Retail

News about retail within the Sporting Goods industry supply chain

Bike delivery problems sink XXL’s results

2021-10-28T15:51:00+01:00

Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...

  • JD acquires control of a Greek retailer

    2021-10-22T17:14:00+01:00

    JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...

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    Sport 2000 is market leader in Austria for the first time

    2021-10-21T17:25:00+01:00

    Presenting the results of a large nationwide study by the market research company Regio Plan. Holger Schwarting, CEO of Sport 2000 Austria, confirmed that his cooperative was able to secure market leadership in Austria for the first time in 2020 with a market share of 33.6 percent, followed by Intersport ...

  • Rallye sells Go Sport for one euro

    2021-12-08T18:21:00+00:00

    Rallye is putting an end to its involvement in sporting goods retailing with the sale of Groupe Go Sport to Hermione People & Brands (HPB), which is now expected to be completed by Dec. 10. HPB has agreed to pay only one symbolic euro for the business, which is said ...

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    CMP opens its first HUB superstore, taking the place of Nardelli Sport

    2021-12-07T17:14:00+00:00

    CMP, the Italian sports brand that belongs to the Fratelli Campagnolo group, is using the space previously occupied at Mezzolombardo near Trento by Nardelli Sport, a well-known store focused on alpine skiing, for its first superstore based on its new HUB CMP Sport concept. About 70 percent of the 1,700-square-meter ...

  • German retailers oppose the current anti-Covid measures

    2021-12-06T18:45:00+00:00

    Intersport Germany and Rose Bikes are reportedly representing a group of 4,500 stakeholders in Germany that is grouping retailers, trade associations, journalists and economic experts in their opposition against the German government’s Dec. 2 decision to allow only vaccinated people to enter non-essential retail stores.

  • Lids comes to Europe

    2021-12-06T17:54:00+00:00

    Lids is opening its first European stores at four locations in the London metropolitan area this month. The leading U.S. retailer for sports caps mentioned the success it has enjoyed with the opening earlier this year of an NBA store that it has been operating in London, in cooperation with ...

  • Shake-up in Alibaba’s top management

    2021-12-06T17:53:00+00:00

    Maggie We, the long-time finance director of the Alibaba Group, is resigning as part of a reorganization of the group that will also see Jiang Fan, 36, take responsibility for its international operations. Alibaba has not been doing well since its founder, Jack Ma, complained last year about the suspension ...

  • Malmö to get Scandinavia’s largest designer outlet village

    2021-12-06T17:46:00+00:00

    The Malmö Designer Village in Sweden is purportedly set to become Scandinavia’s largest designer outlet village. The location will put the village within 90 minutes’ travel for some 3.8 million residents in southern Sweden and greater Copenhagen, and within an hour’s travel for 26 million tourists per year. The first ...

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    Intersport Austria enhances services during the present lockdown

    2021-12-06T15:05:00+00:00

    At a press conference marking the start of the 2022 winter season, Intersport Austria looked to the future with cautious optimism. On the first weekend of the advent season, the retail group recorded a digital run on all the winter sports articles that its retail members are offering. Alpine skis, ...

  • Zumiez continued to grow in Q3

    2021-12-03T22:08:00+00:00

    Beating analysts’ estimates, Zumiez reported a 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019, when the company ...

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    The unvaccinated are banned from Germany’s non-essential stores

    2021-12-02T18:26:00+00:00

    In contrast with Austria, where non-essential stores and other public indoor services have been forced to shut down completely at least until Dec. 13, or with the U.K., where people must now wear masks in all the stores, non-essential stores as well as cinemas, theaters and restaurants in Germany will ...

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    Snipes snaps up the Jimmy Jazz chain in the U.S.

    2021-12-02T16:17:00+00:00

    Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed.

  • Another digital expert joins JD’s board

    2021-11-30T18:03:00+00:00

    JD Sports Fashion announced the appointment of Mahbobeh Sabetnia as a non-executive director and the exit of Heather Jackson, after more than ten years on the board. Peter Cowgill, executive chairman of the JD group, said that Sabetnia is bringing “very relevant digital and e-commerce experience” to the company. Using ...

  • Snowleader moves into larger premises

    2021-11-29T17:37:00+00:00

    Snowleader, a leading online retailer of outdoor and snow sports products based in the Savoy region of France, has moved to a larger, eco-friendly office of 3,000 square meters at Epargny, near Annecy, while inaugurating a new and bigger automated warehouse at a different site further away at Versoud. The ...

