Retail

News about retail within the Sporting Goods industry supply chain

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ANWR Media promotes Tim Wiese to management board

2022-09-30T08:15:00+01:00

Tim Wiese, in charge of the e-commerce activities of Sport 2000 GmbH (a subsidiary of ANWR Media GmbH), will be appointed to the management of ANWR Media by the ANWR Group’s executive board on Oct. 1. He will lead the company together with Michael Decker.

  • PGA Tour Superstore

    PGA Tour Superstore makes two changes at the top

    2022-09-29T09:07:00+01:00

    There have been two executive changes at golf and tennis specialty retailer PGA Tour Superstore, as reported by our colleagues at the American edition of SGI. President and CEO Dick Sullivan has become executive chairman and CEO, and chief merchandising officer Jill Spiegel has become president.

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    Mike Ashley stepping down at Frasers

    2022-09-21T14:23:00+01:00

    Sports Direct founder Mike Ashley is renouncing the directorship of Frasers Group and will not be standing for re-election. He will therefore be stepping down at the end of his term, which coincides with the annual general meeting of Oct. 19.

  • JD Sports Fashion

    JD Sports Fashion reaches deals with its former executive chairman

    2022-09-21T13:14:00+01:00

    JD Sports Fashion says that it has come to an agreement with its former executive chairman, Peter Cogwill, whom it obliged to step down in May after an internal review of its management.

  • El Corte Inglés logo

    Sales up by 22% at El Corte Inglés for FY 2021

    2022-09-20T12:56:00+01:00

    El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million.

  • Sprinter opens two Iberian stores, plans seven more

    2022-09-19T15:28:00+01:00

    At the start of this month Sprinter opened two new Iberian stores, in Alcantarilla and Andorra, according to Diffusion Sport.

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    Corinne Gensollen named new chair of Intersport International

    2022-09-13T09:40:00+01:00

    At its annual general meeting in Helsinki, the delegates of the national Intersport organizations voted for Intersport International Corporation’s (IIC) new board of management. Rick White was re-elected as an independent IIC board member from Canada. At the same time, Corinne Gensollen (France) and Volfango Bondi (general manager of Intersport ...

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    Reducing energy costs in European retail: a colder, darker winter

    2022-08-25T11:38:00+01:00By Susanne Kern

    With energy prices skyrocketing and the need to replenish gas reserves before winter, everyone is doing their part, and global energy conservation measures have already been taken in the retail sector. While customer service and satisfaction are top priorities in retail, stakeholders may be reluctant to engage in actions that ...

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    Association of Golf Merchandisers partners with Elastic Suite

    2022-08-23T07:05:00+01:00

    The Association of Golf Merchandisers (AGM) and Elastic Suite, a subsidiary of Emerald Holding, have announced a new partnership that names Elastic Suite as the presenting “Diamond Level” sponsor of AGM’s certified retail management program, one of the association’s educational resources for golf retailers. AGM, headquartered in Phoenix, Arizona, is ...

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    The Norwegian Sports Retail Market

    2022-08-22T07:58:00+01:00

    This interactive chart shows the largest Norwegian sports retailers by revenue in thousand NOK (2020 and 2021) as well as the total market size 2020, 2021 including market shares. This chart can be downloaded as JPG, PNG or PDF.

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    Income soars at Planet Fitness

    2022-08-12T07:50:00+01:00

    Net income at Planet Fitness was up by 67 percent for the second quarter of this year and by 105 percent for the half, reaching €25.1 million and $43.4 million, respectively. The U.S. gym franchisor and operator’s revenues for the quarter and half amounted to $224.4 million (up by 63.5%) ...

  • Base Detall Logo

    Sales up for H1 at Base Detall Sport

    2022-08-08T09:20:00+01:00

    Sales for the first half of 2022 were up by 14 percent year-on-year at Base Detall Sport, according to Palco23. The Spanish buying group’s sell-out for the period was up by 10.5 percent. Base attributes this success to the three-part plan – verticalization, digitalization, and expansion – that it adopted ...

  • Pou Sheng International

    Pou Sheng warns on significant H1 decline

    2022-08-01T07:32:00+01:00By Bob McGee

    Pou Sheng Intl., the retail subsidiary of Yue Yuen, issued a revenue and profit warning for the first half ended June 30, citing persistent Covid-related restrictions in China that impacted consumer traffic and sentiment during the six months.

  • Revenues up 71% year-on-year in H1 at ISRG

    2022-07-29T14:16:00+01:00

    For the first half of the year, Iberian Sports Retail Group (ISRG) has posted sales of €621 million, for a year-on-year increase of 71 percent. A joint venture between Britain’s JD Sports (50%), Portugal’s Sonae (30%) and the Segarra family (20%), ISRG handles the business of the Sprinter, Sport Zone ...

