All Russia articles – Page 3
-
ArticleDecathlon sells some stores but reportedly stays in Russia
The Russian Ministry of Industry and Trade announced that the French sporting goods retailer Decathlon had not notified the Russian authorities of its plans to leave the country altogether. A few days earlier, the Russian newspaper Izvestia reported that Decathlon had agreed on the terms of the deal to sell ...
-
News briefsAnta Rus opens flagship store in Moscow
Anta Rus, the Russian distributor of Chinese sporting goods company Anta Sports, has launched a 360-sqm store in Moscow, which the company said is going to serve as the flagship for the brand on the local market. The outlet is the biggest mono-brand Anta store not only in Russia but ...
-
ArticleAdidas to sell Russian business
Adidas mulls selling its Russian business to another foreign investor or passing it to local management, Russian newspaper Kommersant reported, citing sources on the local market. One of the sources claimed that the eventual target is to relaunch the 100 most profitable stores, which have stood idle since October 2022. ...
-
News briefsRussian market lost nearly 20% of fitness equipment suppliers
Since March 2022, almost every fifth fitness equipment supplier from Europe and the U.S. has curtailed operations in the Russian market. Currently, a large share of fitness equipment is imported to the Russian market through parallel import schemes, a study conducted by the Russian National Fitness Community (NFS) showed. For ...
-
ArticleRussia has seen sharp decline in sporting goods sales in 2022, new survey shows
After the departure of the key foreign brands, including Nike, Adidas, Reebok and Decathlon, from the country, Russian sporting goods experienced a 40 percent drop in sales in monetary terms in 2022 compared with the previous year, a survey conducted by Tinkoff Data, a consulting branch of a local privately-owned ...
-
ArticleDecathlon goods return to Russia
Russian marketplace CDEK.Shopping has started selling Decathlon merchandise in Russia, the company said on March 10. Currently, nearly 50,000 items, or 80 percent of Decathlon’s total assortment, are available to Russian customers. The offer includes items under the Decathlon and Quechua brand names as well as Regatta, Hummel, Caperlan, Domyos, ...
-
ArticleRussia considers more tariffs on sporting goods from ‘unfriendly countries’
Russia is contemplating the imposition of protective tariffs on sporting goods imported into the country from “unfriendly countries,” according to Dmitry Kolobov, head of the Department of Important Social Goods at the Russian Ministry of Industry and Trade. Affected countries, in the Russian government’s view, are those that it says ...
-
ArticleSportmaster rejects takeover of former Russian Decathlon chain
Russia’s largest sporting goods retailer Sportmaster has declined Decathlon’s offer to purchase its BlueBox chain of stores, which has stood idle since the middle of 2022, an anonymous source in Sportmaster told the Russian newspaper Izvestia. “Firstly, our stores are located close to each other, which is disadvantageous. Secondly, the ...
-
News briefsUkraine could boycott Paris 2024 if Russia and Belarus are allowed to compete
The Ukrainian sports minister, Vadym Guttsait, has warned that the country could boycott the 2024 Paris Olympics if athletes from Russia and Belarus are allowed to compete. The announcement comes on the heels of the International Olympic Committee (IOC) on Jan. 25, saying it was favoring “a pathway for athletes’ ...
-
News briefsDespite the turbulence, Russia's Kant says business was good in 2022
Last year, Russian sporting goods retailer Kant saw an improvement in its operational performance, according to Maxim Vinogradov, owner of Kant. “We see an overall decline in sales on the [Russian sporting goods] market, but thanks to the withdrawal of some competitors, those who stayed see their sales and revenue ...
-
ArticleNike’s former partner in Russia opens new sporting goods chain
Inventive Retail Group (IRG) has opened the first five stores of its new Hiker outdoor and sporting goods retail chain in Russia. IRG is the country’s largest retail group, specializing in developing stores of leading Western companies in Russia, including Apple, Samsung, Lego and Nike. Hiker’s assortment consists of several ...
-
News briefsSportmaster launches winter gear rental service
Sportmaster, Russia’s largest sporting goods retailer, has launched a new winter equipment rental service. Available items include snowboards, cross-country skis, skates and field hockey equipment. For example, a Termit Fastlane snowboard with Stream bindings can be rented for 310 rubles (€4.20) per day or 5,850 rubles (€78.70) per month. Nordway ...
-
ArticleThe crisis is shaping supply on the Russian sporting goods market
Western brands are increasingly withdrawing from the Russian market, while local brands are reportedly expanding their presence. Helly Hansen joins a long list of Western companies that have severed ties with the Russian market by selling its business to top local managers. Russian newspaper Vedomosti believes the value of the ...
-
ArticleSportmaster unfolds plans to expand the range of Chinese sporting brands
Russia’s largest sporting goods retailer is looking for alternative suppliers to replace Western brands that have withdrawn from the Russian market. Urban Vibes, a chain owned by Sportmaster, plans to start importing a number of Chinese brands, including Li-Ning and 361, Russian newspaper Kommersant reported, citing sources close to the ...
-
News briefsNike stores in Russia reopen under new name
The first Nike store was re-opened in Russia under the banner “NSP” (Nike Sport Point) in the Belaya Dacha Outlet Village in Moscow. The store manager, Diana Tesnitskaya, told the news agency Ruptly that the store opened on the premises of the former one. “The goods are all the ...
-
News briefsMore sanctions against Belarus considered
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining […] Belarus’ role and the ...
-
News briefsGermany decides on energy price cap, effective 2023
German energy price caps announced by Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households and ...
-
ArticleMobilization spurs demand for sports and outdoor products on the Russian market
The Russian market experienced a boom in demand for sporting and outdoor goods since Sept. 21, when the Russian president declared the first mass mobilization in the country since the second world war. The demand for military ammunition has sharply risen in Russia, and the price of sporting and outdoor ...
-
ArticleSanctions deprive Russian athletes of much-needed apparel
Russian athletes barred from most international competitions following the Russian invasion of Ukraine now experience a shortage of apparel for training and performing. To meet the demand for athletic apparel for the near future of the Russian Olympic sports federations, investments of 2.5 billion roubles (€42m) are required, said Vasily ...
-
ArticleConsumer confidence at historic lows in Europe
Consumer confidence has taken a dive in Europe. The European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) has produced a flash estimate for September, according to which the indicator has “resumed its steep downward trend, dropping by 3.5 points in the EU and 3.8 points in the euro ...