  • JD goes for a five-for-one stock split

    2021-11-26T18:08:00+00:00

    With 100 percent of the votes cast in favor of a proposed resolution, a general shareholders’ meeting of JD Sports Fashion decided on Nov. 26 to divide each ordinary share of 0.25 pence into five ordinary shares of 0.05 pence. The 5,158,135,745 new shares, all with voting rights, will start ...

  • New top manager and new ambitions for Footway

    2021-11-25T16:59:00+00:00

    Indicating that it may develop into a marketplace for other retailers, the Swedish-based Footway Group announced the recruitment of a top manager from the H&M Group, Daniel Claesson, to serve as chief commercial officer, starting next Jan. 1. He acted most recently as chief product office at the H&M Group, ...

  • Growing Stadium group shelves sneaker store concept

    2021-11-25T16:58:00+00:00

    The Stadium Group, the leading Swedish sporting goods retailer, reportedly opened a Sneakers Point store last May on Nordstan in Gothenburg, but it has already closed it, with no plans to develop further such a concept. According to a spokeperson, five other stores under this banner and a website have ...

  • A second logistics hub for growing Intersport France

    2021-11-25T16:58:00+00:00

    Intersport France has launched the project for the establishment of a second logistics platform of 84,000 square meters in the area of Château-Renault in the Loire Valley, in collaboration with local authorities. Scheduled to go on stream in 2024, it would employ about 150 people at the start, growing to ...

  • Kickz invests in NFTs via The Football Club

    2021-11-25T16:58:00+00:00

    Kickz, the German sneaker and streetwear retailer, is planning a cooperation with a German startup, The Football Club (TFC), that specializes in NFTs. TFC, a Munich-based crypto-soccer-platform that is currently in beta test mode, claims to be the world’s first app-based provider of NFT games. Run by Ante Kristo, TFC ...

  • Sprinter opens a first store outside Spain

    2021-11-24T18:22:00+00:00

    Sprinter – the biggest and more techical sports retail banner within the Iberian Sports Retail Group (ISRG) – confirms that has opened its 173rd physical store and its first one outside of Spain. According to CMDsport, the Sprinter store is located at the Zuidplein mall in the Dutch port city ...

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    Retail chains’ global sales inched up by 1% last year

    2021-11-24T18:18:00+00:00

    The total revenues of the largest sporting goods retailers around the world eked out a slight increase of one percent in 2020 - both in dollars and in local currencies – going up to a level of $106.7 billion. Like the global sports market, which was flat at $508 million ...

  • Boosted by Covid, SportsShoes.com reports big gains in its last FY

    2021-11-23T18:03:00+00:00

    Sales grew by 37 percent to £92.2 million (€109.9m-$123.7m) at SportsShoes.com during the financial year ended Feb. 28, 2021, leading to an increase of 118 percent in Ebitda to £12.2 million (€14.5m-$16.4m), but they have flattened lately, indicating that the Covid-19 epidemic was a boosting factor last year. The company, ...

  • Decathlon is labelling its own products for CO2

    2021-11-23T16:48:00+00:00

    Last month, Decathlon began grading the carbon footprint of apparel and shoes sold under its own brands. So far, the French retailer has labeled 63 percent of these products with a score from A to E (best to worst) and with a figure (in kilograms of CO2) calculated to reflect ...

  • Wildberries’ export branch posts a tenfold jump in sporting goods sales

    2021-11-22T17:09:00+00:00

    Russia’s largest online retailer, Wildberries, has reported that its turnover in sporting goods outside its domestic market jumped tenfold between January and October 2021, as compared to the same period of the previous year. Wildberries said in a statement that sporting goods represented the fastest-growing segment in its export division, ...

  • Hervis wins award for its online consulting solution

    2021-11-22T17:09:00+00:00

    Hervis Sport, the big integrated Austrian sports retail chain, was presented with the Retail Innovation Award 2021 in the “Best Online Solution” category by the Austrian Trade Association on the occasion of Tech Day on Nov. 18, 2021 in Vienna. The jury was particularly impressed by its newly created option ...

  • Foot Locker grew by 3.9% in Q3

    2021-11-19T18:19:00+00:00

    Foot Locker reported net income of $158 million for the 13-week period ended Oct. 30, after extraordinary charges of $57 million. Excluding one-time items, the adjusted net income increased by 57 percent to $201 million. The net results compare with $265 million in the year-ago period and $125 million in ...

  • Franklin Bracken - Foot Locker

    Foot Locker announces “organizational enhancements”

    2021-11-19T18:18:00+00:00

    Creating a new position, Foot Locker has promoted Franklin R. Bracken to chief operating officer, and is seeking candidates another new post of ”chief strategy, innovation and development officer.” According to the company’s chairman and CEO, Richard A. Johnson, the new posts will produce “a more streamlined and agile organizational ...

