Retail insights from the sporting goods industry – Page 51
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News briefsFootway reports loss in Q2
According to an article in Swedish trade publication ehandel.se, e-commerce company Footway Group closed its second quarter with a loss of nearly SEK 27 million (€2.54m). The company’s sales also fell by SEK 100 million from SEK 387 million last year to SEK 282 million (€26.57m) in the second quarter ...
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News briefsJD Sports to build new headquarters with space for 2,000 employees
As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...
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News briefsNike to open new store at Liverpool Shopping Park
Nike has signed a ten-year lease at the Old Swan complex in Liverpool. Nike’s new 930-square-meter store at The Derwent Group’s Liverpool Shopping Park will take over a unit formerly occupied by fashion retailer Outfit. The store is expected to open in the second half of this year. The Liverpool ...
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News briefsKlarna starts $800m fundraising round, but drops in valuation
The Swedish financial technologies company Klarna is raising $800 million in a funding round advised by Goldman Sachs. The sum is planned to flow primarily into the company’s expansion in the U.S., where Klarna has roughly 30 million users. However, Klarna’s current valuation of $6.7 billion is a significant drop ...
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News briefsPádel Nuestro to open world’s largest pádel store
Pádel Nuestro – now with a new logo – says that on July 15 it will be opening the world’s largest pádel store, a flagship of 500 square meters at 41 Calle María de Molina in Madrid. The customers will be permitted to test racquets before making a purchase. The ...
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News briefsStockX launches new global campaign
Sneaker marketplace StockX has launched a new global brand campaign based on the idea of ownership. Developed in collaboration with creative firm Mojo Supermarket, StockX’s new “Own it” campaign encourages people around the world to “own it” as “a celebration of self-expression and inner confidence.” As StockX continues to invest ...
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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News briefsMunich to open six stores
Munich is continuing to expand in Spain, adding six brand stores to the 24 it already operates, according to Diffusion Sport. There is a new corner shop at the El Corte Inglés store in Marbella. An outlet in Viladecans, open since June, is specialized in bags and accessories. Another two ...
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News briefsDecathlon and Intersport setting up recycling bins
Decathlon and Intersport are setting up bins in their stores in which customers can deposit used sporting goods (textiles excluded), for recycling or other secondary use, according to the French financial paper Les Echos. Both retailers have joined the network of a non-profit organization called Ecologic, and their full system ...
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News briefsJD Sports appoints retail expert to chair its board
JD Sports Fashion has appointed Andy Higginson as chair of the group, effective July 11. The appointment follows an extensive search process conducted by the board with the support of an external executive search firm, the company said in a statement. Higginson is a highly experienced and proven retailer and ...
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News briefsBlue Tomato opens first store in Sweden
Boardsports and streetwear specialist Blue Tomato has chosen Gothenburg for its first Swedish shop. The 260-square-meter retail store is located at Vallgatan 34. Blue Tomato was founded in 1988 by Austrian snowboarder Gerfried Schuller and opened its first store in 1994. Since 2012, the company has been owned by U.S.-based ...
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News briefsLotto to expand retail footprint in Southeast Asia
WHP Global has announced a partnership with MAP Active (MAPA) for the Lotto brand. Under the terms of the agreement, MAP Active will serve as Lotto’s regional partner across Southeast Asia to further expand the retail footprint of Lotto’s apparel, footwear and accessories business. The partnership involves an omnichannel approach ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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News briefsWorld’s first community-owned e-com platform launches, plans IPO
U.K. tech company WeShop is launching the world’s first community-owned social e-commerce platform, offering consumers shares in the group with every purchase. The company plans to give up to 90 percent of its business to shoppers and aims to be listed on New York’s Nasdaq within 12 months to compete ...
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News briefsVeja opens first Berlin store
Source: Veja Veja Store Berlin The French sneaker brand Veja has opened its first store in the German capital. Located in the central and historic district of Berlin Mitte, the footwear brand offers its line in a 100 sqm shop. Veja’s minimalist corporate design is already found ...
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ArticleIntersport Germany: Growth in challenging times, new store opens in Bad Homburg
On the occasion of the opening of the new Intersport Krumholz store in Bad Homburg near Frankfurt am Main, Dr. Alexander von Preen, CEO of Intersport Germany, gave an interim assessment of the current situation in the sporting goods market and the development of the cooperative.
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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News briefsDecathlon France has selected a new CEO
Source: Decathlon Bastien Grandgeorge is to become CEO of Decathlon France. The change will occur on Oct. 1, at the end of the term of co-CEOs Arnaud Gauquelin and Fabrice Lisardi, who will be taking up other posts in the company. Grandgeorge has been working his ...
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News briefsPuma partners with mobile linking specialist Branch on first global e-com app
Puma and Branch, an omnichannel mobile linking and mobile measurement platform, have partnered to successfully launch and grow Puma’s first global e-commerce app. The rollout began in June with the launch of the Puma app in India (SGI Europe reported). The companies are working together to drive fans and consumers ...
