Latest Retail News & Analysis – Page 100
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Article
Alibaba grows by 30%, misses Ant Group’s IPO
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). The ...
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ArticleGrowing Zalando launches Connected Retail in more countries
In releasing excellent results for the third quarter, Zalando announced the introduction of its Connected Retail program in Denmark, Finland and Norway on Nov. 1. As it did for a few months after its launch in Germany and the Netherlands, it is waiving all commissions for all partners using the ...
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News briefs
Decathlon partners with Conad supermarkets in Italy
Decathlon is opening a shop-in-shop at a Conad supermarket in Rivoli, an Italian town near Turin. The 310-square-meter space will sell a selection of Decathlon products with a focus on fitness, running, swimming, trekking, sports nutrition, sports bags and protective sports equipment. Customers will pay for these goods at the ...
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Short stops
RETAIL
+++ Hervis has reopened an 800-square-meter store in Bad Ischl near Salzburg based on a new shop fitting concept and design, with a focus on outdoor and winter sports +++ Blue Tomato has opened a new Dutch store in The Hague +++ +++ As planned, Goldwin has opened its first ...
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Short stops
DISTRIBUTION
+++ Pyga Industries has created a new sales, marketing and distribution business for its handcrafted frames, called Pyga Mountainbikes, which will distribute the products in 23 countries across Europe, Australia, New Zealand, Singapore, and Latin America +++ Nike will use the Southeast Asian marketplace of Lazada and its fulfillment and ...
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ArticleBad timing for the new lockdowns in Europe
More and more European governments are following the example of the Republic of Ireland, which ordered a six-week lockdown on the sale of non-essential goods at physical stores on Oct. 21 to help stem the second wave of the Covid-19 epidemic, which now has its epicenter in Europe, as in ...
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News briefs
China dominates e-commerce
Citing figures from Activate Consulting, Diffusion Sport reports that four Chinese e-tailers now account for 42 percent of the world’s e-commerce, more than tripling Amazon’s share. With its 13 percent share, Amazon is not, in fact, the top player in the sector. That distinction goes to Alibaba, with 15 percent. ...
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News briefs
Slinger Bag moves into Bulgaria and Chile
Slinger Bag continues to sign up new distributors worldwide. Its innovative tennis ball launcher will be sold in Bulgaria by Ark Dream, which is also the local distributor for Babolat, under a new five-year exclusive deal. The brand has also made its first foray into the Latin American market through ...
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ArticleCovid affected China’s biggest sports retailer slightly
Topsports International, which claims to manage the biggest network of directly operated stores in the Chinese sports market, reported a 7.0 percent drop in revenues to 15.77 billion yuan renmimbi (€2.0bn-$2.4bn) for the first half of its fiscal year, ended on Aug. 31. The gross margin contracted by 2.1 percentage ...
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News briefsFrasers opens its first multi-brand store
Britain’s Frasers Group, formerly Sports Direct International, opened its first multi-brand store on Oct. 31. The initiative stems from Frasers’ “elevation programme,” under the leadership of Michael Murray. The 51,000-square-foot premises are located at the Cascades Shopping Centre in the British city of Portsmouth and feature products from the Frasers ...
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News briefs
Decathlon plans to launch its marketplace in France and other countries
According to reports by sport-guide.com and other media, Decathlon is planning to test the possible launch of a marketplace in France by the end of this year. It would be part of a project that would also be implemented sooner or later in Germany, Spain, Italy, the Netherlands, the U.K. ...
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News briefs
Adidas tops ranking of culturally relevant brands in sport
The Fan Intelligence Index, a new global study intended to identify the 40 culturally most relevant brands through sport, has placed Adidas at the top of the ranking, which is ”based around a brand’s ability to influence culture through sport.” The Big a was followed by the Jordan brand, the ...
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Infographics & DataRanking - The Largest Sporting Goods Retailers Worldwide
This exclusive chart shows the revenue development of the major global sporting goods retailers in 2019 vs 2018. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Article
XXL stays on recovery path
After many difficult quarters, XXL ASA bounced back in the second quarter, and the leading Nordic sports retailer confirmed this recovery continues in the third quarter. To turn the business around, the Norwegian company has been taking drastic steps such as cutting costs and clearing inventory. It posted double-digit growth ...
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News briefs
Adidas ranks high in Forbes’ ‘Best Employers’ list
The highest-ranking sports-related company on Forbes’ annual “World’s Best Employers” list this year was Adidas, at number 11, with Nike two slots behind. The next ones down were Puma (47), Decathlon (82), Under Armour (355), Foot Locker (482) and VF Corp. (505). The e-tailers that offer sporting goods for sale ...
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News briefs
SportScheck launches pop-up space and retail media with EA7
SportScheck, the German multi-channel sports retailer recently acquired by Signa Retail, has opened a pop-up area in its flagship store in Munich with the sports division of Emporio Armani, EA7, as part of its retail media activities. The current autumn/winter collection will be presented for six weeks in a prominent ...
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AnalysisAnalysis: The world’s major sports retailers
This exclusive, yearly statistic shows the revenue development of the 50 largest sports retailers between 2018 and 2019. This is exclusive data and analysis for Professional Members.
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ArticleAdidas may offload Reebok by March
Naming Anta Sports Products and VF Corp. as potential buyers for the brand, Germany’s usually well-informed Manager Magazin reports that the Adidas Group is planning to sell its Reebok division by next March. A spokesperson for the group said the company has a policy of not commenting on press rumors, ...
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ArticleCalls for online marketplaces to proactively prevent the sale of fakes
The European Federation of the Sporting Goods Industry (Fesi) is urging the operators of internet platforms to undertake “due diligence obligations for preventive and proactive measures” to fight against the sale of illegal products online, while expressing strong support for the efforts being made by the European Commission to obtain ...
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News briefs
Forward wants to open more stores in Russia
Forward, a major Russian supplier of sports apparel, is planning to open new brick-and-mortar stores in its domestic market, focusing on cities with a population of more than one million people, as its offline sales have been recovering during the past few months, going back to pre-lockdown levels. Currently, the ...