  • China’s Topsports improves margins on slightly lower sales

    2021-11-19T16:35:00+00:00

    Topsports International Holdings, the leading Chinese sports distributor and retailer spun off by Belle International in 2019, reported a decline of 1.2 percent in total revenues to 15.57 billion renmimbi (€2,128m-$2,407m) for the first half of its financial year, ended Aug. 31. The gross margin improved by 2.9 percentage points ...

  • Alibaba cuts guidance after a Q2 profit and sales miss

    2021-11-19T16:26:00+00:00

    The Alibaba Group cut its guidance for its full financial year after revenues and earnings came in below expectations in its second quarter ended Sept. 30, amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country.

  • Anta starred in China’s Singles’ Day

    2021-11-17T18:24:00+00:00

    Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...

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    Decathlon works with a social impact brand in Germany

    2021-11-16T11:51:00+00:00

    Decathlon is the first sports retailer in Germany to have entered into a partnership with a local social impact company, called Share , to support and promote “social shopping.” As of mid-November, customers can purchase Share beanies and socks in all Decathlon stores and online. For each item sold, another ...

  • Deporvillage’s catalog now exceeds 100,000 items

    2021-11-12T18:10:00+00:00

    Deporvillage’s product catalog has passed the milestone of 100,000 items. Thanks to such lockdown effects as distance work and the spike in online purchasing, home fitness has become a top segment for the Catalonian e-commerce specialist, which was recently acquired indirectly by JD Sports Fashion through its controlling interest in ...

  • Denmark's Sport 24 launches a Norwegian web shop

    2021-11-12T17:39:00+00:00

    Sport 24, the third-largest sporting goods retailer in Denmark, opened a dedicated online store for the Norwegian market on Nov. 8, in time for the Black Friday promotions and the Christmas shopping season. The digital channel already generates about 30 percent of Sport 24’s sales, which grew by one percent ...

  • Xero Shoes debuts European website

    2021-11-11T15:53:00+00:00

    Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...

  • Sales are up 30% at Britain’s STAG

    2021-11-11T15:52:00+00:00

    STAG, the British buying group for independent sports retailers in the U.K. and Ireland, is doing relatively well. The retail members’ sales are up so far this year by 30 percent as compared to 2020, which saw a decline of 21 percent in both countries.

  • The Swedish sports market grew by 6.5% in Q3

    2021-11-11T10:49:00+00:00

    The Swedish sporting goods market rose by 6.5 percent at the retail level during the third quarter as compared to the year-ago period, according to the new SportIndex launched by the Svensk Sportforum last year in combination with HUI Research. While sales at physical stores went up by 4.1 percent, ...

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    Decathlon wants to double its turnover in Germany

    2021-11-10T18:10:00+00:00

    Based on a just-launched business plan for the next five years, Decathlon Germany aims to double its turnover to €2.5 billion in terms of gross merchandising value by 2026, compared with projected levels of around €950 million in 2021 and €1.3 billion in 2020. To help achieve this goal, the ...

  • Sport 2000 Austria debuts its golf show with 45 brands

    2021-11-09T17:02:00+00:00

    With over 45 brands, golf pro talks and the presentation of sales tools for golf courts and golf shops, Sport 2000 Austria held its first Golf Fair at the buying group’s headquarters in Ohlsdorf. Golf personalities such as Nicole Gergely, trainer of the Austrian national team, the Austrian national player ...

  • The Danish Sportmaster chain has many new managers

    2021-11-08T18:21:00+00:00

    The Danish Sportmaster chain has hired five new top managers since the beginning of this year, reporting to Andreas Holm, the company’s CEO, to help it to grow online and to open new stores in Denmark as well as in other Nordic countries. The Russian Sportmaster Group, which bought the ...

  • JD Sports premieres a special Xmas ad

    2021-11-08T18:20:00+00:00

    JD Sports premiered a Christmas ad – since posted to YouTube – on Nov. 6 during the airing of the Manchester derby on Sky Sports, where Manchester City beat Manchester United 2 to 0. In it, a young man walks down a downtown street – where all the shop names ...

  • JD criticizes video of a July 5 meeting over Footasylum’s contested takeover

    2021-11-08T16:05:00+00:00

    Peter Cowgill, executive chairman of JD Sports Fashion, was reported by The Sunday Times as being under investigation by the Competition & Markets Authority (CMA) over a possible breach of its rules on sharing sensitive information relating to JD’s contested takeover of the smaller Footasylum chain in the U.K. The ...

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    UK anti-trust authority again blocks the JD Sports-Footasylum merger

    2021-11-04T15:30:00+00:00

    The U.K.Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening of ...

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