More retail news – Page 74
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News briefs
An anti-trust probe against Alibaba
The Chinese government’s State Administration for Market Regulation (SAMR) has launched an anti-trust investigation against the Alibaba Group to verify charges that its marketplaces require merchants to sign exclusive agreements that prevent them from offering products on other internet platforms. At the same time, the People’s Bank of China, which ...
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News briefs
Adidas and Fear of God enter long-term basketball partnership
Adidas and Fear of God, the Californian fashion company founded and led by Jerry Lorenzo, have announced a long-term partnership that will see Lorenzo drive the creative and business strategy for Adidas basketball globally. The partnership will also solidify the establishment of Fear of God Athletics, a third sub-label of ...
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+++ Go Sport has unveiled a new more digital store concept at its 1,800-square-meter location on Place de la République in Central Paris +++ Intersport has opened two new modern franchised stores with optimized visual merchandising in Switzerland, located in Sierre and Grindelwald +++ Sporthaus Saemann, a German sports retailer ...
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ArticleE-tailers and fewer ski resorts escape new anti-Covid measures
Frasers Group, the parent company of the Sports Direct chain, was the first major retailer in the U.K. to withdraw its guidance for its current financial year after the government, on Dec. 19, ordered the shutdown of all stores selling non-essential products in London and Eastern and Southeastern England. They ...
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News briefs
Sport 2000 Gigasport is Sports Retailer of the Year in Austria
Sport 2000 Austria is delighted that two of its retail members are among the three winners of this year’s Austrian sports business award, Victor. First place went to Sport 2000 Gigasport, with Bründl Sports, a former Intersport member located in Kaprun, coming in second. Sport 2000 Simon from Saalfelden made ...
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News briefs
Dubai-based GMG Group acquires Royal Sporting House
Gulf Marketing Group (GMG) has acquired Royal Sporting House from the Al-Futtaim Group. The financial details of the deal have not been disclosed. GMG Sports, one of GMG’s divisions, is described as the largest sports retailer and distributor in the Middle East, with more than 200 stores across the Gulf ...
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News briefsAdidas collaborates with a porcelain manufactory
Adidas is collaborating with Europe’s oldest porcelain manufactory, Meissen, on a very expensive leather sneaker with ceramic overlays. The ZX800 was inspired by Meissen’s “Krater” vase of 1856, with its 130 floral patterns. Of these, 15 were selected for hand-painting on each pair. One pair of the sneakers is being ...
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ArticleDigital, China and EMEA help Nike to grow strongly
The Nike group reported good results for its second fiscal quarter ended on Nov. 30, boosted by sharply higher online sales and double-digit growth in the EMEA region and China. On a constant-currency basis, the Nike brand’s sales rose by 8 percent to reach a level of $10,700 million, driven ...
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News briefs
Burton is paying sales commissions to wholesalers and retailers
According to Boardsport Source, Burton has initiated in certain European countries a pilot version of the “Sales Incentive Program” it has set up in the U.S. Employees at its wholesale partners in in Germany, Austria and Switzerland are receiving a commission, or “cash bonus,” on the sale of Burton x ...
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News briefsOn Running opens a highly digital global flagship in New York
On Running has opened its first global flagship store. Located in New York City’s NoHo (short for north of Houston Street), the store is designed to become, in time, a “seasonal hub” for runners and athletes. For now it is serving digitalized personalization. “Hidden gait-cycle analysis” via a “custom-built invisible ...
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News briefs
Nike opens flagship store in Barcelona with Italy’s Percassi
Nike has inaugurated a new megastore in Barcelona’s Paseo de Gracia, one of the city’s major avenues and a main shopping and tourist area. Studded with digital features, it provides many options for product customization. The floor is made with some 80 tons of recycled materials, equivalent to 188,000 football ...
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Infographics & DataThe Spanish Sports Retail Market
This interactive chart shows the largest spanish sports retailers by revenue, total market size 2019, market shares and revenue development vs the previous year. This chart can be downloaded as JPG, PNG or PDF.
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News briefs
A collective e-commerce platform for Spanish buying groups
Many Spanish independent sports retailers do their purchasing through a variety of buying groups. Diffusion Sport reports that Spain’s National Association of Buying Groups and Organized Commerce (Anceco) has brought to fruition a two-decade-old idea to gather SMEs with similar profiles into a collaborative scheme to enable them to compete ...
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News briefs
Moncler opens its largest store, but another one is sacked
A band of a dozen individuals entered a Moncler boutique on boulevard Saint-Germain, in the elegant and trendy 6th district of Paris, in the afternoon of Friday, Dec. 11 and stole as many jackets of the brand as they could in a matter of seconds. The hooded individuals required the ...
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News briefs
Adidas confirms options for Reebok
Confirming previous media reports, the Adidas Group says that it has started considering various options for its Reebok brand, including a possible sale. “As part of the development of its new five-year strategy, adidas has begun to assess strategic alternatives for Reebok. These strategic alternatives include both a potential sale ...
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News briefs
Denmark extends Covid-related restrictions for retail and sports, but sports retailers are happy
Danish sporting goods retailers indicate that their sales have been higher overall this year than in 2019 - in spite or because of the pandemic. Public authorities have encouraged people to practice sports, especially outdoors. As they have been saving money on anything except e-commerce, they are also said to ...
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+++ Rossignol is opening its first flagship store in Lyon, located in the elegant Presqu’Ile district of the French city +++ Skechers has opened its first flagship store in Munich on the city’s high-traffic Kaufingerstrasse +++ Nike’s Jordan brand is opening a 4,500-square-foot store in Manila, at Bonifactio Global City, ...
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ArticleDecathlon will gross €30m in its first year in Ireland
For several reasons, Decathlon’s entry into the Republic of Ireland, which added a 59th country to the French sports retailer’s worldwide roster, has been a huge success. The project’s 41-year-old leader, Bastien Grandgeorge, is expecting a profit on sales of around €30 million in the first year of operation of ...
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News briefs
Runners Need plans further retail expansion
Runners Need will be opening 10 stores in 2021. The British retailer has opened nine stores this year – in Manchester, Edinburgh, Belfast, Kingston Upon Thames, South Cerney, Chester, Brighton and London’s Covent Garden and Islington – and now operates 43. It has also recently enjoyed its best e-commerce sales, ...
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News briefs
Fanatics acquires WinCraft
As Sports Business Daily reports, Fanatics has acquired WinCraft, in a move that will diversify the company’s reach beyond its core licensed apparel business. Established in 1961, WinCraft is a producer of sports-themed hardgoods and other non-apparel items. The company generates about $100 million in annual revenues, according to Fanatics, ...
