Retail insights from the sporting goods industry – Page 65
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Article
Alibaba cuts guidance after a Q2 profit and sales miss
The Alibaba Group cut its guidance for its full financial year after revenues and earnings came in below expectations in its second quarter ended Sept. 30, amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to ...
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Article
Golf shines at Alpen and Xebio in Japan amid the pandemic
The recent measures taken by the Japanese government from July tthrough September to combat the Covid-19 pandemic, which shut down team and indoor sports and reduced store traffic, had an impact on the latest quarterly results of two major Japanese sports retailers. Golf was an exception, and winter sporting goods ...
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News briefs
Anta starred in China’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...
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Infographics & DataThe largest e-commerce sports shops in Europe - Q3 2021 Update
This exclusive interactive chart shows the largest e-commerce sports shops in Europe ranked by the number of website visitors in Q3 2021, with % changes vs Q2 2021. Included are regular sporting goods retailers and pure e-tailers. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefsDecathlon works with a social impact brand in Germany
Decathlon is the first sports retailer in Germany to have entered into a partnership with a local social impact company, called Share , to support and promote “social shopping.” As of mid-November, customers can purchase Share beanies and socks in all Decathlon stores and online. For each item sold, another ...
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News briefs
Deporvillage’s catalog now exceeds 100,000 items
Deporvillage’s product catalog has passed the milestone of 100,000 items. Thanks to such lockdown effects as distance work and the spike in online purchasing, home fitness has become a top segment for the Catalonian e-commerce specialist, which was recently acquired indirectly by JD Sports Fashion through its controlling interest in ...
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News briefs
Denmark's Sport 24 launches a Norwegian web shop
Sport 24, the third-largest sporting goods retailer in Denmark, opened a dedicated online store for the Norwegian market on Nov. 8, in time for the Black Friday promotions and the Christmas shopping season. The digital channel already generates about 30 percent of Sport 24’s sales, which grew by one percent ...
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News briefs
Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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Article
Sales are up 30% at Britain’s STAG
STAG, the British buying group for independent sports retailers in the U.K. and Ireland, is doing relatively well. The retail members’ sales are up so far this year by 30 percent as compared to 2020, which saw a decline of 21 percent in both countries. One reason given for the ...
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Article
The Swedish sports market grew by 6.5% in Q3
The Swedish sporting goods market rose by 6.5 percent at the retail level during the third quarter as compared to the year-ago period, according to the new SportIndex launched by the Svensk Sportforum last year in combination with HUI Research. While sales at physical stores went up by 4.1 percent, ...
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News briefsDecathlon wants to double its turnover in Germany
Based on a just-launched business plan for the next five years, Decathlon Germany aims to double its turnover to €2.5 billion in terms of gross merchandising value by 2026, compared with projected levels of around €950 million in 2021 and €1.3 billion in 2020. To help achieve this goal, the ...
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News briefs
Sport 2000 Austria debuts its golf show with 45 brands
With over 45 brands, golf pro talks and the presentation of sales tools for golf courts and golf shops, Sport 2000 Austria held its first Golf Fair at the buying group’s headquarters in Ohlsdorf. Golf personalities such as Nicole Gergely, trainer of the Austrian national team, the Austrian national player ...
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News briefs
The Danish Sportmaster chain has many new managers
The Danish Sportmaster chain has hired five new top managers since the beginning of this year, reporting to Andreas Holm, the company’s CEO, to help it to grow online and to open new stores in Denmark as well as in other Nordic countries. The Russian Sportmaster Group, which bought the ...
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News briefs
JD Sports premieres a special Xmas ad
JD Sports premiered a Christmas ad – since posted to YouTube – on Nov. 6 during the airing of the Manchester derby on Sky Sports, where Manchester City beat Manchester United 2 to 0. In it, a young man walks down a downtown street – where all the shop names ...
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News briefs
JD criticizes video of a July 5 meeting over Footasylum’s contested takeover
Peter Cowgill, executive chairman of JD Sports Fashion, was reported by The Sunday Times as being under investigation by the Competition & Markets Authority (CMA) over a possible breach of its rules on sharing sensitive information relating to JD’s contested takeover of the smaller Footasylum chain in the U.K. The ...
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ArticleUK anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening of ...
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News briefs
Foot Locker launches Sidestep in Spain
Catering to a growing hype for sneakers in Spain, Foot Locker is planning to open its first stores under the trendy Sidestep banner in the country, competing with other foreign banners like Courir, Snipes and JD Sports, and many local banners. The first Sidestep stores are slated for openings in ...
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ArticleZalando’s Q3 profits slump in price-cutting war, but guidance is upgraded
Zalando reported a slump in third-quarter profits after cutting prices in response to promotions made at physical stores after Covid lockdowns were completely lifted in Germany and other key markets. While sales rose by 23 percent to €2.3 billion as compared to a year ago, adjusted operating earnings (Ebit) for ...
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News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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News briefs
Fanatics will host an international Olympic store
Fanatics is partnering with the International Olympic Committee (IOC) to launch its first global Olympic web store, starting with the Paris Summer Olympics in 2024, followed by the 2026 Winter Olympics in Milan and Cortina, and the Summer Games in Los Angeles in 2028. Fanatics will work with the organizing ...
