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Zumiez shifts European strategy, reports FY23 loss on lower sales
Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors. “With ...
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Blue Tomato expands presence in Italy: three new stores opened
After entering the Italian market with the opening of its very first store in Trento last May, Austria-based board sports and lifestyle specialist Blue Tomato, part of US-based Zumiez, has opened three more stores in Milan, Bergamo and Udine before the end of 2023. With over 850 employees and more ...
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Refurbed expands into the second-hand sporting goods market
Founded in Vienna in 2017, the Refurbed scaleup has already established itself in seven European markets, including Austria, Germany, Sweden and Italy, by reselling reconditioned second-hand technology, especially computers, tablets and smartphones. At the end of 2022, the marketplace also began offering reconditioned city bikes and e-bikes in Germany, followed ...
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SGI Europe Executive Edition: Vol 35 - 1+2
Wolverine Worldwide on expected FY course, update on transformation | Amer’s Arc’teryx brand key to sales growth in China | JD Sports cuts profit forecast due to weak consumer spending | Footway Group announces extraordinary general meeting, restructuring nearing completion | Crocs expects record revenues, raises FY guidance | Uvex Sports Group with new executive management | Xponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan | A challenger rises in Spanish pádel e-tail
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Zumiez updates quarter-to-date sales
Zumiez, the parent of the Blue Tomato retail chain, reported a 4.2 percent increase in international net sales, consisting of revenues generated in Europe and Australia, for the nine weeks ended Dec. 30. However, comparable international sales were down 4.2 percent for the period. Group sales fell by 6.6 percent ...
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Analysis: The top sporting goods industry performers by sales and profits in Q3 2023
Aggregate net income is down in every sector except one, with two big names shaping overall revenue. Find out more with our latest scorecard.
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SGI Europe Executive Edition: Vol 34 - 47+48
Lululemon eyes men’s, footwear as key growth opportunities | Frasers confident in strategy despite short-term challenges for premium lifestyle biz | EU bans destruction of unsold textiles, footwear | Analysis: The European Sports Retail Market | Zumiez braces for FY loss despite higher Blue Tomato sales | Dutch business of JD Sports declared bankrupt | Irving invests in sneaker marketplace Kicks Crew | WFSGI to tackle physical inactivity with new strategic plan for the sporting goods industry | WeSports invests in Tretorn and Thevea Group | Under Armour makes proprietary fiber-shed test method publicly available | Puma announces partnership with New Zealand Football Association | Atleet flying high for Tréndico | Puma turns sneakers into compost | Reebok is preparing a new digital sneaker | Women’s elite sport revenues to surpass $1bn for the first time in 2024 | Prowinter presents program of upcoming trade show in Bolzano | Sports eyewear market to post 7.3% CAGR by 2027, says new report
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Belgium gets its first Blue Tomato retail store
Austrian board sports and lifestyle specialist Blue Tomato has opened its first store in Belgium. The 240-sqm shop is located in the center of Antwerp, on the historic Wiegstraat. Of the decision to open a store in Belgium, Tillmann Ruprecht, Director of Sales and Service at Blue Tomato, said: “Antwerp, ...
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Zumiez braces for FY loss despite higher Blue Tomato sales
Zumiez is now forecasting a full-year net loss and annual sales to fall more than 8 percent after reporting a net loss of $2.23 million against a profit of $6.9 million in Q3 ended Oct. 28. The operating loss was $157,000 against $10.4 million as gross margin contracted 70 basis ...
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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 ...