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    Loans to help Pádel Nuestro expand in Sweden

    2022-07-28T14:46:00+01:00

    Pádel Nuestro has secured two loans whose total of €2.84 million will go towards acquiring real estate, inventory and other costs associated with opening own stores in Sweden’s big cities. The group has six Swedish stores already, all of them franchises.

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    German retail association rejects new lockdowns in fall

    2022-07-27T15:58:00+01:00

    HDE (German Retail Association) and ZIA (Central Real Estate Committee, the umbrella organization of the German real estate industry) have published a strategy paper in which they jointly formulate specific demands to policymakers to prevent a repetition of the past two fall/winter seasons. These include an exemption from lockdowns or ...

  • Under Armour

    UA revamps retail in Spain, opens brand store

    2022-07-25T09:41:00+01:00

    Under Armour (UA) has opened its first own store in Spain, according to CMDsport. Located at the Westfield La Maquinista mall in Barcelona, the store covers 450 square meters and sells men’s and women’s apparel, shoes and accessories for fitness, running, basketball and other sports.

  • JD Sports Fashion

    JD Sports re-affirms FY Ebit guidance, continues CEO search

    2022-07-22T15:34:00+01:00

    Updating its June 22 statement on year-to-date results, JD Sports said total sales in the group’s like-for-like businesses were 5 percent ahead of year-ago levels through June 30. With the positive result, JD is maintaining a performance outlook that calls for profits before tax and exceptional items for the fiscal ...

  • Deporvillage

    Deporvillage’s 11-year growth streak ends

    2022-07-22T07:54:00+01:00

    In January, when we last checked in with the Spanish multichannel sports e-tailer, Deporvillage had wrapped up an 11th consecutive year of growth. Annual revenues for 2021 were up year-on-year by 40 percent. Things have now changed.

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    Zalando promotes Christoph Lütke Schelhowe to GM DACH

    2022-07-21T16:11:00+01:00

    After last week’s resignation of Florian Jodl, Zalando has revealed his successor. Christoph Lütke Schelhowe, a former McKinsey associate principal, will be Zalando’s new general manager for the German-speaking markets. Schelhowe has been with the company for almost ten years in different positions, most recently VP, demand – customer acquisition ...

  • Instagram In chat payment

    Instagram offers in-chat payment

    2022-07-20T09:12:00+01:00

    Small businesses should now be able to transact business in Instagram chat, Meta, Instagram’s owner, has announced. Meta seeks in this way to support businesses that do not have their own Instagram store.

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    Pádel Nuestro has a new owner, looks to Japan and the U.S.

    2022-07-18T13:04:00+01:00

    Business is brisk in pádel. As Technifibre CEO Nicolas Préault said in our recent interview with him, “Padel is booming as l have never seen a sport boom before.”

  • Tennis Point

    Tennis-Point hopes to have 15 stores in Spain by 2024

    2022-07-18T13:03:00+01:00

    Tennis-Point – a Signa Sports United company, which has set its sights on €13.5 to €14 million in annual sales – will be opening three stores, two of them big, in the last third of the current year. Speaking with CMDsport, its chief executive for Spain, Miquel Just, says ...

  • JD Sports Fashion

    ​JD Sports to build new headquarters with space for 2,000 employees

    2022-07-14T07:01:00+01:00

    As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...

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    ​Pádel Nuestro to open world’s largest pádel store

    2022-07-13T07:41:00+01:00

    Pádel Nuestro – now with a new logo – says that on July 15 it will be opening the world’s largest pádel store, a flagship of 500 square meters at 41 Calle María de Molina in Madrid. The customers will be permitted to test racquets before making a purchase. The ...

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    Decathlon and Intersport setting up recycling bins

    2022-07-08T07:33:00+01:00

    Decathlon and Intersport are setting up bins in their stores in which customers can deposit used sporting goods (textiles excluded), for recycling or other secondary use, according to the French financial paper Les Echos. Both retailers have joined the network of a non-profit organization called Ecologic, and their full system ...

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    Analysis: Sporting goods industry stocks down more than 14% in Q2 2022

    2022-07-06T06:18:00+01:00By Bob McGee

    According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...

  • Decathlon

    Decathlon France has selected a new CEO

    2022-07-01T08:06:00+01:00

    Bastien Grandgeorge is to become CEO of Decathlon France. The change will occur on Oct. 1, at the end of the term of co-CEOs Arnaud Gauquelin and Fabrice Lisardi, who will be taking up other posts in the company.

  • Decathlon

    Sales up by 18.3% at Decathlon Spain

    2022-06-30T10:24:00+01:00

    Decathlon Spain generated revenues of €2.034 billion (VAT included) in 2021, for a year-on-year increase of 18.3 percent. Net profit amounted to €96.7 million, of which €19 million was shared with its 11,910 employees. The Decathlon group’s revenues were up by 12.5 percent for the year.

