Retail insights from the sporting goods industry – Page 82
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ArticleDecathlon will gross €30m in its first year in Ireland
For several reasons, Decathlon’s entry into the Republic of Ireland, which added a 59th country to the French sports retailer’s worldwide roster, has been a huge success. The project’s 41-year-old leader, Bastien Grandgeorge, is expecting a profit on sales of around €30 million in the first year of operation of ...
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News briefs
Runners Need plans further retail expansion
Runners Need will be opening 10 stores in 2021. The British retailer has opened nine stores this year – in Manchester, Edinburgh, Belfast, Kingston Upon Thames, South Cerney, Chester, Brighton and London’s Covent Garden and Islington – and now operates 43. It has also recently enjoyed its best e-commerce sales, ...
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News briefs
Fanatics acquires WinCraft
As Sports Business Daily reports, Fanatics has acquired WinCraft, in a move that will diversify the company’s reach beyond its core licensed apparel business. Established in 1961, WinCraft is a producer of sports-themed hardgoods and other non-apparel items. The company generates about $100 million in annual revenues, according to Fanatics, ...
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News briefs
Adidas and Vice Golf partner on a shoe project
Adidas and Vice Golf, a German brand of golf balls, have joined forces on a limited-edition golf shoe that incorporates the Adidas Boost foam-cushioning technology. The shoe is mostly white, with lime-green accents and a camouflage pattern in gray and white on the top. Vice’s logo is visible underneath the ...
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News briefs
One of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
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Infographics & DataThe German Sports Retail Market
This interactive chart shows the largest german sports retailers by revenue, total market size 2019, market shares and revenue development vs the previous year. This chart can be downloaded as JPG, PNG or PDF.
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ArticleIntersport embarks in retail media in Germany
After two years of preparation, Intersport Germany has launched a new retail media service that allows brands from inside and outside the sporting goods industry to advertise themselves through the offline and online channels of some of its affiliated retail members. The clients will benefit from this new service by ...
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News briefs
Adidas grants a Corona bonus to all employees
Adidas has announced that it will give a Corona thank you bonus to all the members of its staff of about 60,000 employees around the world for Christmas. Regulations introduced by the German government will make the bonus free of taxes and social charges. The bonus will amount to up ...
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News briefsZalando adds 1 mln clients during Cyber Week
Zalando acquired more than one million new customers during the sixth edition of its Cyber Week, surpassing last year’s new customer record. The gross merchandise volume (GMV) grew by about 35 percent over same the period and some 7,500 orders were placed per minute at peak times. The share of ...
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News briefs
Sergio Ramos leaves Nike, probably for Adidas
The captain of the Real Madrid football club and the Spanish national football team, Sergio Ramos, has decided not to extend his 10-year deal with Nike. He has now posted a photo on Instagram of him wearing Adidas boots, leading to press speculations that he has signed up with the ...
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News briefsVF opens its first multi-brand store
VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland, The North Face and Napapijri – with dedicated show windows for each brand and dedicated ...
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News briefsFormer Zappos head Tony Hsieh dies
Tony Hsieh, who co-founded Zappos.com, the pioneering American footwear and clothing online retailer, and ran it for about two decades, died at the age of 46 due to complications from injuries sustained in a house fire in New London, Connecticut. Known for his kindness, generosity and a relentless focus on ...
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News briefs
Adidas is a new founding partner of the Global Sports Week
Adidas has been announced as a new founding partner of the Global Sports Week (GSW) in Paris. The German sportswear giant joins the other founding partners of the event, which are the French Ministry of Sport, the French banking group BPCE, and EGG Events. The first edition of GSW Paris ...
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ArticleA shorter retail lockdown will benefit the trade
Fortunately for European sporting goods retailers, the second wave of the coronavirus pandemic appears so far to have been more manageable, leading some governments to relax a ban on sales of non-essential products in physical stores after only about one month of enforcement – a lot less than during the ...
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Short stops
RETAIL
+++ XXL Sports & Outdoor has commissioned a 7,000-square-meter, robotized warehouse for the Austrian market that will open next year in Enzersdorf, near Vienna’s airport +++ Daka Sport, the Dutch retailer, has completed the transformation of four Sportsworld stores it had acquired last year with its new Daka Megastore in ...
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News briefs
Adidas launches its first road cycling shoe since 2005
Evidently responding to the booming demand for cycling products, Adidas is releasing the Road Cycling Shoe, its first since the launch of the Adistar Road SL over 15 years ago. The upper of the Road Cycling Shoe is made from Primegreen, which the company claims to be a 100 percent ...
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AnalysisAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
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News briefs
Dior launches a ski line with Descente and other partners
For the launch of its first men’s capsule ski collection, Dior is opening a pop-up shop in the SoHo neighborhood of New York City, specifically at 109 Greene Street. Other pop-ups – in Osaka, Japan, for instance – will open during the month of November. The New York shop, operating ...
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News briefs
Deporvillage sees a run on indoor cycling
Like many other retailers of sporting goods, Spain’s Deporvillage has experienced a run on fitness items with the onset of new Covid-19 lockdowns and a good autumn/winter season. Stationary bikes have been difficult enough to keep in stock, but never in its decade-long history has the e-tailer seen such demand ...
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News briefs
Stöckli wants to facilitate ski rentals in Switzerland
Stöckli Swiss Sports will equip its retailer partners in Switzerland with a rental system software developed by an Austrian company, Axess. The Swiss producer claims that this will enable ski rental stores to provide faster service, especially in times of Covid-19, but also there after. As a first step, Axess ...
