Retail insights from the sporting goods industry – Page 92
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Article
Better-than-expected profits for JD Sports Fashion
In an update on its performance through the Christmas selling period, JD Sports Fashion said that demand has remained robust throughout the second half of 2020, including the key months of November and December, despite temporary store closures in many territories. As a result, revenues for the 22 weeks to ...
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News briefs
Decathlon France will sell Brooks running products in its stores
Decathlon will be selling Brooks running products in its French stores starting mid-February. According to reports in sport-guide.com, they will be initially available in 25 Decathlon stores, mostly in the Paris/Ile de France region. Brooks products will not be available via Decathlon’s e-commerce site, though. The vertical French-based sports retailer ...
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News briefs
Russia’s Sportmaster launches a new PRO store format
Sportmaster, the leading sporting goods retailer in Russia, has opened a large new store of 5,000 square meters based on its Sportmaster PRO format– a concept focused on attracting professional athletes – in the Metropolis shopping center in downtown Moscow. It is the 14th store operating under the Sportmaster PRO ...
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Article
German winter sports retailers ask for special government aid
Rainer Angstl, the manager of Sport Schuster in Munich, and the managing directors of more than 170 other German sports retailers that depend heavily on the winter sports business have signed an open letter to the federal government, asking for subsidies based on the monthly gross profits that they are ...
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News briefs
Spy+ takes the contactless try-on to a new level
Spy+ is using Google’s Image Swirl and QR-code scanning to enable customers to try on snow goggles without ever touching them. The American action sports eyewear company, which was recently acquired by Bollé Brands, says the combination “overcomes the largest barriers to retail sales in the current shopping environment”: namely, ...
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News briefs
Intersport retailer makes a fuss over the newly extended German retail lockdown
After a consultation with the state governments, German Chancellor Angela Merkel announced on Jan. 5 that a nationwide retail lockdown for the sale of non-essential goods will be prolonged until Jan. 31 because of the ongoing high level of contaminations from the Covid-19 virus. It started on Dec. 16 and ...
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News briefs
Asics shutters its NYC flagship store
Asics has closed down for good its flagship store on Fifth Avenue in the Manhattan district of New York, which it had opened in 2017, occupying 2,035 square feet of selling space, to position itself in the city as a direct competitor of bigger sports brands like Nike, Adidas or ...
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Article
Sports & outdoor retail rose by 7.2% in the U.K. in 2020
Sports and outdoor retailers survived the Covid-19 pandemic in the U.K. last year. Spending on their products rose by 7.2 percent, according to Barclaycard, which noted in particular the boom in home fitness while gyms were closed. Home improvement items and furniture scored similar increases. In contrast, general clothing contracted ...
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News briefs
Adidas signs up top NBA Draft pick
Consolidating its position in the American basketball market, Adidas has signed up Anthony Edwards, the first overall pick in the 2020 NBA Draft, according to The Athletic. Besides Edwards, only LaMelo Ball, who is now endorsing Puma, is the only member of the 2020 draft to have signed a sponsorship ...
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Article
Adidas announces further progress on recycled materials
In 2021, more than 60 percent of Adidas’ products will be made with sustainable materials such as recycled polyester or sustainable cotton, according to the company. By 2024, the brand will only use recycled polyester. All of the cotton it uses, the company adds, has been of the sustainable variety ...
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News briefs
Adidas opposes a proposed Thom Browne mark
In its latest move to defend its Three Stripes, Adidas has filed an opposition with the U.S. Patent and Trademark Office’s Trademark Trial and Appeal Board (TTAB) against a trademark application filed by Thom Browne in February. Adidas charges that the New York-based designer intends to use a logo consisting ...
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Article
Zalando hires a “circularity director” away from H&M
Laura Coppen, who has been a major contributor to H&M’s sustainability efforts for almost five years, is joining Zalando to serve as “circularity director,” charged with implementing a program to promote greater transparency among its partner brands in the area of environmental protection. Her appointment follows a number of initiatives ...
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News briefs
An anti-trust probe against Alibaba
The Chinese government’s State Administration for Market Regulation (SAMR) has launched an anti-trust investigation against the Alibaba Group to verify charges that its marketplaces require merchants to sign exclusive agreements that prevent them from offering products on other internet platforms. At the same time, the People’s Bank of China, which ...
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News briefs
Adidas and Fear of God enter long-term basketball partnership
Adidas and Fear of God, the Californian fashion company founded and led by Jerry Lorenzo, have announced a long-term partnership that will see Lorenzo drive the creative and business strategy for Adidas basketball globally. The partnership will also solidify the establishment of Fear of God Athletics, a third sub-label of ...
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Short stops
RETAIL
+++ Go Sport has unveiled a new more digital store concept at its 1,800-square-meter location on Place de la République in Central Paris +++ Intersport has opened two new modern franchised stores with optimized visual merchandising in Switzerland, located in Sierre and Grindelwald +++ Sporthaus Saemann, a German sports retailer ...
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ArticleE-tailers and fewer ski resorts escape new anti-Covid measures
Frasers Group, the parent company of the Sports Direct chain, was the first major retailer in the U.K. to withdraw its guidance for its current financial year after the government, on Dec. 19, ordered the shutdown of all stores selling non-essential products in London and Eastern and Southeastern England. They ...
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News briefs
Sport 2000 Gigasport is Sports Retailer of the Year in Austria
Sport 2000 Austria is delighted that two of its retail members are among the three winners of this year’s Austrian sports business award, Victor. First place went to Sport 2000 Gigasport, with Bründl Sports, a former Intersport member located in Kaprun, coming in second. Sport 2000 Simon from Saalfelden made ...
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News briefs
Dubai-based GMG Group acquires Royal Sporting House
Gulf Marketing Group (GMG) has acquired Royal Sporting House from the Al-Futtaim Group. The financial details of the deal have not been disclosed. GMG Sports, one of GMG’s divisions, is described as the largest sports retailer and distributor in the Middle East, with more than 200 stores across the Gulf ...
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News briefsAdidas collaborates with a porcelain manufactory
Adidas is collaborating with Europe’s oldest porcelain manufactory, Meissen, on a very expensive leather sneaker with ceramic overlays. The ZX800 was inspired by Meissen’s “Krater” vase of 1856, with its 130 floral patterns. Of these, 15 were selected for hand-painting on each pair. One pair of the sneakers is being ...
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ArticleDigital, China and EMEA help Nike to grow strongly
The Nike group reported good results for its second fiscal quarter ended on Nov. 30, boosted by sharply higher online sales and double-digit growth in the EMEA region and China. On a constant-currency basis, the Nike brand’s sales rose by 8 percent to reach a level of $10,700 million, driven ...
