Latest Retail News & Analysis – Page 80
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News briefs
Big push for JD and Sprinter in Iberia
The Iberian Sports Retail Group (ISRG), which is controlled by JD Sports Fashion, is contemplating a strong development of its physical store network, accompanying its push into e-commerce through its recent acquisition of Deporvillage and the local web stores of JD Sports and Sprinter. Sprinter, the more technical sporting goods ...
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News briefs
The CEO of Sport 1 will run Norway's whole Sport Holding group
Ole-Henrik Skirstad, who has been the CEO of Norway’s Sport 1 Gruppen, has been named CEO of the whole Sport Holding group, following the merger last year of Sport 1 with the Norwegian branch of Intersport, which was owned by Gresvig. Now that the integration process has been completed, Lars ...
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ArticlePromising tennis sales in Europe for H1 2021
According to Sports Marketing Surveys (SMS), sales of tennis racquets and strings for the first half of this year rose in all eight of Europe’s major tennis markets: Austria, France, Germany, Italy, the Netherlands, Spain, Switzerland and the U.K. Year-on-year growth in volume (45.3%) outpaced growth in value (40.7%), with ...
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News briefs
U.K. anti-trust authority probes JD and Leicester City over shirt sales
The U.K. Competition & Markets Authority (CMA) has opened an investigation into suspected violations of competition law by the Leicester City Football Club and JD Sports Fashion over the sale of club-branded products in the U.K. The replica shirts of the club, which won England’s FA Cup in May, are ...
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News briefs
Decathlon opens continental logistics hub in Barcelona
Decathlon has inaugurated a new distribution center in Barcelona, Spain, to service the European continent. The facility, which replaces a previous one in the area, covers some 95,987 square meters on 167,751 square meters of land. It is adjacent to the Port of Barcelona and ten minutes from the Barcelona ...
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News briefsBründl Sports opens new flagship store, carries Marcel Hirscher’s new ski and apparel brands
Bründl Sports opened a new, sustainable and attractive flagship store with a net sales area of 2,500 square meters (total size: 5,600 sqm) in the heart of the Austrian ski and mountain sports town of Kaprun on Oct. 1 after a construction period of only one and a half years, ...
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News briefs
Foot Locker offers bonds with a 4% yield
Foot Locker has announced that it is offering $400 million in senior notes due in 2029, priced at 100 percent of the principal amount and bearing annual interest of 4.00 percent. The private offering is scheduled to close on Oct. 5. Indicatively, the relatively high yield would compare with the ...
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ArticleANWR Group’s 2020 revenues were stable, sports up slightly
The ANWR Group, whose holdings include the German branch of Sport 2000, weathered out the Covid-19 pandemic to end 2020 with a 0.2 percent increase in total revenues to €17.8 billion. Last year posed a tough challenge to ANWR, but the group was able to withstand the crisis thanks to ...
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News briefs
Himaraya turns around
Himaraya reported an overall sales increase of 8 percent to 62.13 billion yen (€480m-$582m) for the financial year ended Aug. 31, but the momentum is fading away, and the Japanese sporting goods retailer is projecting a decline to ¥59.50 billion (€460m-$530m) for the current year. The company posted net income ...
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Article
Germany’s Sport-Tiedje builds a larger logistics center
Sport-Tiedje, the German-based online and offline retail specialist for home fitness equipment, is investing in a new central warehouse in Schleswig-Holstein to supply its own stores and its online customers throughout Europe, according to SAZ Sport. In the 2020 pandemic year, Sport-Tiedje increased its sales by 55 percent to €203 ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
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News briefs
Sport 2000 finds retail licensee for Mauritius, Madagascar
Sport 2000 International has acquired a new licensee, the HV Group, in the island states of Mauritius and Madagascar, where it is planning to open seven specialist stores by 2026. Mauritius is to receive two large stores and three small ones, Madagascar will host two others of undisclosed size. The ...
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News briefs
BMO report highlights some disadvantages in DTC vs. wholesale
A new report compiled by the analyst Simeon Siegel for BMO Capital Markets suggests that the recent focus among sports brands on direct-to-consumer (DTC) channels has its drawbacks. In particular, wholesale appears to offer higher profit margins before taxes and interest. Major footwear brands like Nike, Adidas, Under Armour and ...
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News briefs
Sidas focuses on its own brands for all the seasons, drops X Socks
X-Technology Swiss is taking over the distribution of its X Socks line of sports socks in France, starting next April, after working for 20 years through Sidas. The latter company has decided to concentrate on its own brands: Podiatech, Sidas, the Sidas Academy, Therm-ic and Shoo IQ. Sidas has already ...
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News briefs
JD diversifies into beauty products
JD Sports Fashion has acquired an unspecified stake in Hairburst, an international U.K.-based e-tailer for vitamins for hair growth, shampoos, conditioners and other cosmetics, according to The Times of London. According to the newspaper, JD will assist Hairburst’s management in the acquisition of other beauty brands. It quoted Peter Cowgill, ...
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News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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News briefs
Eastpak returns to North America
Eastpak’s iconic daypack has been and still is a hot item in Europe, thanks notably to the efforts of a dynamic French-based distributor, Kostia Belkin, in the 1990s. It also enjoys a strong popularity in Asia, which was the first export market for the brand. Founded in Boston in 1952 ...
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News briefs
Sport 2000's summer business rose by 11% in Austria
Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...
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News briefs
Under Armour in talks with a new Russian franchisee
Under Armour confirms a report that it is in negotiations with a new potential franchise partner to develop its Brand House retail format in Russia. The first stores may be opened in Russian shopping centers in the autumn of 2022, according to local sources. The new franchisee would take over ...
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News briefs
Decathlon opens corners in Silpo supermarkets in Ukraine
Decathlon continues to work with other retailers in various countries, including the Ukraine. The leading international sports retailer has opened 20 corners in Silpo supermarkets in Kiev and nine other big Ukrainian cities, including some in which it already has its own stores. Currently, the product range is limited to ...
