Retail insights from the sporting goods industry – Page 33
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News briefsSnipes celebrates 25th anniversary with namesake Hollywood star
What was once a streetwear store in Cologne is now a global chain with nearly 700 stores around Europe and the U.S.: Snipes is celebrating its 25th anniversary and has brought its namesake Wesley Snipes on board to party. In a one-and-a-half-minute spot, the actor reviews the retailer’s development and ...
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News briefsAmazon releases Brand Protection Report
Amazon has released its third annual Brand Protection Report to highlight its own progress in four key areas: controls to protect its store; tools to protect brands; holding bad actors accountable; and protecting and educating customers. Of particular note for sporting goods companies, Amazon reports expanded brand protection tools for ...
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News briefseBay and Hatch Enterprise unveil U.K.-based Sneaker Academy
eBay is teaming up with Hatch Enterprise, a London-based entrepreneur accelerator, to launch the Sneaker Academy, a program designed to help young people turn their passion for sneakers into their own online business. The free 14-week program, targeted at young sneakerheads from under-served communities, hopes to transform reselling passion projects ...
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News briefsDecathlon turnover rises 12%, beating IIC’s 2022 results
French sporting goods retailer and manufacturer Decathlon continued its global growth in 2022. Despite an “unstable global economic and geopolitical context,” according to CEO Barbara Martin Coppola, turnover rose by 12 percent compared to 2021 to €15.4 billion. Online sales now account for 17 percent of the total turnover (after ...
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News briefsSpanish retailer to leave Intersport
Deportes Alvarado will be severing its ties with the Intersport Spain buying group on Oct. 31, according to CMDsport. This is its 50th anniversary year, and it has been with Intersport for about half of its existence. “We are not leaving Intersport over any difference or dispute with the group,” ...
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News briefsAdministrative changes to come at El Corte Inglés
El Corte Inglés and labor representatives have agreed to a plan, according to Diffusion Sport, to reorganize the retailer’s central and regional administration so as to increase the efficiency of operations. Affected by the changes will be some 2,100 employees. The plan is intended to maintain employment but also to ...
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News briefsAmazon marketplace far ahead of the competition worldwide
Amazon’s marketplace receives four times as many annual visitors (4.810 billion) as its nearest competitor in the field of third-party sales, eBay, according to Diffusion Sport, which has reviewed several figures from Statista. In fact, the Amazon marketplace’s visitor total is higher than that of its ten biggest competitors combined. ...
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News briefsZalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
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News briefsUnder Armour opens new brand house in London
Under Armour has announced the opening of a new Brand House at Westfield Stratford City in London. This comes after the company reported a significant growth in the EMEA region in the third quarter of FY23. The company’s quarterly sales increased 32 percent (46% in constant currency). The deal is ...
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News briefsJD.com to spin off industrial and real estate units
Inside Retail Asia reports that Chinese e-commerce company JD.com plans to spin off its real estate and industrial units and list them on the Hong Kong Stock Exchange. In 2017, the Beijing-based company spun off its logistics unit into a separate entity and then opened its delivery and warehousing services ...
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News briefsDecathlon U.K. launches rental scheme nationwide
Following a successful trial last year, Decathlon is now rolling out its sports rental scheme in all its stores across the U.K. The rental scheme includes bikes, tennis rackets, paddle boards and kayaks. The retailer has committed £1 million (€1.14m) worth of products to the scheme. Decathlon tested the scheme ...
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News briefsThe Athlete’s Foot appoints Beth Greenfield as lead merchandiser and buyer
Specialty footwear and lifestyle chain The Athlete’s Foot has announced industry veteran Beth Greenfield as its new lead merchandiser and buyer. Greenfield has over 25 years of experience in retail, buying and merchandising, working for brands like Champion, Puma, Footlocker, and Citi Trends. In her new role at The Athlete’s ...
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ArticleH&M increases pressure on EU with open letter on delayed REACH revision
Fashion giant H&M Group has sent a letter to EU authorities calling for more progressive chemicals legislation, particularly in relation to the upcoming revision of the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation. The paper contains three demands to improve chemicals policy in the European Union: An ambitious ...
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News briefsWolverine Worldwide announces change to Sweaty Betty reporting structure
Wolverine Worldwide has announced Sweaty Betty will now report to its London-based International Group, which is responsible for operations outside the U.S. Previously, Sweaty Betty was aligned with Wolverine’s Active Group but reported to Wolverine Worldwide president and CEO Brendan Hoffman. Sweaty Betty will now report to Isabel Soriano, president ...
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ArticleIntersport Austria continues to push the bike segment
Despite a moderate winter and partly mild temperatures, the winter business went well for Intersport Austria. In the first half of the fiscal year (Oct. 1, 2022 - March 31, 2023), the Austrian retail group reports sales of about €380 million, up 5 percent from the previous year. Among the ...
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News briefsIntersport Spain has a new country director
Ángel Solores will replace Xavier Alomar as the head of Intersport Spain, effective April 1. Alomar, who joined Intersport in 2019, is leaving the company to pursue other personal projects, Intersport said. Solores has long-standing experience in sports retail and consulting after running Probike for ten years and working for ...
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News briefsAlibaba continues global digital talent program with global conference
The Alibaba Group has continued its global digital talent (DGT) program, an initiative to promote academic exchanges and talent incubation for global digital transformation and inclusive development. The first hybrid conference since the pandemic brought together representatives of Alibaba’s global partner educational institutions, showcasing the learnings and achievements of the ...
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ArticleTokens here and everywhere
In a study it has recently released titled “Digital Assets Trends,” a company by the name of Reply has concluded that tokenization can be universal. In other words, just about anything can be turned into or paired with a digital asset on a blockchain. Over the past couple of years, ...
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News briefsAlibaba to be divided into 6 business units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision-making links and respond faster,” Daniel Zhang, chairman and chief executive, wrote in a letter to staff. The six units will ...
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News briefsSpanish group’s plans so far paying off
Base Detall Sport continues to pursue its triple plan of expansion, verticalization and digitalization, according to Diffusion Sport. The Spanish group has now converted most of its stores to the new corporate image, and post-conversion sales are up on average by 20 percent. As we reported last month, the group ...
