Retail insights from the sporting goods industry – Page 25
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News briefsMike Ashley is reportedly eyeing an outlet shopping village near Leeds
British billionaire Mike Ashley, the founder of Sports Direct, has reportedly offered nearly £50 million (€58.4m) for Junction 32, according to The Times. Junction 32 is an outlet shopping village on the outskirts of the U.K. city of Leeds, in Yorkshire. The shopping destination, which features a retail space of ...
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News briefsBank engages in financed e-commerce
Gupo Kutxabank – born in 2012 from the merger of BBK, Kutxa and Vital, three banks in Spain’s Basque Country – has launched an online shop of goods and services for its customers, TradeSport reports. Kutxabankstore, as the service is called, divides its offering into six sections: technology, mobility, household, ...
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News briefsSales up for H1 at Base Detall Sport
Base Detall Sport is satisfied with its performance so far in 2023, which it considers a year of stabilization and consolidation. With VAT excluded, accumulated sales for the first half amounted to about €65 million, for an increase of 13 percent year-on-year, as Diffusion Sport and TradeSport have reported. Online ...
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ArticleFootway Group has applied for voluntary company reorganization
Swedish Footway Group, operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” and an acute liquidity situation. During the reconstruction period, ...
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News briefsDecathlon rolling out virtual try-ons
Decathlon has introduced a tool to help online customers select a size for the garments they order. Although there have been no official announcements from the company, its global Chief Digital Officer, Jerome Dubreuil, has described the tool in a LinkedIn post – as Retail Technology Innovation Hub has discovered. ...
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News briefsFoot Locker to enter Thailand in September
Foot Locker is set to open its first brick-and-mortar store in Thailand in September. The exact opening date has yet to be announced. The store will be located inside the Siam Center shopping mall in Bangkok. Thailand will be Foot Locker’s fifth market in the Southeast Asian region, adding to ...
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News briefsNew Balance’s new store concept launches in Singapore
New Balance has inaugurated a new store in Singapore featuring its latest retail concept, “Built to put people, not products, at the center of the consumer experience.” It is the brand’s first store of its kind in Southeast Asia and the third in the world, following the launch of the ...
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News briefsDecathlon may want to make private labels more concise
According to French industry magazine Challenges, Decathlon is planning to consolidate its numerous private brands. According to the publication, CEO Barbara Martin-Coppola plans to reduce the number of brands from around 70 to 12, while the Decathlon brand will be expanded through a range of multi-sport products. A similar step ...
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News briefsSuperdry shuts down eight franchise-operated stores in the UK
Superdry has confirmed that it is “in the process of closing” eight stores in the UK operated under license. Most of the 104 Superdry stores in the UK are operated directly by the company, and there are currently no plans to shut down any of them, the retailer said. Since ...
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News briefsUnder Armour opens Brand House on Oxford Street
Under Armour has unveiled its latest Brand House on London’s iconic Oxford Street, a significant milestone in its European growth plan, according to the Baltimore, Maryland-based company. The Oxford Street location, which opened July 20, is the latest in a string of successful Brand House openings after Westfield Stratford, Battersea ...
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News briefsNike battles online counterfeiters, trademark infringers
Nike is attempting to combat e-commerce sellers on global platforms who continue to sell unauthorized and unlicensed Swoosh merchandise using counterfeit and infringing versions of the company’s federally registered trademarks. Last week in U.S. federal court for the Northern District of Illinois, Eastern Division, Nike filed its latest complaint against ...
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News briefsGlobal demand for “Made in China” increases on Alibaba.com
Chinese online wholesale marketplace Alibaba.com reported on its blog that cross-border demand for “Made in China” goods on its platform rose 33 percent year-on-year in the first half of 2023. Cross-border trade with Europe and the United States partially recovered through Alibaba.com between January and June, supporting continued rapid growth ...
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News briefsAbout You, Yoox Net-A-Porter and Zalando expand their “Fashion Leap for Climate” platform
On the second year of their collaboration, About You, Yoox Net-A-Porter and Zalando are expanding their co-created “Fashion Leap for Climate” climate learning platform. The three online retailers have extended invitations to 250 of their brand partners, up from 55 brands who took part in the first year of the ...
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News briefsDecathlon to run 17 stores in part on solar power
Decathlon Spain is installing some 12,542 square meters of solar panels onto the roofs of 17 of its stores, according to Diffusion Sport. It expects the panels to generate more than 3.7 million kWh, or about 35 percent of the stores’ annual consumption of electricity, for a savings of 1,277 ...
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News briefsFútbol Emotion on track for record year
Fútbol Emotion’s football, e-commerce and team-sports divisions have together achieved year-on-year growth of 70 percent for the first half of 2023, according to CMDsport’s sources within the company. Annual sales have risen from about €34 million in 2021 to €50 million in 2022. For the current year, the company is ...
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ArticleEurope’s one pickleball firm sets out to conquer America
Back in 2020, amid the lockdowns, Xiana López discovered through a market study that Europe had yet to produce a pure player in the pickleball business, despite the buzz floating over the pond from the U.S. There were pádel and tennis brands selling pickleball racquets, but none that would develop ...
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News briefsSSU adds former Accell Group CEO to board of directors
Signa Sports United N.V. (SSU), an NYSE-listed sports e-commerce company with businesses in cycling, tennis, outdoor and team sports, announced the appointment of Anthonie Anbeek to its board of directors, effective April 1, 2024. Anbeek, an experienced consumer products and cycling executive who most recently served as CEO of bicycle ...
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News briefsZalando introduces size recommendations based on customers’ body measurements
The online shopping platform Zalando has introduced a new tool allowing customers to receive size recommendations based on their body measurements. Taking two photos with a smartphone in tight-fitting clothes is enough to determine body measurements and help customers find the right fit for their next purchase. This is an ...
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News briefsChina Dongxiang increases Chinese Kappa sales in Q1
China Dongxiang, which has been publicly traded for 15 years and holds the rights to the Kappa brand in China, announced that retail sales at its Kappa and Kappa Kids stores - 1,020 doors at the end of the quarter, a decrease from the previous quarter of five stores - ...
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News briefs11teamsports acquires Kickz
11teamsports, one of Europe’s leading team sports specialists for products and team services, has acquired basketball and streetwear retailer Kickz. Kickz was founded in Munich in 1993 and is a multi-brand retailer specializing in basketball and sneakers. Zalando purchased Kickz in 2017 and sold it in late 2019 to Play ...
