Archive for the ‘Retailers’ Category

Two leading Dutch online specialists team up

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Two leading online sports retailers in the Netherlands have teamed up to form Passa Sports, with a target to reach a turnover of €100 million in the Benelux countries through online stores specialised in tennis, running and team sports. Passa...

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22 Oct 2020

Sport 2000 triples Czech and Slovak market share

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Sport 2000 estimates that it has tripled its market share in the Czech Republic and Slovakia through a partnership with A3 Sport, a Czech sports fashion retailer with 75 stores and retail sales of nearly €100 million, that became the retail...

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Tepid stock market launch for Academy Sports & Outdoor

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Academy Sports & Outdoor raised $182.8 million in its initial public offering (IPO) last week, with shares priced below the target range and in weak demand upon their launch. With shares priced at $13.0, the IPO valued Academy Sports at about...

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MEC sale deal causes dismay among Canadian outdoor retail co-up members

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Tens of thousands of customers at Mountain Equipment Co-op have supported a petition to halt the agreed sale of the Canadian outdoor retailer to Kingswood Capital Management, a U.S. private equity firm. Launched in 1971, MEC has grown to 22...

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2 Sep 2020
News

Anta shifting to direct retailing

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In a substantial strategic turn, Anta Sports Products has decided to shift to direct retail operations for the Anta brand in large chunks of the Chinese market. It started by ending distribution agreements with partners running about 35% of Anta...

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24 Aug 2020
News

Sports Direct group buys DW retail and fitness assets

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The company behind Sports Direct has purchased 43 gyms and 31 sports stores in the U.K. from the administrators of Dave Whelan Sports for £37 million (€41.0m), to complement its fitness business under the Everlast brand. The DW assets were...

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Signa Sports United building up retail and sports tech platform

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Signa Sports United is reinforcing its online platform with other retailers, brands and partners, which have contributed to a 28% sales hike and much-improved profit margins for the German-based specialist in the first nine months of its fiscal...

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McTrek acquired by financial and turnaround investors

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McTrek has been acquired out of insolvency proceedings by financial and turnaround investors, who intend to continue running 30 out of the German outdoor retailer’s 40 remaining stores. McTrek was taken over in August 2017 by A.S. Adventure,...

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17 Jul 2020
News

New Balance gears up for more European expansion

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New Balance is investing about $50 million in its European distribution centre to handle an anticipated rise in regional sales, due to projected store openings as well as the take-back of distribution in France, Germany and the Benelux...

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Foot Locker rejigs European stores

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Foot Locker wants to turn about 45 of its Runners Point stores in Europe into Foot Locker or Sidestep sneaker stores, as part of the changes accelerated by the health crisis. Runners Point consisted of 76 stores in the German-speaking countries...

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