• Interview with Kant’s VP: “The holy place is never empty”
    C-Suite Interview

    Interview with Kant’s VP: “The holy place is never empty”

    2024-02-19T08:24:00Z

    An interview with Maxim Vinogradov, VP of Russia’s retailer Kant.

  • Russian major marketplace kicks off sporting goods project
    News briefs

    Russian major marketplace kicks off sporting goods project

    2023-12-08T13:59:00Z

    Source: megamarket.ru Konda footwear Megamarket, a marketplace developed by Russia’s biggest state bank Sberbank (formerly communicated as SberMegaMarket), has launched its sporting goods brand Konda. So far, it includes only five shoes for running, but the company promises to gradually expand the offered range. By the end ...

  • Russia’s Sportmaster tests a new store format
    Article

    Russia’s Sportmaster tests a new store format

    2023-12-08T10:16:00Z

    The largest Russian sporting goods retailer, Sportmaster, plans to launch 250 stores in a mini format in towns with a population of up to 50,000 people. All mini-stores will be established exclusively under franchise agreements, as the company prefers not to waste resources on expansion into Russian provinces. The first ...

  • Frasers confident in strategy despite short-term challenges for premium lifestyle biz
    Article

    Frasers confident in strategy despite short-term challenges for premium lifestyle biz

    2023-12-08T07:44:00Z

    UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...

  • SGI Europe Executive Edition: Vol 34 - 37+38
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 37+38

    2023-10-05T06:13:00Z

    Nike says it’s “turning the corner” toward greater profitability | On’s 3-year financial outlook, aims to become “most premium, global sportswear brand” | SSU accelerates strategic realignment, delists shares from NYSE, new CEO | JD Sports on track for FY profit rise as premium sneaker demand holds up | Intersport Austria with record sales in crisis year 2022/23 | E-commerce sales continue to grow in Europe but at a slower pace | Lululemon and Peloton strike fitness content and apparel deal | Head climbs to number one in tennis racquet sales in Europe | Lululemon releases latest Impact Report | Carbios inaugurates textile recycling facility in France | Major Russian marketplace unveils ambitious plans for sporting goods retail development | Safilo and Amazon launch new smart glasses with Alexa for the US market | FIS joins Sports for Nature Framework | Recap of the Ski Industry Climate Summit 2023

  • Sportmaster launches Russia’s first sporting goods marketplace
    News briefs

    Sportmaster launches Russia’s first sporting goods marketplace

    2023-09-21T12:46:00Z

    Russia’s largest sporting goods retailer, Sportmaster, has rolled out the country’s first marketplace focused exclusively on the sale of sporting and outdoor goods. The service was launched on Sportmaster’s website in the form of a separate page. The marketplace does not yet have a standalone name, and so far only ...

  • Crisis shapes Russian sporting goods retail
    Article

    Crisis shapes Russian sporting goods retail

    2023-08-29T13:57:00Z

    Russian sporting goods retail underwent tectonic changes as several of the world’s leading brands pulled out from the country, and numerous businesses struggled to fill the gap, a marketing study conducted by the Moscow-based consultancy Retailer showed. Adidas, Nike, Reebok and Decathlon’s departure from Russia triggered a 40 percent slump ...

  • Frasers scores double-digit FY23 revenue gains in all segments
    Article

    Frasers scores double-digit FY23 revenue gains in all segments

    2023-07-31T13:53:00Z

    U.K. retailer Frasers Group, bolstered by acquisitions and a strong performance from its core Sports Direct business, generated a 61 percent increase in annual operating profit to £531.8 million (€613.2m) for the 53 weeks ended April 30. Adjusted profit before tax rose by 41 percent to £478.1 million. FY gross ...

  • Russian sporting goods retailers Lestate and Sportmaster launch private label lines
    Article

    Russian sporting goods retailers Lestate and Sportmaster launch private label lines

    2023-07-17T13:35:00Z

    Russian sporting goods company Lestate has submitted an application to the state patent agency Rospatent to register its own brand Rank. At the same time, the Russian largest sporting goods retailer rolled out plans to register the third line of sporting goods under the Athlex brand. Goods under the Rank ...

  • Sportmaster takes over one Decathlon store, while Russian offshoot reportedly sold and reopening
    Article

    Sportmaster takes over one Decathlon store, while Russian offshoot reportedly sold and reopening

    2023-06-22T07:41:00Z

    Russian sporting goods retailer Sportmaster has opened a new store under the Sportmaster Pro banner in the Raduga Park shopping center in Yekaterinburg, taking over a location previously occupied by Decathlon. This is the first time that Sportmaster has taken the place of the French retailer. In early 2023, the ...