Retail insights from the sporting goods industry – Page 55
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ArticleGrupo SBF generates 88 percent sales increase in Nike business
Grupo SBF, the parent of Brazil’s top retail sporting goods chain in Centauro and a distributor of Nike in the South American market since December, reported a 401 percent increase in first-quarter adjusted Ebitda to 185,390,000 Brazilian reais (€31.5m) for the period ended March 31. Operating income came in at ...
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ArticleUK e-tail slows down post-pandemic
According to the most recent IMRG Capgemini Online Retail Index, the post-pandemic retail climate is, at last, taking shape. Online sales for the 200-odd retailers tracked by the index are down by 12 percent year-on-year for April. As IMRG puts it, this is a significant improvement from March’s year-on-year fall ...
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News briefsSnipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posted the first decline in quarterly sales in its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion but a 1.5 percent decline in revenues ...
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ArticleAdidas steps into the void left by Nike at Foot Locker
Adidas and New York-based retailer Foot Locker have announced a new and enhanced partnership “built around product innovation, elevated experiences and deeper consumer connectivity,” as the German company states in a press release. The announcement comes on the back of Foot Locker’s sales figures released in March 2022, which reflected ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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News briefsCoca-Cola opens first flagship in Europe, including sportswear
Coca-Cola Great Britain runs the just opened first flagship store of the brand in Europe, located on Long Acre, Covent Garden. The new retail store is offering a range of limited-edition apparel collections and designer collaborations as well as gifts, merchandise and drinks. The Coca‑Cola clothing collections ...
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News briefsDecathlon increases investment in Quadient parcel lockers
Decathlon France began equipping 62 of its stores with Quadient parcel lockers in 2015. The lockers, where merchandise ordered online is deposited for pickup, are additional customer service. The success of the lockers, tested and certified by the retailer’s teams, has led the sports retailer to expand the partnership, resulting ...
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News briefsEU continues to criticize Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology company has abused its dominant position in the markets for mobile wallets on iOS devices. By restricting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in ...
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News briefs
Decathlon partners with the French Handball Federation
Decathlon has become the official distributor of the French Handball Federation (FFHandball). Decathlon will sell FFHandball merchandise and branded equipment in its physical and e-commerce stores. In 2021, FFHandball had 335,000 registered members. The new partnership is meant to promote the sport and attract new participants.
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Infographics & DataQ1 2022 Results XXL Group
This earnings briefing includes the highlights of the Q1 2022 for XXL Group
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ArticleSuper Retail Group unveils sales, strategies for three banners
Super Retail Group, the Australian retailer with two outdoor formats and one focused on sporting goods, reported mixed results for the week 27 to 43 period. Rebel Sport, hurt by limited stock availability in some categories that included footwear, suffered a 4.0 percent year-to-date decline in same-store sales. SRG’s outdoor ...
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News briefs
AC Milan launches official store on Tmall
AC Milan has announced the launch of an official flagship store on Tmall, the largest online retail platform in China, part of the Alibaba Group. It will be the sixth e-commerce store of the football club in China, a country in which AC Milan boasts more than 146 million fans. ...
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ArticleGMG and SUTL close deal for Nike stores in Singapore and Malaysia
GMG, a global company distributing and manufacturing a portfolio of leading international and domestic brands in the sports, food and health sectors, headquartered in Dubai, has acquired Nike-only stores from SUTL Corporation, a Singapore-based consumer and lifestyle products distribution company representing global brands in Asia. Under the agreement, all Nike-only ...
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News briefsDecathlon launches campaign to ‘democratize’ sport
Decathlon is launching a new television and digital marketing campaign in line with two of its slogans – which translate to “Sport makes the world better” and “Get sport moving.” Devised by Havas Media and the BETC advertising agency, the campaign aims to “democratize” sport. Spots of 30, 40, and ...
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News briefsDecathlon opens new megastore in Liverpool
Decathlon has opened a new 2,500-square-meter store in Liverpool. The two-floor retail store, inaugurated on April 28, is located in Church Street, a prime location at the heart of Liverpool city center and one of the busiest shopping streets in the U.K. Decathlon launched in the U.K. more than 20 ...
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News briefsAmazon's operating income tumbles
Amazon’s first-quarter revenue rose 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56. According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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ArticleFESI welcomes preliminary agreement on DSA, but calls for better corporate and consumer protection
FESI has commented with approval on the preliminary political agreement reached on April 23 between the EU Parliament and Council on the Digital Services Act (DSA) proposal. The agreement paves the way for a safer and fairer online environment by strengthening the liability of online platforms for illegal content, especially ...
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ArticleSport 2000 launches new internationally harmonized brand claim and campaign
For the first time in the company’s history, Sport 2000 has worked out an internationally harmonized brand campaign under the new claim “Home of experts” that rolls out in all Sport 2000 countries this April. With the tagline “Welcome Home” at the heart of the campaign, Sport 2000 aims to ...
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ArticleXXL fails to get boost from Mother Nature in Q1
XXL ASA, citing challenging winter conditions in January and February despite a promising start to the winter season in late 2021, reported a net loss of 175 million Norwegian kroner (€15.4m) in the first quarter ended March 31. Ebitda declined 64 percent to NOK 75 million (€7.6m) from NOK 207 ...
