Retail insights from the sporting goods industry – Page 36
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ArticleNike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
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News briefseBay reports better-than-expected Q4 results
eBay Inc. has published the financial results for the fourth quarter – again reporting negative revenue growth – and fiscal year ended Dec. 31, 2022. “In 2022, we made significant progress on our multi-year strategic journey,” said Jamie Iannone, CEO of eBay. “Our focus category playbook continues to drive the ...
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News briefsDecathlon rents more retail spaces from Kaufland
German retailer Kaufland, who acquired over 100 Real supermarket locations in Germany, is now leasing space to Decathlon at more and more of its former German Real locations. To date, a combination of the Kaufland supermarket and Decathlon stores are to be found at six locations in Germany. In a ...
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News briefsJD Sports aims to crack U.S. market with store expansion blitz
JD Sports Fashion is looking to expand its U.S. store network to around 800 over the next five years as it aims to convert half its Finish Line outlets – the sportswear chain acquired in 2018 – into JD-branded shops, under plans outlined by new chief executive Regis Schultz. The ...
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News briefsOn reportedly has plans for Paris
Swiss brand On is reportedly considering opening its first store in Paris. According to Sport Guide, the Swiss sports brand has been exploring a series of potential locations in France’s capital city, in trendy and elegant districts like the Marais and Saint-Germain des Près. However, the company has not confirmed. ...
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News briefsZalando announces new basic fee and marketplace commission increase
According to information from various media for online retailers, Zalando will soon be introducing a new fee schedule. Previously, the Zalando platform only charged commissions for successful sales. As of July 1, Zalando is implementing a basic fee of €480 per year for its marketplace. The basic fee applies both ...
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News briefsMarks & Spencer launches The Sports Edit on M&S.com
Following the London-based retailer’s early 2022 acquisition of The Sports Edit and ongoing investments in growth categories, including sportswear, Marks & Spencer (M&S) has now integrated the dedicated and fast-growing sportswear platform directly into its own marksandspencer.com website. According to M&S, more than 200 women’s sportswear and apparel products from ...
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ArticleeBay Recommerce Report shows users find financial value in used goods
eBay has released its third annual Recommerce Report, which examines what drives sellers and buyers to participate in the sale of used goods. The latest report (for 2022) also marks the first time eBay has conducted a separate survey exclusively for buyers. Both sellers and buyers are turning to resale ...
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ArticleSportmaster rejects takeover of former Russian Decathlon chain
Russia’s largest sporting goods retailer Sportmaster has declined Decathlon’s offer to purchase its BlueBox chain of stores, which has stood idle since the middle of 2022, an anonymous source in Sportmaster told the Russian newspaper Izvestia. “Firstly, our stores are located close to each other, which is disadvantageous. Secondly, the ...
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News briefsDecathlon to support research on adaptation to climate change
Decathlon has become an equipment partner in the new Deep Climate study, a research project by researcher Christian Clot and the Human Adaption Institute that looks at how humans adapt to situations of change and crisis. Together, they are conducting an expedition to three extreme climates (arid/hot, cold and tropical) ...
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ArticleEtsy accused of 'knowingly' allowing sales of counterfeit product
In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...
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News briefsNew Balance’s new store in Boston features innovative retail concept
New Balance has opened a new retail location at 124 Newbury Street in the U.S. city of Boston. The store’s retail concept is “built to put people, not products, at the center of the consumer experience,” said the brand. The store, designed around central seating, is supposed to encourage customers ...
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ArticleSuper Retail Group profit up 38% in H1
The Australian parent of the Rebel Sport, Boating Camping and Fishing (BCF) and Macpac chains reported a first-half profit of A$144.2 million (€107.0m) against A$110.8 million for the six months ended Dec. 31. Super Retail Group, which also owns the Supercheap Auto chain, recorded a 32 percent increase in first-half ...
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News briefsSnipes invests in new and bigger logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefsSustainability less of a priority in German purchases
The latest GfK Sustainability Index shows that consumers in Germany are planning fewer purchases based on sustainability in the near future. The index for January 2023 now stands at 93.3 points, 6.7 points less than the average for 2022. The index shows the importance of sustainability aspects in consumer purchasing ...
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News briefsSecond-hand isn’t second best, says Unidays fashion report 2023
Unidays, a digital marketplace for student discounts and a networking platform, has conducted a new study among 3,279 of its (27 million worldwide) users in the U.S., U.K., and Australia. As Unidays is a student-only offering, the company connects with a purely Gen-Z target group. The Unidays Fashion Report 2023 ...
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Infographics & DataAverage cost of a 30 second Super Bowl commercial in the U.S. 2002 to 2023
Found out how dramatically the cost of advertising at the Super Bowl has increased in our latest graphic.
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News briefsSkechers to open new stores in Jerez and Valencia
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
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News briefsSnipes now has a COO
Peter Buse has been appointed chief operating officer of Snipes, a new role at the Cologne-based sneaker and streetwear retailer. Most recently, Buse held the same role at Momox, from July 2019 to July 2022. He previously worked at Netrada, also as COO, and at Arvato as logistics manager. This ...
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News briefsUnder Armour announces three new brand stores in Britain
After reporting 33 percent growth in the EMEA region earlier this week, U.S. brand Under Armour (UA) has announced the opening of three new brand-owned stores in the U.K. over the next few months: Liverpool ONE, Liverpool: February Battersea Power Station, London: February Stratford Westfield, London: March ...
