Retail
Everything you need to know about the latest developments in retail. Whether it's about brick and mortar, e-commerce, or multichannel, we keep you updated.
The latest news on retail
Ski equipment market to post 4.33% CAGR by 2028, says new report
Research and advisory firm Technavio estimates the global ski equipment market size to grow by $430.2 million from 2024-2028.
Munich opens two stores in Spain
Munich has opened two stores, in the Spanish cities of Madrid and Girona, according to TradeSport and Palco23.
No company sells more clothes in Spain than Shein
Shein appears to have become the top online retailer for fashion in Spain, where it has surpassed Zara and H&M, as well as in Italy, Greece and Portugal, according to Diffusion Sport, which cites figures from the consultancy ECDB.
A new era in Google search
Google is introducing a new form of search result called Search Generative Experience (SGE). It might change e-commerce.
XXL reports stronger gross margin, lower sales in Q1
XXL ASA, which reiterated its objective to deliver 500-750 million Norwegian kroner (€43.9-65.8m) in Ebitda improvement over the next 12 to 15 months, delivered stronger gross margins but lower sales in Q1. It was the ninth consecutive quarter with negative growth for the Norwegian group that faced a difficult year-over-year ...
NewStore has a new CEO
NewStore, a leading omnichannel store solution from Boston, Massachusetts, with offices in Berlin, Germany and Utrecht, Netherlands, appointed Mike DeSimone as its new CEO. NewStore Founder Stephan Schambach will remain Chairman of the Board, ensuring that the company continues to evolve in line with his vision to make omnichannel simple. ...
Decathlon UK partners with media agency Fifty
Decathlon UK has announced Fifty as its new media agency. The new agreement will see the sporting goods retailer and manufacturer leverage Fifty’s artificial intelligence (AI)-powered audience insights technology for its media planning. Fifty will develop and execute Decathlon UK’s integrated media strategy across all media and channels.
Retail Analysis
The world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers has the revenue of 50 companies and ranks their growth compared with last year.
Footway publishes Q2 report, announces sale of Footway+
As part of the previously announced strategic review, the Board of Directors of Footway Group AB has decided to sell Footway+ with preferential rights for the company’s shareholders.
Gymshark open up new London flagship store
British multinational sports apparel retailer Gymshark has opened its second flagship store in Stratford.
361 Degrees’ e-comm continues to exceed expectations in Q2
Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said.
After disappointing Q2 report – XXL’s CEO: “We will cut more in 2024”
SGI Europe spoke to XXL’s CEO Freddy Sobin soon after the company released its Q2 report for 2024, which the company called ”disappointing.”
POC launches digital DTC flagship store
POC has launched a flagship DTC online store this June serving 35 countries in four languages and supporting 13 currencies.
XXL Q2 sales disappoint, but signs of improvement in Sweden, Norway
XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...
Foot Locker to open its first India store in Delhi
American athletic retailer Foot Locker will open its first brick-and-mortar store in India at the Nexus Select CityWalk Mall in Saket, New Delhi.
Onitsuka Tiger celebrates on Champs-Elysées
Days before the 2024 Summer Games begin, Onitsuka Tiger will start celebrating its 75th anniversary at the Hôtel Onitsuka Tiger in Paris.
Craft cooperates with Galeria
Craft Germany, part of the Swedish New Wave Group, is further expanding its presence in German retail through a cooperation with Galeria: With a recently opened 80sqm space at Galeria Rosenheim, the brand presents its entire product portfolio from the categories running (footwear and apparel), bike, training and cross-country skiing. ...
Ski equipment market to post 4.33% CAGR by 2028, says new report
Research and advisory firm Technavio estimates the global ski equipment market size to grow by $430.2 million from 2024-2028.
Sprinter continued to grow in FY23
According to Diffusion Sport, Sprinter generated €585.8 million in sales for its full year 2023, which extended from February 2023 to January 2024. This figure represents a rise of 13 percent year-on-year and 100 percent from the pre-lockdown year of 2019.
PIF seeks 50 percent of Selfridges
Saudi Arabia’s Public Investment Fund has reportedly offered to raise its stake in the department store chain.
Intelligence, analysis and advice for the global sporting goods industry.
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