Latest Retail News & Analysis – Page 73
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News briefsFrance is Inov-8’s newest direct market
Source: Inov-8 Emmanuel Fedon The U.K.-based running, hiking and fitness brand Inov-8 has added France to its portfolio of European direct markets, led by Emmanuel Fedon as sales manager. Fedon lives in Annecy and brings two decades of sports industry experience to the role. He previously worked ...
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Article
Decathlon closes its U.S. stores but remains in the country
Decathlon has announced that it will close its only two existing stores in the U.S. – both located in the Bay Area of San Francisco – at the beginning of this year, while focusing on sales online and continuing to work through a growing number of retail partners - including ...
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ArticleNike reviews changes in its distribution apparatus
On Jan. 19 Nike published a run-down of the changes it has made to its supply chain since mid-2020, when “consumers across all segments immediately shifted to digital engagement.” The company refers to this digital direct-to-consumer (DTC) operation as the “Sole Train” – no doubt a punning reference to Soul ...
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Article
Snowy winter supports sporting goods sales in Russia
In some Russian regions, consumer activity in the sporting goods market has nearly doubled thanks to snowy winter conditions during the current winter season. It has been particularly strong over the online channel. Ilya Titarenko, director of the distribution department of Sportmaster, the country’s leading sporting goods retailer, confirmed that ...
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News briefs
Sporting goods retailers hit by the unrest in Kazakhstan
Sportmaster and other retailers in Kazakhstan suffered losses of around 25 billion tenges (€50.5m -$57m) from marauders as part of the recent civil unrest in the country, the Union of Trade Networks of Kazakhstan said in a statement on its website, adding that this data is preliminary. The National Chamber ...
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News briefs
Koch is pushing Sting box gloves in Europe
Franz Koch, a German entrepreneur who has spent some 35 years in the sporting goods industry, is taking on the distribution in Europe of Sting, an Australian brand of boxing gloves and other products. He will also help a Taiwanese fitness equipment manufacturer, GooHoo, to grow in the region. Founded ...
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News briefs
TheDrop.com hires a chief merchandising officer
TheDrop.com, a Las Vegas-based online lifestyle marketplace that targets Millennials and Gen Z, has hired Scott Keating to fill the new post of chief merchandising officer. He will be managing relations with the 300-odd brands and retail shops that sell through the company, including Nike, Roxy, Supreme and Volcom. .Keating ...
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News briefs
Urban Outfitters launches its own activewear line
According to media reports, the international Urban Outfitters chain is one of the retailers that has been cut off by Nike. The company has reacted with a launch of its own line of activewear styles for women, called Frans Sport. It consists of 40 styles, all made with recycled polyester ...
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News briefs
JD to sponsor an e-sports team
JD Sports Fashion is the new sponsor of Excel Esports, whose team competes in tournaments for such video games as FIFA, Fortnite and League of Legends. JD is replacing BT Sport, a provider of pay-to-view sports on TV in the U.K. Terms have not been disclosed. Excel’s e-sports players will ...
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Article
New memberships and online sales support Sport 2000 Austria’s growth
Sport 2000 Austria looks back on a rather successful calendar year 2021, considering the circumstances, growing for the second year in a row during the pandemic. The turnover figures for 2021 were better than expected, and according to the buying group’s CEO, Holger Schwarting, the positive development should continue in ...
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Article
New communication strategy for Decathlon in Germany
Decathlon is rolling out a new brand campaign in Germany, developed in collaboration with the Avantgarde agency, that aims to move the perception of the international retail brand’s market positioning from that of a pure supplier of products to that of a service-oriented platform with an emotional touch. We could ...
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Article
Tennis-Point to run a pro shop in Spain
Tennis-Point has struck a four-year deal to take charge of and operate under its own banner the pro shop at a well-known Spanish tennis academy, the Emilio Sánchez Academy in El Prat de Llobregat, a municipality outside the city of Barcelona. The deal could lead to other pro-shop opportunities for ...
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News briefs
PureGym enters the U.S. market
PureGym, the U.K.-based operator of affordable fitness clubs, has opened its first gym in the U.S., located in Tysons Corner, Virginia. It will be followed by two others shortly in Springfield, Virginia and Elkridge, Maryland. Franchising is a possibility going forward. Memberships start at $9.99, with no long-term contractual obligations. ...
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News briefs
Nike links up with China's Pou Sheng for customer memberships
Nike will link consumer membership data with Pou Sheng, the Chinese retailer owned by Yue Yuen, which operates Nike stores in more than 300 cities, serving about 150 customers each year. In an arrangement that resembles Nike’s recent member sharing deal with Dick’s Sporting Goods, the biggest sports retailer in ...
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News briefsBackcountry launches Shaun White’s Whitespace brand
Backcountry, the U.S. retailer that owns Germany’s Bergfreunde, has teamed up with the pro snowboarder Shaun White for his new Whitespace brand of hardgoods and apparel. Backcountry will act as the exclusive retailer for Whitespace, kicking off the partnership with a limited-edition Whitespace Freestyle Shaun White Pro signature snowboard. Each ...
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ArticleDecathlon deepens its collaboration with Manor in Switzerland
Customers of the Swiss Manor department store chain can now purchase more Decathlon products on Manor’s web stores and in new shop-in-shops installed at some of its brick-and-mortar stores. Starting on April 1, the Manor department stores in Fribourg, St. Gallen and Zurich Letzipark will feature dedicated Decathlon areas of ...
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News briefsArc’teryx continues global brand store expansion
Source: Arc’teryx Arc’teryx has increased the number of its own brand stores by 15 percent Arc’teryx, the Vancouver-based brand owned by Amer Sports, opened 21 stores in the past twelve months, ending 2021 with a total of 159 brick-and-mortar mono-brand shops around the world - 16 ...
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ArticleJD again raises its profit forecast
JD Sports Fashion said it expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store ...
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News briefsBlue Tomato’s parent grows strongly
Zumiez’ international sales, which are concentrated in Europe and Australia, grew by 45 percent year-on-year and on a comparable store and currency-neutral basis during the nine-week period ended Jan. 10. With its sales in North America going up by 5 percent, the action sports retailers’ total sales were up by ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports, a Swiss importer for numerous sports and bike brands for Switzerland and some other countries, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more ...
