Retail insights from the sporting goods industry – Page 69
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News briefs
Golf offsets winter sports at Alpen in Japan
Sales of winter sports products fell by 16 percent to 6,628 million yen (€51.5m-$60.3m) for the financial year ended June 30 at the Alpen Group, one of the major sporting goods retailers in Japan, mainly due to a lack of snow because of a warm winter season. Total revenues increased ...
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News briefs
New cross-functional management structure at Stadium
Stadium has decided to reorganize the top management under its CEO, Karl Eklöf, following the departure of Magnus Wåhlander, general manager of its Stadium chain. He is leaving the leading Swedish sports retail group after 25 years to become president and CEO of Coop Mitt. Under the new structure, the ...
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News briefs
Sprinter debuts an urban-oriented store concept near Madrid
According to CMDsport, Sprinter’s new, omnichannel store in the Spanish city of Leganés, outside Madrid, aims to exceed the purpose of a point of sale and serve as a meeting place for urban athletes. Some of its design, like the assortment, is drawn from the traffic data of Sprinter’s website. ...
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News briefs
Sportmaster develops its own digital “ecosystem”
Sportmaster has decided to further develop its own digital “ecosystem,” said Victoria Bondarenko, a product development director with Russia’s biggest sports retailer, in an interview recently published in the local Retail online news service. She noted that Sportmaster has a strong brand that is quite popular on the Russian market, ...
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News briefs
Share options worth £100 million for Frasers’ future CEO
The Remuneration Committee of Frasers Group, which owns Sports Direct and many other brands retail operations in the U.K. and elsewhere, is proposing to award shares worth £100 million (€117m-$137m) as a performance-related bonus to Michael Murray, who is set to take the place of group CEO from Mike Ashley ...
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Article
JD and Sprinter acquire Bodytone
According to CMDsport, the Iberian Sports Retail Group (ISRG) has acquired a 50.1 percent stake in Bodytone International Sport, a Spanish-based producer and international distributor of professional gym machines and equipment. The purchase price was undisclosed. Bodytone has until now been wholly owned by American Sport Invest, which has become ...
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ArticleAustrian and Swiss buying groups cooperate on digitalization
The Swiss Premium Sports Group (PSG) of independent sports retailers, which have been affiliated with ANWR-Garant Swiss since 2013, have agreed to adopt the digitalization strategy of Sport 2000 Austria. This includes cooperation in the areas of data clearing centers, digital store counters and online retailing, creating a central data ...
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News briefs
Galeria Karstadt Kaufhof will become Galeria
Galeria Karstadt Kaufhof, the German company formed in 2018 from the merger of the Karstadt and Galeria Kaufhof department store chains that became wholly owned by Signa Retail in 2019, has unveiled a new concept for its 131 locations in Germany, which will see the company strategically reposition itself starting ...
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News briefsDohrmann will leave as CEO of the Internetstores group
After more than three years as CEO of the Internetstores group, Hans Dohrmann will leave the German multi-channel retail company, which operates websites and physical stores in the cycling, camping and outdoor markets such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to the group’s Berlin-based parent company, Signa Sports ...
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ArticlePadel Nuestro under new ownership
According to CMDsport, the holding company Backspin Capital Investments has acquired Padel Nuestro and appointed a new CEO, Iñigo Colomina Fajardo, who is the chief executive of Colomina Investments of Madrid. The Spanish pádel retailer’s founders – Ismael Cancho Lozano, José Ignacio Simón Marín and Pascual López Cuadra – signed ...
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News briefs
Frasers promotes Nevitt to CCO, Al-Mudallal to COO
Frasers Group, the parent company of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer. Nevitt, previously global head of commercial, has been with the company for over 30 years. Al-Mudallal joined the business in 2017, first as head of talent at ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
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News briefs
JD Sports and Nike launch virtual sneaker try-on event on TikTok
JD Sports is launching an interactive social media campaign, created in close partnership with TikTok’s Creative Lab, to support the release of Nike’s new Air VaporMax. Thanks to a 3D augmented reality branded effect, any TikTok user will be able to virtually superimpose the new shoes in three different colors ...
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Article
Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
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News briefs
El Corte Inglés recovers, cuts off suppliers
El Corte Inglés, which is a major factor in the Spanish sporting goods sector through its department stores, plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from ...
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News briefs
Padel Nuestro opens its first store in Belgium
Padel Nuestro has inaugurated a store in Kalmthout, in the Belgian province of Antwerp. It is the Spanish retailer’s first point of sale in Belgium. It is an “Express” store, like the one that the chain has in Rome. These stores are located within padel clubs and have smaller inventories ...
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News briefs
Spain’s Mundo Fitness posted record sales ahead of a merger
According to CMDsport, Mundo Fitness Europe posted record annual sales for 2020 of €12.78 million ahead of its merger with another company, exceeding the previous year’s sales by 138 percent. Net profits of €1,004,436 were up year-on-year by 2.5 percent. The Spanish-based retailer specializing in fitness equipment operates chiefly through ...
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News briefs
Decathlon Australia fined over incorrect safety warning labels
The Australian branch of Decathlon has been fined A$1.5 million (€928,000) by Federal Court Justice John Nicolas for selling portable pools and basketball hoops that failed to comply with Australian safety standards between 2016 and 2019. The warning labels were either too small or lacking the mandatory wording: “Children have ...
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News briefs
RunLab’s new app helps try out the right sports shoes
A specialized Russian sporting goods retailer, RunLab, has launched a new proprietary application that helps customers choose the most suitable sports shoes better than any other similar technology available on the market, according Eugeny Gavrilov, co-owner of RunLab. “Knowledge of the physiology of sports and an understanding of the biomechanics ...
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News briefs
Unisport to sell Liverpool FC merchandise
Liverpool FC has come to terms with Unisport, the Danish-based retailer specializing in team sports, for the sale through its retail network of the English football club’s official merchandise, including the fan jerseys and other products licensed to Nike. The deal concerns both online and brick-and-mortar retail. Unisport operates out ...
