Retail insights from the sporting goods industry – Page 52
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ArticleSales up by 18.3% at Decathlon Spain
Decathlon Spain generated revenues of €2.034 billion (VAT included) in 2021, for a year-on-year increase of 18.3 percent. Net profit amounted to €96.7 million, of which €19 million was shared with its 11,910 employees. The Decathlon group’s revenues were up by 12.5 percent for the year. Online sales reached €326 ...
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ArticleIntersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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News briefsStockX to lay off 8% of its workforce
According to several media reports, the sneaker marketplace StockX announced this week that it will lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people, so the number of layoffs is likely to be 120 or more. StockX cited “macroeconomic challenges currently impacting our global ...
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ArticleGerman consumer climate falls to new record low
According to GfK, German consumers were more uncertain than ever in June 2022. At minus 27.4 points, consumer sentiment has never been lower since the first German consumer climate survey in 1991. Above all, German consumers are more pessimistic about their own income than they have been for decades. According ...
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News briefsZalando revises full year outlook due to macroeconomic challenges
Zalando has issued an update for Q2 2022 and revised its guidance for the financial year 2022 due to a further deterioration in macroeconomic conditions during the second quarter, with the EU consumer confidence index decreasing further in June, the company said. The Berlin-based online platform for fashion and lifestyle ...
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News briefsPádel Nuestro to expand its retail footprint
Pádel Nuestro will be expanding its physical retail footprint domestically and abroad. While acknowledging the ever-increasing importance of the internet, especially for product information, the Spanish chain seeks to enrich the “customer experience,” as only physical retail can. Currently, it operates 22 stores at home, four in Portugal, five in ...
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ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
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News briefsRussia hopes to return Western brands
Russian marketplaces Ozon and Yandex Market have started importing goods without the permission of the brand’s owner, commonly known as a parallel import. The new mechanism approved by the Russian government in March of 2022, in the wake of Western sanctions and a mass exodus of foreign brands from the ...
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News briefsDecathlon starts closing stores in Russia
Decathlon will suspend the operation of its sporting goods stores in Russia from Sunday, June 26, the company said in a statement, describing the upcoming closures as “temporary.” The company promised that buyers would be able to make a return of the purchased items in several stores until July 10. ...
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C-Suite InterviewJeff Chen, CEO of NetVirta: “It’s about turning millions of dollars into cost savings”
In the current online and in-store technology race to help consumers get a better fit and simultaneously assist retailers in lowering their return costs from their customers’ ill-fitting online orders, Boston-based NetVirta thinks it has a leg, and an arm, up other rivals in the space. Pun intended.
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ArticleCross-border online commerce in Europe rises 17 percent, while Brexit heavily impacts U.K. business
Cross-Border Commerce Europe (CBC), a Brussels-based platform promoting cross-border online commerce in Europe, publishes a yearly study that examines and ranks the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online commerce. In the 2021 ranking of the most eager EU consumers, Luxembourg ...
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ArticleU.K. rail strike deserts rail stations and heavily impacts retail companies
With their biggest strike for 30 years rolling over the U.K., British rail unions have brought 17.7 percent fewer shoppers to the greater London area, and 27 percent less to the city center compared to last week. Compared with the 2019 pre-Covid numbers, footfall was down 19.3 percent across U.K. ...
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ArticleSport 2000 to present a more united image internationally
Sport 2000 closed the 2021 financial year with record sales of €5.3 billion, confirming its position in sports retail in the DACH region. Now the sports retail group wants to become more visible worldwide as “One Sport 2000,” as the group announced at this year’s General Assembly. “The specialty sports ...
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ArticleMeta to sell name-brand avatar apparel
In January, Meta introduced its 3D avatars – already operative in its virtual-reality (VR) iteration – into Facebook, Messenger, Instagram Stories and direct messages (DMs). This month it is inaugurating the Meta Avatars Store, where users can purchase virtual apparel for their avatars from, so far, three name brands – ...
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News briefs
Tréndico holds first in-person convention in two years
This month, Tréndico Group held its first in-person convention since January 2020, CMDsport reports. In attendance were 44 brands and some 80 percent of the owners of the 475 stores under its Atleet and Foot on Mars banners. The convention was on par with the previous show, a virtual one ...
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News briefsCEO of Intersport Germany expected to become new head of German Retail Association (HDE)
Source: HDE Alexander von Preen After Josef Sanktjohanser, president of the German Retail Association (HDE), announced that he would not be available for re-election after 16 years, the executive board of the federation has unanimously recommended Dr. Alexander von Preen, CEO of Intersport Germany eG, to the ...
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ArticleGfK reports Europe-wide retail turnover increase of 6.8 percent in 2021
Against the weaker 2020 numbers that reflected a European economy shaken by the first Covid-19 wave, the new figures conducted by GfK for the retail sector in Europe show an overall better situation for retailers. The 2021 European retail study sees retail sales increase significantly by ...
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News briefsMunich posts 29% increase in annual sales, with exports growing double-digit
Munich, the Spanish company and brand specializing in sports and fashion shoes, reached record revenues of €52.6 million in 2021, marking a 28.71 percent increase compared to the previous year. Exports jumped by 28 percent to €6 million, primarily driven by Europe. Sales in Spain, its primary market, increased by ...
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News briefs
Pádel Nuestro to sponsor WPT's first Finnish event
The Spanish specialty retailer Pádel Nuestro is the official sponsor of this year’s inaugural edition of the Tampere Exhibition, scheduled for June 30 to July 3 in Finland. This will be the farthest north the World Pádel Tour (WPT) has yet penetrated. The Scandinavian country is said to contain some ...
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ArticleANWR Group to add 2,500sqm to Mainhausen order center for new showrooms
ANWR Group announced plans to add a new building to its existing Ordercenter O1 on the Mainhausen Campus in Germany. Following the building permit submission, the symbolic groundbreaking ceremony is scheduled for October 2022, with completion planned for December 2023. Showrooms ranging in size from 100 to 500 square meters ...
