Retail insights from the sporting goods industry – Page 5
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News briefsStockX halts 400,000 suspected fakes in 12 months
The online marketplace StockX reports in its Big Facts: The Verification Report, which covers the twelve months to May 31, 2024, that it used its verification methods to reject over 400,000 suspected counterfeit products worth almost $85 million. This is around 100,000 more counterfeits than in the previous year. In ...
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ArticleRussian sporting goods industry hit by labor shortage
According to market players, Russian sporting goods retail is hit by a persistent labor shortage. Sportmaster, the largest Russian sporting goods retailer, “undoubtedly experiences a lack of workers,” Valentina Vatrak, Head of Sportmaster’s HR department, has told a local news outlet, Retail. Although she claimed the company is staffed 100 ...
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ArticleRussian sporting goods retail benefits from a surge of health-related costs
A study by VTB, Russia’s second-largest state-owned bank, showed that in the first quarter of 2024, Russians spent Rub 42 billion (€438 million) on health and sports-related costs, 21 percent up from the previous year. The sporting goods industry is reaping the benefits of improving health consciousness among the Russian ...
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Infographics & DataSGI Sporting Goods Scorecard 2023
For those looking for revenue and profit benchmarks of the leading brands and retailers in the sporting goods industry, we bring you our 2023 Sporting Goods Industry Scorecard (Split by Apparel, Footwear, Equipment, and Diversified/Retail)
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News briefsUS boardsports retailer Tactics to launch in Japan this autumn
Tactics has announced its entry into the Japanese market. The US-based retailer, specializing in skateboarding and snowboarding gear, plans to open its first Japanese brick-and-mortar store at the Sapporo Factory, a large shopping and entertainment destination in the heart of Sapporo. The store is scheduled for opening on Nov. 1, ...
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News briefsRip Curl signs as retail partner for future $100 million surf park in Perth
Rip Curl is partnering with Aventuur, a global creator of surf and wellbeing destinations, as the official retail partner for the future Perth Surf Park, a $100 million development in Western Australia. According to Aventuur, the new surf park, strategically located in Central Cockburn, will open in late 2026. It ...
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ArticleCisalfa opens first Intersport Superstore to strengthen presence in Italy
The Cisalfa Group has opened the first Intersport Superstore in Italy, a new format of multi-brand sports stores. This is a key part of the Italian group’s expansion plan to diversify its offerings and appeal to a broad and diverse customer base to reach new market segments and better respond ...
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News briefsNew Balance opens second store in Mumbai
New Balance has opened a new store at the Infiniti Mall in Malad, one of the top shopping destinations in Mumbai. It is the brand’s second store in Mumbai, following the opening of its first retail location on Linking Road less than a month ago. The first store was inaugurated ...
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News briefsAlo Yoga to expand its retail presence in the UK
Californian-born activewear brand Alo Yoga will open a new store in London later this year. The brand selected Covent Garden’s Seven Dials neighborhood for its new 465-sqm retail space, which will be located at 25a Neal Street, on the junction with Earlham Street. The new store, spanning three floors, ...
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ArticleANWR Group is confident about the future
At the Annual General Meeting of the international trade cooperation ANWR Group eG on June 5 in Mainhausen, Germany, the Executive Board presented the strategic fields of action for the coming years under the motto “We make trade successful”. In the future, the ANWR Group will strongly focus on the ...
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News briefsR-Gol acquires Unisport to forge global football merch empire
R-Gol, backed by Innova Capital, has acquired Unisport from Nordic Capital. The merger combines R-Gol’s strong presence in Central and Eastern Europe with Unisport’s influence in Northern and Western Europe, aiming to shape a leading force in the football retail sector. With a projected combined revenue exceeding €200 million in ...
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News briefsOneFootball teams up with Stadion to launch soccer marketplace
OneFootball has announced a new collaboration with Stadion, a London-based digital sports agency, to introduce a unique online soccer marketplace. This venture aims to integrate a personalized e-commerce platform within the OneFootball app, providing AI-powered product recommendations to fans. Set to debut this summer, the marketplace will allow fans to ...
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News briefsDecathlon Spain suffers indirect cyberattack
On May 27, according to Europa Press, Ciclogreen, the company behind an eponymous mobile app through which corporate employees can “earn rewards for recording their sustainable commutes to work by participating in fun challenges,” endured a cyberattack. One of Ciclogreen’s clients is Decathlon Spain, some of whose employee email addresses ...
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ArticleFoot Locker to spend as much as $1 billion on stores
In line with the strategy laid out in March of last year, the “Lace Up Plan,” Foot Locker is looking to invest up to $1 billion in opening and renovating stores in a new format all over the world, according to Modaes and other sources. The first such store opened ...
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News briefsSportsshoes.com announces 11% increase in sales, 663,000 new customers in last 12 months
SportsShoes.com has achieved an 11 percent year-on-year increase in turnover to £90m (€105.6 million) and acquired 663,000 new customers in 12 months. The retailer also secured 749,000 orders from repeat customers during the same period. SportsShoes.com offers more than 17,000 products from 150 running and outdoor brands, including Nike, Adidas ...
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News briefsSalomon opens flagship store on Champs-Élysées
Salomon has opened up the doors to its new flagship store in Paris. On the famous Champs-Élysées, the brand has opened a 295 square meter store. This is the first mountain sports lifestyle store on the famous shopping street. The store features footwear, apparel and gear for running, hiking and ...
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News briefsAdidas reopens its large Champs-Elysées store in Paris
Adidas has relocated and reopened its Champs-Elysées store in Paris. The store moved a few meters up the iconic road and is now next to the Georges V metro station. It is an extra-large, three-storey boutique with a sales area of 2,820 square meters. The first floor is devoted ...
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News briefsPhysical stores maintain relevance amid e-commerce surge, study finds
A recent study by Forrester highlights a significant projected growth in global e-commerce, expecting online sales to reach $6.8 trillion by 2028, capturing 24 percent of worldwide retail. Despite this surge, $21.9 trillion of the anticipated $28.7 trillion in total retail sales will still occur offline, underscoring the undiminished importance ...
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ArticleAthleta delivers for Gap Inc. in Q1
Gap Inc.’s CEO Richard Dickson told analysts that its Athleta specialty retail chain has “significant growth potential and a clear and distinct brand positioning rooted in the Power of She.” The latter is being accelerated by a rising global interest in women’s sports and female athletes and Athleta’s decision to ...
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News briefsLiverpool FC expands in Asia with new retail partnership in Indonesia
Liverpool FC is expanding its global retail footprint with a new partnership in Indonesia, marking another strategic move to bolster its presence in Asia. The English Premier League club has teamed up with PT Kanmo Weston Retailindo, a collaboration between Weston Corporation of Singapore and Indonesia’s Kanmo Group. The fresh ...
