All Sporting Goods Intelligence articles in Volume 33, Issue 41+42 – Page 4
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ArticleAthleta partners with thredUP and Shop Premium Outlets to offer new online shopping experiences
Athleta, The Gap, Inc.-owned women’s active and wellness brand, has announced a new partnership with thredUP and an online collaboration with Shop Premium Outlets, both in the U.S. and supporting Athleta’s long-term growth strategy to reach new customers and expand its community of “empowered women and girls.” Athleta launches ...
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News briefsGfK data platform gfknewron gets retail analysis option
Shortly after GfK SE and Nielsen IQ have announced their merger in July 2022, the company expanded its gfknewron data platform with a new gfknewron retail sector. According to GfK, the new platform is designed to help retailers identify market developments and sales potential and compare their own performance with ...
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News briefsReef opens first “full price” store in Europe
Reef, the U.S. brand of surf shoes, apparel and accessories, has opened its first “full price” store in Europe, and specifically in Marbella, Spain, according to CMDsport. Enabling the move is Albion 1879, which handles the brand’s distribution in Spain, Portugal and Andorra and operates some 1,000 points of sale ...
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News briefsUnions seek to raise pay and benefits at El Corte Inglés
The collective-bargaining agreement drafted by Spain’s Federation of Department Store Unions (FASGA) for El Corte Inglés and other big retailers proposes a raise of 6 percent for employees earning about €18,500 a year for 2023, with a second 6 percent raise to follow in 2024. FASGA had proposed raises of ...
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ArticleEurostat reviews EU sports employment
The number of people employed or self-employed in the EU’s sports sector has recovered since the dip occasioned by lockdown policies, according to a recent report in late September by the EU’s statistical body, Eurostat. That number is back to 1.37 million, as in 2019. It was down to 1.31 ...
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News briefsAcquisition of Padel Panorama canceled
Every Padel i Sverige, a subsidiary of Everysport Group, has canceled an agreement signed in June to acquire 100 percent of the shares of another Swedish company, Padel Panorama, for SEK 0.6 million (€55,000). According to a statement from the parent company, the reason is “discrepancies in the warranty provided ...
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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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Case StudyThe marketplace of the future: How Decathlon is opening up its sales platforms to boost revenue
Decathlon has launched a number of “marketplaces” around the world, allowing other brands to sell their goods on the retailer’s sales platform, and expects to generate €1bn in sales over the next 5 years.
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ArticleConsumer confidence at historic lows in Europe
Consumer confidence has taken a dive in Europe. The European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) has produced a flash estimate for September, according to which the indicator has “resumed its steep downward trend, dropping by 3.5 points in the EU and 3.8 points in the euro ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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News briefsGlobal squash equipment market to post 2.14% CAGR to 2026
The global squash equipment market is projected to grow by $75.2 billion from 2021 to 2026, marking a compound annual growth rate (CAGR) of 2.14 percent during the 2022-26 forecast period, according to a recent report by research and advisory firm Technavio. Growth is being driven primarily by the introduction ...
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News briefsAdidas inaugurates a store in Rome
Adidas has opened a new store in Rome. The 714-square-meter retail space, on two floors, is located at via del Corso 132, a main street in the historical city center and one of Rome’s shopping avenues. The store features a number of technological innovations, among them immersive dressing rooms with ...
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Short stops
Short Stops Week 40, 2022
EXECUTIVE CHANGES +++ Focus Bikes has hired 11-year Mondraker veteran Pablo Villa as its country manager for Spain +++ Golf distribution company Worldwide Golf Brands has appointed Don Haymes as finance and operations director +++ Elaine Boltz, EVP, chief operating and transformation officer for Crocs, is leaving her position ...
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News briefsDecathlon promotes French sports subsidy
Decathlon is promoting a French government subsidy of €50 for youths aged six to 18 whose families receive the government’s back-to-school subsidy, youths of the same age who receive the handicap subsidy, adults up to age 30 who receive the handicap subsidy or, as of this year, students who receive ...
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News briefsZalando is Nike’s second retail partner for Connected Partnership in ten European countries
Just a few hours after JD Sports announced it would become Nike’s first European retail partner for the brand’s Connected Partnership program, Zalando has spread the news that it will be Nike’s partner in Germany, Austria, Benelux, France, Belgium, Denmark, Sweden, Finland, Italy and Poland for the same integrated customer ...
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News briefsJD Sports to be first European retailer to go live with Nike’s connected partnership
JD Sports will be Nike’s first European retail partner for the brand’s Connected Partnership. The integrated loyalty program aims to enhance the shopping experience of customers through access to member-exclusive products and experiences. Starting in the U.K., the program will enable customers to link their JD and Nike membership accounts ...
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Article
VF Corp. sets initiatives for brands to reach FY27 targets
This is how VF Corp. wants to reach its growth targets for 2027 in challenging times.
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News briefsFrench gov’t to discuss sustainability with garment and textile industry stakeholders
According to Textalks, the French government is planning a series of meetings with garment and textile industry stakeholders as the first step toward a more sustainable French textile industry. Over the next month, representatives of the textile industry, as well as consumer groups, recycling associations, environmental organizations and non-governmental organizations ...
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News briefsANWR Media promotes Tim Wiese to management board
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. “The relevance of online trade ...
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