSports announced the acquisition of a stake in RunningXpert, a Danish running specialist that operates the stores Lø, Lö and RunningXpert claims to be the leading running specialist in the Nordic region, with a turnover of €35 million in 2022. The company currently serves over 1 million active runners ...

  • Intersport_LOGO
    News briefs

    Bid under review for 25 French Intersport, two Go Sport stores


    According to France’s Authority on Competition (Autorité de la Concurrence), Schiever, an international retail group based in Burgundy, is looking to acquire full control of 25 Intersport stores (20 retail stores and five outlets) and two Go Sport stores – as well as four stores of the ready-to-wear chain Blackstore. ...

  • Voswinkel Cisalfa

    Intersport Germany sells Sport Voswinkel to Italian retailer


    Intersport Deutschland eG (Intersport Germany) announced on Nov. 8 that it has signed an agreement on the sale of Sport Voswinkel GmbH & Co. KG to Cisalfa Sport S.p.A. by the end of 2023. “We are very pleased that we can place Sport Voswinkel GmbH & Co. KG into the ...

  • HDE consumption barometer
    News briefs

    German consumer sentiment worsens


    Despite a certain stabilization in the economy as a whole, consumer sentiment in Germany fell noticeably for the first time in twelve months in November, according to the latest consumer barometer from the German Retail Association (HDE). As a result, private consumption is no longer expected to stimulate growth in ...

  • eBay-Logo
    News briefs

    ​eBay exceeds expectations in Q3


    eBay Inc. reported revenue of $2.5 billion, up 5 percent on an as-reported basis and up 5 percent on an FX-neutral basis, for its third quarter ended Sept. 30, 2023. “We delivered another quarter of solid results and have accelerated the pace of innovation across eBay,” said Jamie Iannone, Chief ...

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    News briefs

    Signa Holding: Benko steps down, hands over chairmanship to restructuring expert


    As the company announced on Nov. 8, 2023, Austrian real estate investor René Benko has stepped down as Chairman of the Advisory Board of Signa Holding and handed over the chairmanship to Arndt Geiwitz. The German restructuring specialist is also taking over the chairmanship of Signa’s shareholders’ committee, as reported ...

  • SSU Questionmark

    SSU: Business as usual for Tennis-Point and Internetstores – and what else?


    In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...

  • amazon-logo
    News briefs

    Amazon posts 13% sales increase and more than triples net income in Q3


    Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...

  • Russian flag
    News briefs

    Sports Minister: Russian market’s dependence on imported athletic apparel is nearly absolute


    Russian dependence on imported athletic apparel and sports nutrition remains close to 90 percent, Oleg Matsisin, the Russian Sports Minister, said during a meeting with Russian President Putin. Russian analogs of athletic apparel good enough for high-level performances are available in limited quantities. There is only a limited range of ...

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    Former Decathlon stores to re-open doors in Russia


    Former Decathlon stores are scheduled to be re-launched in Russia from December 2023 under the brand name Desport, Russian state news outlet Tass reported, citing sources close to ARM, the new owner of the retail chain. The product range will be formed gradually and include ARM brands, as well as ...

  • crocs

    Crocs taking steps to reset Heydude business


    There will be some immediate pain, largely negative wholesale growth in Q4, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the ...

  • Zalando_logo.svgz

    Zalando turns nine-month net profit


    Berlin-based e-tailer Zalando reports a net profit of €10 million against a €82.7 million loss in the year-ago period. The group described the first nine months of its financial year as “characterized by the normalization of e-commerce penetration, ongoing pressure on consumers’ disposable income, and a delayed fall/winter season start ...

  • 2560px-Signa_Holding_logo.svgz
    News briefs

    Signa Holding also facing challenges


    The slowdown in the real estate market is hitting René Benko’s Signa Holding severely, according to an article in the Austrian magazine News. Signa Holding is an investment holding company operating in the real estate, retail (Galeria Kaufhof, Signa Sports United (SSU), KaDeWe) and media (minority stake in Austrian newspapers ...

  • 1440-rapture
    News briefs

    UPS to acquire reverse logistics specialist Happy Returns from PayPal


    UPS has announced that it is acquiring Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that provides merchants and consumers in the U.S. with a hassle-free, boxless and label-free returns experience. “By combining Happy Returns’ easy digital experience and established drop-off points with ...

  • XXL-logo

    XXL misses target in Q3: “Neither proud nor satisfied”


    Source: XXL Freddy Sobin CEO Freddy Sobin, in office since May 2023, began the presentation of XXL ASA’s Q3 financial report by saying, “We are neither proud nor satisfied with the results.” The retail company’s sales fell 10.2 percent in the third quarter. At the same time, ...

  • Boardriders Rental Logo
    News briefs

    Quiksilver and Roxy launch apparel rental service in France


    As reported by the website Apparel Resources, boardsports brands Quiksilver and Roxy have launched an online rental service in France under the label “Boardriders Rental.” The website offers high-quality performance apparel for men, women and children for rent. François Latterrade, Head of Quiksilver Europe, told the website that the rental ...

  • super-retail-group

    Super Retail Group updates year-to-date sales


    Super Retail Group, the Australian parent of Rebel Sport, BCF and MacPac, reported a group sales increase of 4 percent for the first 16 weeks of FY24 that began Aug. 1, and a year-over-year comparable sales increase of 2 percent against 20 percent growth in the same FY23 period. Online ...

  • laura-chouette-lYFWRIwOj9c-unsplash

    E-commerce dominates sports apparel distribution channels, new report suggests


    According to a new report by Research and Markets, the global sports apparel market is projected to reach a value of US$208.47 billion by 2023, driven by a compound annual growth rate (CAGR) of 6.10 percent during the 2022-2026 forecast period. The increasing penetration of e-commerce, the fastest-growing segment during ...

  • tingey-injury-law-firm-6sl88x150Xs-unsplash
    News briefs

    Collaboration between Amazon and luxury brands leads to guilty plea from international counterfeiter


    Information and evidence provided by Amazon’s Counterfeit Crimes Unit (CCU) and other luxury brands, including the Prada Group, to Chinese law enforcement has led to a counterfeit seller’s guilty plea to crimes related to the sale of counterfeit luxury products. Amazon has described the collaboration as “a unique and landmark ...