Retail insights from the sporting goods industry – Page 47
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News briefsInstagram changes e-commerce strategy step by step
Meta, the parent company of Instagram and Facebook, has announced another change to Instagram’s e-commerce options. According to an internal memo quoted by The Information, it plans to remove the platform’s “Shopping” page due to “shifts in company priorities.” Instagram plans to pivot toward a less personalized version of the ...
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News briefsCorinne Gensollen named new chair of Intersport International
Source: IIC Corinne Gensollen, Intersport International Corporation’s new chairwoman At its annual general meeting in Helsinki, the delegates of the national Intersport organizations voted for Intersport International Corporation’s (IIC) new board of management. Rick White was re-elected as an independent IIC board member from Canada. At the ...
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ArticleGymshark opens first brick-and-mortar store
Gymshark has announced it will open its previously announced flagship store on Regent Street in London on Oct. 1. This first-ever brick-and-mortar store for the British brand will span around 1,700 square meters and feature several other functions in addition to the sale of Gymshark products and apparel. For example, ...
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News briefsSaucony boosts its retail presence in Spain
Saucony, a brand of Wolverine Worldwide, is planning to open around 20 shop-in-shops at El Corte Inglés’ department stores across Spain between 2022 and 2023, Modaes has reported. Specifically, between ten and twelve will open in the fourth quarter of 2022, devoted to its Originals product line (fashion). Six or ...
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ArticleCanada Goose shows optimism about consumer demand
Canada Goose is optimistic that its fiscal 2023 income statement will not include any red figures, as its luxury consumer base remains relatively unfazed by the market’s current woes. At the Goldman Sachs Global Retailing Conference, the company said the North American market will remain very healthy in 2023, while ...
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News briefsOn partners with Trove to launch U.S. resale site and online exchange program
Swiss sportswear and athletic footwear brand On has launched Onward in the U.S., a new resale site and online exchange program powered by California-based brand e-commerce specialist Trove. The Onward program is an extension of On’s existing ESG initiatives, which focus on driving sustainability through innovation and promoting the circular ...
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ArticleVolumental announces 86% increase in revenue
Volumental, a Sweden-based global platform offering 3D foot scanners, announced that it has seen an 85 percent increase in revenue this year and scans half a million consumers’ feet per month. With poor fit being the most common reason for shoe returns, stores that have implemented Volumental’s foot scanning technology ...
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ArticleSport 2000 digitizes NOS processing
For the start of the spring/summer 2023 shopping season, Sport 2000 has, for the first time, completely digitally processed order preparation and entry for the NOS (never out of stock) segment. Together with MobiMedia and its digital order platform Quintet24, the retail group has developed a system that enables a ...
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ArticleSport 2000 Austria well positioned for upcoming challenges
Source: SPORT 2000 Holger Schwarting, CEO Sport 2000 Austria, which is celebrating its 50th anniversary this year, is expecting slight sales growth in its anniversary year. ”The times are very eventful at the moment. On the one hand, sports retailers are benefiting from the megatrends of sports ...
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ArticlePhysical retail in Sweden grows 3% in 2021
On behalf of the Swedish Trade Council, HUI Research conducts an annual study of Sweden’s regional retail businesses across all consumer goods segments. The survey, which has been running since 1992, contains unique data and is one of the most reliable sources of knowledge about retail trade at the local ...
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ArticleAlibaba wants to establish Lazada in Europe
Alibaba’s unit Lazada plans to enter the European market and take on its online rivals such as Amazon and Zalando. In an interview with Bloomberg News, Lazada’s CEO, James Dong, highlighted that Europe is a “very big market” and that ”for most of the European brands, their largest retail partner ...
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News briefsJD Sports offers Pennies donation service at Go Outdoor and other stores
France-based payment service provider Worldline has partnered with sports fashion retailer JD Sports to enable its customers to make donations through its payment terminals using the charity fintech Pennies’ micro-donation application. Currently in use at 151 locations, the product will be fully rolled out to approximately 679 JD Group stores, ...
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ArticleESG Report 2022: Alibaba reduces carbon footprint by 620,000 tons using renewable energy
Alibaba Group announced that it has saved 619,944 metric tons of carbon dioxide equivalents over the past 12 months by using clean energy sources to achieve its goal of carbon neutrality. That savings is equivalent to the amount of carbon dioxide generated by 12,915 U.S. households in a year, according ...
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ArticleSports Direct pledges to donate footballs to encourage girls’ participation in the game
Sports retailer Sports Direct has launched the Equal Access campaign, donating free footballs to grassroots clubs across the U.K. The company is responding to the most recent historic moment for women’s football and the growing call for more opportunities for girls to play the game. The campaign is part of ...
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News briefsDecathlon Germany bundles stores in Karlsruhe
Decathlon is represented in Germany with more than 80 stores and continues to adapt its store network to customer needs and local conditions. The Decathlon store in the Postgalerie in Karlsruhe will therefore move with its 45 employees on Oct. 1 to the Decathlon store in Karlsruhe-Durlach, which is currently ...
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News briefs
Amazon launches new seller service to solve supply chain challenges
As part of Amazon’s investment in its warehousing and distribution network to support sellers and improve customer service, the online marketplace has introduced a new solution that allows sellers to use new, purpose-built facilities for bulk inventory storage and automated distribution called Amazon Warehousing & Distribution (AWD). Amazon says AWD ...
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News briefsDecathlon Italy moves Olmi store to Treviso Canova
Opened in 2005, the Decathlon Olmi store will move to Treviso Canova on Oct. 8, 2022, to expand its offerings. A larger sales area and a team of 60 employees will allow the retailer to offer more services, including the rental of bikes and e-bikes, skis, snowboards, canoes and kayaks, ...
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News briefsSports Direct’s owner wants to buy MySale
Frasers Group, the owner of Sports Direct, has made a cash offer for Australian off-price marketplace MySale, in which Frasers Group is already the largest shareholder. Frasers acquired a 28.7 percent stake in MySale earlier this summer, as reported by SGI Europe at the time. The retail group has now ...
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News briefsNike opens first flagship in West Africa
Nike has opened a 500-square-meter flagship store in Lagos. It is the brand’s first in Nigeria and the whole of West Africa. The store is powered by Hudson Brand Development Nigeria, a subsidiary of Hudson Holdings Group, the retail partner for Nike and other sports and fashion brands in the ...
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ArticleReducing energy costs in European retail: a colder, darker winter
With energy prices skyrocketing and the need to replenish gas reserves before winter, everyone is doing their part, and global energy conservation measures have already been taken in the retail sector. While customer service and satisfaction are top priorities in retail, stakeholders may be reluctant to engage in actions that ...
