Latest Retail News & Analysis – Page 82
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News briefs
Brooks veteran will lead True Motion into the U.K.
Hamish Stewart, who has been working with Brooks Running for more than 20 years, has become U.K. country manager for True Motion, a German running shoe start-up. He will be assisted by another former running shoe veteran, Richard Outterside, as account manager. Stewart was instrumental in building up Brooks’ European ...
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News briefs
Vans launches a virtual environment for customization, play
Vans is launching a game on Roblox, a virtual environment and platform for multi-player video games. Vans World, as the new interactive game is called, combines skateboarding, fashion and networked gaming. Players can use it as a tool with which customize any of four Vans shoe silhouettes or as a ...
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News briefs
Lamoda expands the number of sporting goods suppliers
In the first half of 2021, Lamoda, the Russian clone of Zalando, signed new contracts with a group of sporting goods suppliers including Kettler, Garmin and Peak Performance. In total, more than 400 new fashion and lifestyle brands also joined Lamoda in the first half of the year, including Massimo ...
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News briefs
Wilberries sees big boom in online sales of sporting goods in Russia
Wildberries, the largest online retailer in Russia, reported an 85 percent increase in sales of sporting goods over the internet between the beginning of May and mid-August. In particular, the demand for electric scooters doubled. Electric bicycles were also among the bestsellers. Sales of all kinds of bicycles climbed by ...
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Article
New hurdles in JD’s takeover of Footasylum
Leaving the door open for other comments by Sept. 16 before making a final decision in October, the U.K. Competition and Markets Authority (CMA) restated on Sept. 2 its provisional ban on JD Sports Fashion’s already completed acquisition of the Footasylum, in spite of criticism expressed by the Competition Appeal ...
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Infographics & DataThe largest Sports Equipment Brands 2020
This chart shows the revenue development of the 41 major global sports equipment brands in 2020 vs 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
Golf offsets winter sports at Alpen in Japan
Sales of winter sports products fell by 16 percent to 6,628 million yen (€51.5m-$60.3m) for the financial year ended June 30 at the Alpen Group, one of the major sporting goods retailers in Japan, mainly due to a lack of snow because of a warm winter season. Total revenues increased ...
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News briefs
New cross-functional management structure at Stadium
Stadium has decided to reorganize the top management under its CEO, Karl Eklöf, following the departure of Magnus Wåhlander, general manager of its Stadium chain. He is leaving the leading Swedish sports retail group after 25 years to become president and CEO of Coop Mitt. Under the new structure, the ...
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News briefs
Sprinter debuts an urban-oriented store concept near Madrid
According to CMDsport, Sprinter’s new, omnichannel store in the Spanish city of Leganés, outside Madrid, aims to exceed the purpose of a point of sale and serve as a meeting place for urban athletes. Some of its design, like the assortment, is drawn from the traffic data of Sprinter’s website. ...
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News briefs
Sportmaster develops its own digital “ecosystem”
Sportmaster has decided to further develop its own digital “ecosystem,” said Victoria Bondarenko, a product development director with Russia’s biggest sports retailer, in an interview recently published in the local Retail online news service. She noted that Sportmaster has a strong brand that is quite popular on the Russian market, ...
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News briefs
Share options worth £100 million for Frasers’ future CEO
The Remuneration Committee of Frasers Group, which owns Sports Direct and many other brands retail operations in the U.K. and elsewhere, is proposing to award shares worth £100 million (€117m-$137m) as a performance-related bonus to Michael Murray, who is set to take the place of group CEO from Mike Ashley ...
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Article
JD and Sprinter acquire Bodytone
According to CMDsport, the Iberian Sports Retail Group (ISRG) has acquired a 50.1 percent stake in Bodytone International Sport, a Spanish-based producer and international distributor of professional gym machines and equipment. The purchase price was undisclosed. Bodytone has until now been wholly owned by American Sport Invest, which has become ...
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ArticleAustrian and Swiss buying groups cooperate on digitalization
The Swiss Premium Sports Group (PSG) of independent sports retailers, which have been affiliated with ANWR-Garant Swiss since 2013, have agreed to adopt the digitalization strategy of Sport 2000 Austria. This includes cooperation in the areas of data clearing centers, digital store counters and online retailing, creating a central data ...
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News briefs
Galeria Karstadt Kaufhof will become Galeria
Galeria Karstadt Kaufhof, the German company formed in 2018 from the merger of the Karstadt and Galeria Kaufhof department store chains that became wholly owned by Signa Retail in 2019, has unveiled a new concept for its 131 locations in Germany, which will see the company strategically reposition itself starting ...
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News briefsDohrmann will leave as CEO of the Internetstores group
After more than three years as CEO of the Internetstores group, Hans Dohrmann will leave the German multi-channel retail company, which operates websites and physical stores in the cycling, camping and outdoor markets such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to the group’s Berlin-based parent company, Signa Sports ...
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ArticlePadel Nuestro under new ownership
According to CMDsport, the holding company Backspin Capital Investments has acquired Padel Nuestro and appointed a new CEO, Iñigo Colomina Fajardo, who is the chief executive of Colomina Investments of Madrid. The Spanish pádel retailer’s founders – Ismael Cancho Lozano, José Ignacio Simón Marín and Pascual López Cuadra – signed ...
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News briefs
Frasers promotes Nevitt to CCO, Al-Mudallal to COO
Frasers Group, the parent company of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer. Nevitt, previously global head of commercial, has been with the company for over 30 years. Al-Mudallal joined the business in 2017, first as head of talent at ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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Article
Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