  • Padel Nuestro

    Pádel Nuestro to expand its retail footprint

    2022-06-27T12:21:00+01:00

    Pádel Nuestro will be expanding its physical retail footprint domestically and abroad. While acknowledging the ever-increasing importance of the internet, especially for product information, the Spanish chain seeks to enrich the “customer experience,” as only physical retail can. Currently, it operates 22 stores at home, four in Portugal, five in ...

  • Meta logo

    Meta to sell name-brand avatar apparel

    2022-06-22T07:32:00+01:00

    In January, Meta introduced its 3D avatars – already operative in its virtual-reality (VR) iteration – into Facebook, Messenger, Instagram Stories and direct messages (DMs). This month it is inaugurating the Meta Avatars Store, where users can purchase virtual apparel for their avatars from, so far, three name brands – ...

  • Tréndico holds first in-person convention in two years

    2022-06-21T10:53:00+01:00

    This month, Tréndico Group held its first in-person convention since January 2020, CMDsport reports. In attendance were 44 brands and some 80 percent of the owners of the 475 stores under its Atleet and Foot on Mars banners. The convention was on par with the previous show, a virtual one ...

  • Pádel Nuestro to sponsor WPT's first Finnish event

    2022-06-17T13:20:00+01:00

    The Spanish specialty retailer Pádel Nuestro is the official sponsor of this year’s inaugural edition of the Tampere Exhibition, scheduled for June 30 to July 3 in Finland. This will be the farthest north the World Pádel Tour (WPT) has yet penetrated. The Scandinavian country is said to contain some ...

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    Decathlon to help provide certified training in sales and repair

    2022-06-15T09:01:00+01:00

    In September, to meet what it calls the demands of “urban mobility,” Decathlon will be inaugurating 17 apprentice training centers (CFA) for bicycle repair and sales throughout France. Established in partnership with the AFPA – which began certifying workers in 1949 to help rebuild France after the Second World War ...

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    Analysis: Sporting Goods Industry Scorecard Q1 2022

    2022-06-07T07:37:00+01:00By Bob McGee

    Find out about the top industry performers. With our first quarter 2022 Sporting Goods Industry Scorecard, we provide an overview by sales and profit.

  • Playtomic enters the e-tail space

    2022-06-03T12:01:00+01:00

    Playtomic, which has made its name as a platform for racquet club management and court rentals, has inaugurated under its own brand a line of racquet-sports apparel and accessories and opened an e-commerce website to sell it. So far the site is operative only in Spain, but there are plans ...

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    S&P affirms Foot Locker’s BB+ issuer credit rating

    2022-06-01T09:48:00+01:00

    Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...

  • Daniel Mühlbach, Footway

    Record loss for Footway in Q1

    2022-05-31T08:43:00+01:00

    After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at -71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK -12.8 million in the first quarter of the ...

  • frasers

    New Frasers Group CEO reorganizes leadership team

    2022-05-31T07:02:00+01:00

    Michael Murray, the new CEO of Frasers Group, posted on LinkedIn on May 31 that five weeks into his tenure, part of his commitment is to “get the right people on board, to lead Frasers Group into the future and build on our solid foundations.” According to the posting (there ...

  • Törneke Stadium

    New HR and sustainability director at Stadium

    2022-05-30T13:17:00+01:00

    Ida Törneke will join Stadium, Sweden’s largest sports and sports fashion retail chain, as the new HR and sustainability director on Aug. 15, 2022. She has more than 15 years of experience in HR, the last six of which she spent at Peab, a construction and civil engineering company, where ...

  • SaaS provider Stravito launches new market research tool for retailers

    2022-05-27T09:50:00+01:00

    The Swedish software provider Stravito, based in Stockholm, has launched Atlas. This new AI-based market research program targets non-research teams across retail businesses, delivering insights and market data from the retail industry and digestible and ready-to-use images, charts and material for presentations. The new software-as-a-service tool promises easy navigation utilizing ...

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    Intersport South East Europe opens new 25,000-sqm logistics center

    2022-05-27T07:52:00+01:00

    The Intersport South East Europe subsidiary, based in Greece, has opened its new logistics center, run by Trade Logistics S.A. (both companies belonging to the Fourlis group). The new 25,000-square-meter facility in Oinofyta/Boeotia is a fully automated distribution and storage center delivering to Greece, Romania, Bulgaria and Cyprus. The new ...

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    Deportes Cronos to expand Portuguese footprint

    2022-05-26T05:33:00+01:00

    According to CMDsport, Deportes Cronos plans to open three stores in Portugal in the first half of the present year, bringing its total to six. And there are plans for more before the year is out, although how many remains unclear. The Spanish buying group is pursuing a policy that ...

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