Retail insights from the sporting goods industry – Page 57
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News briefs
JD.com promotes Lei Xu to CEO
JD.com Inc. promoted Lei Xu to chief executive officer, succeeding Richard Liu. Xu, who most recently served as president at the Chinese tech and online retail company and thus already led its operations, will also join its board of directors. Liu founded JD.com in 2004. He will remain chairman of ...
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ArticleRevenues up by 18% at Decathlon France, up 21% globally
While global sales reach a new record with €13.8 billion in 2021, France remains the most important market for Decathlon.
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News briefsUYN opens first flagship in Germany
The Italian brand UYN (Unleash your Nature) has opened a brand shop inside Germany’s renowned KaDeWe in Berlin, a 60,000-sqm department store. UYN’s 200-sqm brand space is located on the fourth floor in the sports brand environment, featuring its shoe collection and its running, fitness and outdoor lines. UYN is ...
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ArticleRussian sporting goods market hit by economic turmoil
Demand for sporting goods is falling in Russia amid price increases across the entire product range and the exodus of Western brands, according to Anna Lebsak-Kleimans, general director of Moscow-based consultancy Fashion Consulting Group. In recent years, sporting goods had fueled demand in the Russian fashion market, Lebsak-Kleimans said. “The ...
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News briefsSports Direct launches running podcast for Ramadan period
British sports retailer Sports Direct has launched a podcast called “Fast Enough: Ramadan Running”, available for free on Audible and other platforms, to assist Muslims during the fast. The English-language podcast series, which runs until the end of Ramadan on May 1, includes training plans, wellness tips, mental preparation and ...
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ArticleYearly cross-border e-commerce ranking sees DTC sales on the rise
Cross-Border Europe (CBCommerce), a platform promoting cross-border online commerce in Europe, published its yearly Top 500 Cross-Border Retail Europe study on the 500 strongest European players in cross-border e-commerce for the fourth time. Cross-border online commerce (excluding the travel segment) generated total sales of €171.2 billion in the EU in ...
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ArticleU.S. activewear brand Vuori expands into Europe, Australia and Canada
California-based activewear brand Vuori is launching in the U.K., France, Germany, Ireland, the Netherlands, Australia and Canada, marking the first steps in a global rollout announced in late 2021. Consumers in these countries will be able to purchase the brand’s products from country-specific brand web stores. In select markets, Vuori ...
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News briefs
Nike to begin testing Jordan-only stores in North America
Nike will begin testing stores in North America that only sell its Jordan brand in fiscal 2023. The announcement was made during Nike’s earnings call for its fiscal 2022 third-quarter results on March 21. The test in North America will leverage a consumer experience that proved “wildly successful in Greater ...
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News briefsDecathlon suspends activities in Russia
After Decathlon had initially announced to keep its 60 brick-and-mortar and the web store open in Russia until further notice following the outbreak of war in Ukraine to protect its employees from possible harmful measures, the French company has now announced that it is ceasing its operations in the country ...
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News briefsSport 2000 Absolute Teamsport concept grows by two new specialized stores in Germany
Two new shops in Germany have opened their doors under the Absolute Teamsport concept by Sport 2000. The concept aims to provide a specialized, comprehensive range of team sports products and services. With the new Absolute Teamsport Rauscheid in Alsdorf and the Absolute Teamsport Burdenski Sportswear in Bremen, the total ...
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News briefsAmazon to open first fulfilment center in Turkey
Amazon has announced plans to open its first logistics base in Turkey in autumn 2022. The facility, which will be based in Istanbul’s Tuzla municipality, is expected to create 1,000 new jobs during the first year. Amazon is investing more than 100 million dollars in the new site, which is ...
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Article361 Degrees to pump more resources into e-commerce
361 Degrees, which realized 55 percent e-commerce growth in 2021 to 1,227.4 million yuan renminbi (€174.6m), intends to invest more resources and marketing muscle into the segment this year to fuel further growth via exclusive online products and more brand exposure on social media channels. In 2021, net income attributable ...
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ArticleRussia’s Sportmaster set to exit Denmark and Poland
The Singapore-based parent company of the Sportmaster Group, whose eponymous retail chain is the largest sporting goods retailer in Russia, has decided to divest the retail chains that it had acquired in Poland and Denmark in the last years as part of a wider geographic diversification. It already sold its ...
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ArticleIntersport Austria satisfied with winter business
Intersport Austria looks back on a satisfactory winter business 2021/22 despite the country’s Covid lockdown before Christmas and relatively poor snow conditions. Already at the beginning of winter, on the first weekend of Advent, the retail group experienced a digital run on all winter sports items, including skis, touring skis, ...
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News briefsCanada Goose accelerates expansion in the Japanese market
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
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News briefsABG suspends all branded retail and e-com operations in Russia
Authentic Brands Group (ABG), the owner of a wide range of lifestyle and fashion brands including Airwalk, Eddie Bauer, Greg Norman, Muhammad Ali, Nautica, Prince, Reebok, Shaquille O’Neal, Spyder, Tretorn, Vision Street Wear and Volcom, announced that it has ceased all its branded retail and e-commerce operations in Russia effective ...
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ArticleIndustry Spotlight: Focus on new target groups, supply chain challenges and retail relationships
25 brands presented their new products at the Sport & Outdoor Media Day in Munich. The event organized by Mandel PR in the ”Kohlebunker” near the MOC (Munich Order Center) was one of the first major industry gatherings in Germany since the start of the Covid crisis. We took the ...
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News briefs
Decathlon signs agreement with ADESP
According to CMDsport, Decathlon has signed an agreement on inclusivity, equality and sustainability with the Spanish Sports Association (ADESP). One of its programs is to mentor female managers in sports federations, another is to promote the employment of handicapped athletes, and yet others aim to have athletes test Decathlon products ...
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ArticleeBay survey analyzes shopping behavior during Covid-19 pandemic in Germany
In its consumer behavior analysis for the German website eBay.de, the online company eBay Ads has evaluated search queries during the extract search words and trends among its users. According to the report, two trends are becoming obvious: Search words like “well-being” and “cozy” have seen a significant increase compared ...
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ArticleH&M sets its sights on the sports market
Source: David Thunander H&M store in Stockholm The Swedish fashion retailer H&M launched a test for the sale of third-party brands a few days ago. The marketplace is called “H&M with friends.” At the same time, there is information that H&M wants to enter the ...
