More retail news
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News briefsShops 1st Try relocates
After ten years, Shops 1st Try, Europe’s largest B2B snowboarding demo, is moving 35 kilometers from Alpbachtal to a new location in Hochfügen in Austria’s Ziller Valley. The date remains the same: January 19-21, 2025. The new location is divided into two areas: the On-Snow Demo and Exhibition Area in ...
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News briefsFoot Locker relaunch the FLX Rewards Program
Foot Locker unveiled an enhanced FLX Rewards program and announced upcoming upgrades to its mobile app, marking key milestones in the company’s Lace Up strategy, its strategy to drive sustainable and profitable growth. Based on extensive consumer insights, the revamped FLX Rewards program introduces FLX Cash, which allows customers to ...
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ArticleApple seeking cheaper alternative to its VR headset
Apple appears to be directing its efforts away from a second edition of its Vision Pro headset and toward a cheaper version, according to Mac Rumors, which cites reporting by The Information. The Vision Pro’s retail price is $3,499. (The 14-inch MacBook Pro, by comparison, ranges in price from $1,599 ...
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News briefsUlrich Hanfeld takes over sole management of Hervis
Source: Hervis Dr. Ulrich Hanfeld Austrian sporting goods retailer Hervis is taking the next step in its ongoing restructuring: By the end of June 2024, Dr. Ulrich Hanfeld will assume sole responsibility for the management board. The retail professional was brought into the company at the beginning ...
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ArticleIntersport, Decathlon largest clothing retailers in France
Over the past 24 years, the sporting goods chains Intersport and Decathlon have become the leading retailers of clothing in France, overtaking hypermarkets, which used to control a combined 20 percent of the clothing market in 2000, according to the study Référenseigne Fashion carried out by Kantar, a group of ...
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News briefsIntersport Spain announces Rafael Barbé as new commercial director
Two months after the departure of its Director General, Ángel Solores, Intersport Spain has appointed Rafael Barbé as its new Commercial Director, Modaes.com has reported. Barbé has 29 years of experience in management consulting, with roles at A.T. Kearney and Accenture, among others. Ever since Solores’ departure, Maite García, President ...
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News briefsDecathlon UK makes £2m loss, invests £10m in restructuring measures
Decathlon UK reported a 5 percent drop in sales and a 2.5 percent sales decline on a same-store basis in 2023. The British arm of the French-based retailer experienced a full-year loss of £2 million (€2.37m) after investing £10 million (€11.8m) in transformation initiatives. The results were also affected by ...
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News briefsAuthentic Brands Group hires GM for Africa
Source: Authentic Brands Group Warren Bowers, General Manager Africa Warren Bowers, a 25-year veteran in the fashion, outdoor and sports sectors, has joined Authentic Brands Group as General Manager of the company’s Africa region. In this newly created position, Bowers will oversee Authentic’s expansion across the continent ...
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ArticleRussian sporting goods industry hit by labor shortage
According to market players, Russian sporting goods retail is hit by a persistent labor shortage. Sportmaster, the largest Russian sporting goods retailer, “undoubtedly experiences a lack of workers,” Valentina Vatrak, Head of Sportmaster’s HR department, has told a local news outlet, Retail. Although she claimed the company is staffed 100 ...
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ArticleRussian sporting goods retail benefits from a surge of health-related costs
A study by VTB, Russia’s second-largest state-owned bank, showed that in the first quarter of 2024, Russians spent Rub 42 billion (€438 million) on health and sports-related costs, 21 percent up from the previous year. The sporting goods industry is reaping the benefits of improving health consciousness among the Russian ...
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Infographics & DataSGI Sporting Goods Scorecard 2023
For those looking for revenue and profit benchmarks of the leading brands and retailers in the sporting goods industry, we bring you our 2023 Sporting Goods Industry Scorecard (Split by Apparel, Footwear, Equipment, and Diversified/Retail)
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News briefsRip Curl signs as retail partner for future $100 million surf park in Perth
Rip Curl is partnering with Aventuur, a global creator of surf and wellbeing destinations, as the official retail partner for the future Perth Surf Park, a $100 million development in Western Australia. According to Aventuur, the new surf park, strategically located in Central Cockburn, will open in late 2026. It ...
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News briefsAlo Yoga to expand its retail presence in the UK
Californian-born activewear brand Alo Yoga will open a new store in London later this year. The brand selected Covent Garden’s Seven Dials neighborhood for its new 465-sqm retail space, which will be located at 25a Neal Street, on the junction with Earlham Street. The new store, spanning three floors, ...
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News briefsR-Gol acquires Unisport to forge global football merch empire
R-Gol, backed by Innova Capital, has acquired Unisport from Nordic Capital. The merger combines R-Gol’s strong presence in Central and Eastern Europe with Unisport’s influence in Northern and Western Europe, aiming to shape a leading force in the football retail sector. With a projected combined revenue exceeding €200 million in ...
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News briefsDecathlon Spain suffers indirect cyberattack
On May 27, according to Europa Press, Ciclogreen, the company behind an eponymous mobile app through which corporate employees can “earn rewards for recording their sustainable commutes to work by participating in fun challenges,” endured a cyberattack. One of Ciclogreen’s clients is Decathlon Spain, some of whose employee email addresses ...
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News briefsSalomon opens flagship store on Champs-Élysées
Salomon has opened up the doors to its new flagship store in Paris. On the famous Champs-Élysées, the brand has opened a 295 square meter store. This is the first mountain sports lifestyle store on the famous shopping street. The store features footwear, apparel and gear for running, hiking and ...
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News briefsPhysical stores maintain relevance amid e-commerce surge, study finds
A recent study by Forrester highlights a significant projected growth in global e-commerce, expecting online sales to reach $6.8 trillion by 2028, capturing 24 percent of worldwide retail. Despite this surge, $21.9 trillion of the anticipated $28.7 trillion in total retail sales will still occur offline, underscoring the undiminished importance ...
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ArticleAthleta delivers for Gap Inc. in Q1
Gap Inc.’s CEO Richard Dickson told analysts that its Athleta specialty retail chain has “significant growth potential and a clear and distinct brand positioning rooted in the Power of She.” The latter is being accelerated by a rising global interest in women’s sports and female athletes and Athleta’s decision to ...
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News briefsBarthélemy Guislain re-elected Chairman of AFM, owner of Decathlon
Barthélémy Guislain has been unanimously re-elected by the management board for a further five years as Chairman of Association Familiale Mulliez (AFM), the holding company of the Mulliez family. AFM owns a series of supermarkets and retail chains in different sectors, including Auchan, Decathlon, Leroy Merlin, Kiabi and others. Guislain ...
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News briefsBlue Tomato brings in new Head of HR
Source: Blue Tomato Ramona Ramsauer As the new Head of Human Resources at Blue Tomato, Ramona Ramsauer is now responsible for all “People & Culture” agendas at the Austrian board sports and lifestyle specialist based in Schladming (with additional headquarters in Graz and Vienna). Ramsauer gained international ...
