Retail insights from the sporting goods industry – Page 76
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Article
Stores remain closed in Germany, will reopen in France
Sporting goods stores and other so-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April ...
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News briefs
Angling Direct’s former CEO, Darren Bailey, is leaving
Darren Bailey, the former CEO and managing director of Angling Direct, is leaving the company. Bailey, who moved from CEO to non-executive director in 2019, informed the board that he would not stand for re-election at the May 11 annual meeting. He has been with the leading British online and ...
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News briefs
Shares of Sports Direct’s parent reach a 52-week high
Frasers Group, which owns Sports Direct International and many other assets, has launched a new share buyback program, limiting the maximum aggregate purchase price at £60 million (€69m-$83m) for a total of up to ten million shares. It started on May 4 with the acquisition of 3,189 shares at an ...
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News briefs
Cisalfa expands its retail network after a 2.7% sales drop
Italy’s Cisalfa Sport Group suffered a relatively small decline of 2.7 percent in consolidated sales to €439.5 million in the financial year ended Feb. 28. Excluding revenues of €179 million from the Intersport business in Italy, Cisalfa Sport and its other integrated sporting goods retail chains had revenues of €366.4 ...
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Article
Padel Nuestro seeks investors
According to anonymous sources cited by CMDsport, Grupo Padel Nuestro is in late-stage negotiations with various operators in the pádel market and other investors. The Spanish group hopes to raise capital chiefly for international expansion. According to the report, the negotiations follow on the heels of failed negotiations, from the ...
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News briefs
No change planned in JD’s top management
In response to our inquiry, a spokesman for JD Sports Fashion denied a report in The Sunday Times that Peter Cowgill, the company’s dynamic executive chairman and CEO, was planning to step down from its day-to-day functions, hiring a CEO to help manage the group’s growing range of operations. He ...
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News briefs
JD buys a small meanswear retailer
JD Sports Fashion has acquired Oi Polloi, an upscale casual menswear store in Manchester, and its online shop. Founded in 2002, the retailer offers clothing under its own label as well as brands such as Adidas, Reebok, Converse, Keen, Patagonia, Barbour, Ralph Lauren, Superga, Levi’s, Stone Island and Armor Lux. ...
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News briefs
Sports Direct voted “worst” sports shop in Britain by customers
Sports Direct has been ranked as the U.K.’s worst sports shop, according to a survey conducted by a consumer specialist agency, Which? The poll asked 10,909 members of Which? and the general public in November about their most recent experiences of purchasing outdoor and sporting equipment at 29 of Britain’s ...
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Infographics & DataThe largest e-commerce sports shops in Europe - Q1 2021 Update
This exclusive interactive chart shows the largest e-commerce sports shops in Europe ranked by the number of website visitors in Q1 2021, with % changes vs June-August 2020. 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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Infographics & DataQ1 2021 Results XXL Group
This earnings briefing includes the highlights of the Q1 2021 for XXL Group
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Short stops
Retail
+++ On April 29, Decathlon opened its largest store in Bavaria with a focus on mountain and winter sports, cycling and water sports in Unterföhring near Munich under lockdown conditions (currently only offering Click&Collect and express pickup) +++ Lululemon has opened a 2,800-square-feet store at the Southgate shopping center in ...
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News briefs
Afterplay establishes e-tail platform for installment payments
The payment processor Afterpay is launching an online platform, called Dropshop by Afterpay, that offers interest-free installment payment plans for exclusive or early access to certain products. For instance, working in partnership with The Finish Line, the U.S. sporting goods retailer recently acquired by JD Sports Fashion, the platform will ...
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News briefs
Mobile payment for the NBA League Pass in Western Europe and South Africa
If they have a subscription with the right carrier, fans in Belgium, France, Germany, Greece, South Africa, Spain and the U.K. will no longer need to use a credit card to pay for their NBA League Pass. The National Basketball Association has signed a multi-year deal with PM Connect to ...
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News briefs
German retail lockdown measures set through June 30
German legislation that imposes new limits on the opening of schools and non-essential retail stores, including sports shops, passed the Senate on Thursday, April 22. Already approved by the lower house of the German Parliament, the bill became law on Friday after being signed by German President Frank-Walter Steinmeier. Stretching ...
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News briefs
German retailers get cheap Covid tests from the GMS buying group
Since April 20, German employers are obliged to offer regular Covid-19 tests to staff members who are not working remotely from their homes. To enable its affiliated shoe and sports retailers to meet this obligation, the German-based GMS buying group is supplying its members with inexpensive rapid tests. To date, ...
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News briefs
Foreign sports retailers dominate on Facebook in Spain
CMDsport has published a report on the social-media presence of the top purveyors of sporting goods and sportswear in Spain. The top platform is Facebook, followed by Instagram and Twitter, and on Facebook the top chain, by a large margin, is JD Sports, with 3.47 million followers. JD is the ...
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News briefs
Spain’s Cronos opens a first store in Portugal
According to CMDsport, Deportes Cronos will be opening its first Portuguese store under its own name on April 24. Located in the capital city of Lisbon, and measuring some 100 square meters, the store is to be the first of seven in the country. The Spanish buying group for independent ...
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Article
The latest statistics and forecasts for online retailing
In 2020, the outbreak of the coronavirus pandemic led revenues from e-commerce to exceed the €100 billion threshold for the first time in the German-speaking countries of Germany, Austria and Switzerland, according to BEVH, the German E-Commerce and Distance Selling Trade Association. Orders averaging €1,000 were placed by customers in ...
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ArticleSelfridges re-opens with a buzz, Bavaria enforces lockdown
While Bavarian shoe stores were forced to close down again as of April 12, all types of non-essential retailers, including shoe and sporting goods stores, were allowed to re-open in England and Wales, and some of them have come up with clever ideas to lure back customers who could only ...
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ArticleHervis will focus on four sports
Hervis Sports, the largest integrated sporting goods retail chain in Austria, wants to concentrate more on bikes, outdoor, running and snow sports in the future, without ignoring fitness, football or other categories, said Werner Weber, who became CEO of the company in November 2019, in a virtual press conference held ...
