Retail insights from the sporting goods industry – Page 18
-
News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
-
News briefsEl Corte Inglés is the latest signatory to Spain’s SCRAP
El Corte Inglés has become a member of Spain’s Association for the Management of Textile and Footwear Residues. In its brief history – it was founded a year ago, last January – the association has obtained the membership also of Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam. It was ...
-
News briefsSigna’s KaDeWe Group files for insolvency
Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...
-
ArticleSeveral potential buyers for SportScheck
The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...
-
News briefsNew CSR Manager at Sport Conrad
Source: Sport Conrad Maria Ries The German multichannel sports retailer Sport Conrad has appointed Maria Ries to the position of CSR Manager on Jan. 1, 2024. She takes over from Stefanie Buchacher, who has played a key role in shaping the company’s sustainability strategy over the past ...
-
News briefsSwedemount successfully confirms reconstruction plan approval
Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...
-
News briefsSurge in shoplifting hits England
Shoplifting offenses are on the rise across England and Wales, reaching a 20-year high, as reported by the Office for National Statistics (ONS). Police recorded over 400,000 incidents in 2023 up to September, marking a 32-percent increase from the previous year. Retailers in England and Wales are grappling with a ...
-
ArticleIntersport Germany continues to grow in 22/23
Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...
-
ArticleSport 2000 GmbH with stable development in 2023
The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...
-
News briefs
Sports Direct buys former M&S Liverpool building
Frasers Group, the owner of Sports Direct, has acquired the former Marks & Spencer store in Liverpool as part of its strategy to own the properties it occupies. The acquisition involves obtaining the long leasehold of Compton House on Church Street. The process of transforming the M&S store into a ...
-
News briefsJD Worldwide opens fashion warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris, France. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise and exclusively ...
-
News briefsSwedish sports retail sees eighth straight quarterly decline
Despite a snowy kick-off to the winter season, the sports retail sector in Sweden did not manage to post positive figures during the fourth quarter of 2024. While the snow provided a significant boost, sales declined by 0.4 percent. This marks the eighth consecutive quarter of negative trends in the ...
-
News briefsHacker attack hits Swedish sports chain Stadium
Over the weekend, the Russian-tied hacker group Akira carried out a cyber attack against the Finnish IT provider Tietoevry. This forced the provider to shut down Primula, Sweden’s largest HR system. In addition to managing 120 Swedish government agencies, the attack also affected the Swedish sports retail chain Stadium. Stadium’s ...
-
News briefsXXL switches to Walley as payment provider
XXL is changing its payment provider in the Nordic market. The company has been using Klarna for a while, but now it´s switching to Walley, which aims to assist the sports retail chain in developing multiple payment solutions. Walley will support both digital and in-store transactions, catering to individual consumers ...
-
News briefsNew Balance opens four concept stores in Cambodia
New Balance is making a significant splash in Cambodia as it enters the market with the opening of four concept stores in Phnom Penh. According to Inside Retail, the footwear brand has strategically chosen locations, with four stores situated at Chip Mong 271 Mega Mall and spanning three Aeon malls ...
-
ArticleANWR Group accelerates positioning of affiliated retail networks
Volatile conditions with wars and conflicts around the world, economic uncertainties and high inflation rates weighed on consumers’ buying mood last year. This posed a particular challenge for medium-sized specialist retailers. The focus of the Germany-based ANWR Group in 2023 was on raising the profile and increasing the profitability of ...
-
News briefsNike unveils enormous mono-brand store in Singapore
Nike is set to launch its largest mono-brand store in Asia outside of China, in collaboration with Middle East-based retailer GMG, on Singapore’s Orchard Road. The upcoming Nike Orchard store will cover an expansive 2,600 square meters over three floors, offer online-to-offline services and feature exclusive Jordan Brand merchandise. According ...
-
News briefsDecathlon announces new leader for global marketing strategy
Decathlon has promoted Erwan Soquet to Global Marketing Strategy Lead. He joined Decathlon in January 2020 as head of the company’s communications for France. Before Decathlon, Soquet worked for nine years at home improvement retailer Leroy Merlin, where he held leadership roles including Director of Communication Strategy, Director of Communications ...
-
ArticleStockX reveals the most traded and fastest growing brands
StockX’s annual report entitled “Big Facts: Current Culture Index” was released on Jan. 17 and shows the most traded and fastest growing brands on the platform over the past year, including Asics, Ugg and Arc’teryx. The resale platform reached major milestones in 2023, surpassing 50 million lifetime trades, 15 million ...
-
News briefsSnipes USA CMO retires, successor already found
Source: Snipes Dimitrios “Jimmy” Lessen Global sneaker and streetwear retailer Snipes announced the retirement of Brian Forde, Group Chief Merchandising Officer in the US, effective June 30, 2024. After 40 years in the sneaker industry, Forde is stepping down to begin his well-deserved retirement. Forde began his ...
