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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. Insights from its acquisition of Royal Sporting House have also helped the company understand local market dynamics.
Finnish multinational sporting equipment company Amer Sports beat analysts’ estimates, reporting a 17 per cent increase in sales to US$1.35 Greater China, Amer Sports’ second-biggest market, saw sales jump 56 per cent during the period. Descente and Kolon Sport also posted sales surged 41.8 billion yuan ($635.2
The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”
Wilson SportingGoods Co recently unveiled its first retail store in California, located within the well-known Third Street Promenade shopping district in Santa Monica. The store will feature an in-store area for consumers to trial products, including a basketball hoop, hitting wall and on-site racquet stringing.
German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to carve out space in an increasingly competitive running and lifestyle market. “That’s something we need to strengthen further in the consumer mindset.”
It’s a relatively new entrant to the market, compared to other brands such as Nike and Puma, but it’s got plans to fast-track its presence in the region. The sports industry is one of the most cutthroat in both India and the rest of the world. More of them are becoming increasingly conscious about their wellness routines. “We
They have long since been a very important part of American consumer society and while they’ve had their ups and downs, they remain a popular retail destination.” Consumers have a lot of choices about where to shop and when they drive to malls, they want more than a functional experience.” In fact, data from Placer.ai
Sitoo , a leading could-native Point of Sale (POS) and Unified Commerce Platform, has been recognised in the 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers. Sitoo helps global fashion and lifestyle retailers create positive shopping experiences every time and everywhere.
With several decades of retail experience under her belt, including nearly 10 years spent with Target as a senior buyer and director across multiple categories (toys, pharmaceuticals, sportinggoods, skincare, bath, and fragrances), Broderick knows exactly what big-box retailers are looking for.
Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 According to Statista Market Insights, the DIY and Hardware market was worth US$14.21
Vuori is a California-based brand that has taken the athleisure market by storm. The direct-to-consumer brand was founded by Joe Kudla in 2014. Whether that’s with the marketing storytelling on our walls, the product collections we sell or the visual merchandising elements that speak to who we are.”
While smaller parcels can be dropped off by consumers at collection point networks such as Hubbed or Post Offices and lockers, the same cannot be said for big and bulky items. Market segments such as home office equipment, sportsgoods, furniture, and baby products have experienced significant growth.
The company sold 105 million shares for US$13 instead of the US$16-18 it originally floated, putting Amer Sports’ valuation at over US$6 billion. The sportinggoods conglomerate has a unique proposition with its broad portfolio of 11 brands that include Wilson SportingGoods, Salomon and Arc’teryx.
Segmentation is core to many marketing functions. In fact, it is one of the first things we teach in undergraduate marketing courses, as part of the segmentation-targeting-positioning (STP) process we teach as an introduction to marketing strategy. However, it’s not enough just to haphazardly group consumers.
As sportinggoods retailer INTERSPORT has found, using digital at the shelf edge to help customers enhances both customer experience and improves efficiency of in-store operations. We realised that the employees could spend their time better serving our customers and doing other in-store tasks.”.
E-commerce skyrocketed when the Covid-19 pandemic hit, as more consumers realised its ease and convenience. A market leader in cash automation technologies, read a case study from Glory or schedule a demo session at: Retail Transformation: Contactless and closed-loop cash automation. We are all inherently social beings.
Since short-term actions have little lasting impact on consumer behaviour, if health officials and governments had delivered on their promise of a quick fix then retail property would have got back to normal fairly quickly. billion worth of merchandise to consumers, an increase of 63 per cent on the same quarter a year ago.
It isn’t possible to say that Capitaland’s malls outpaced the market. Capitaland has done a good job of reducing its vulnerability in this area: its largest tenants in terms of contribution to revenue are Breadtalk (1.2 per cent) and department store BHG (1.0 Households are already hurting from inflation, which was running at 6.6
Nike had 14 per cent market share of technical running shoes. As always, the truth resides with the consumer – in this case, runners (elite runners especially) were telling us they wanted more from their running experience. A 30-point gap in market share demanded a plan like no other. ASICS had 44 per cent.
If there’s any sector of retail that could use a boost from innovative design, sportinggoods is certainly a candidate. The whole business of sportinggoods has been evolving at an especially rapid pace, and brick and mortar stores remain an important player. Youth sports alone has grown to be a $15.3
The annual advent of “sunglass season” in the retail industry triggers a tremendous amount of planning, coordination and creativity between sunglass brands and the retailers who sell them to the consumer. VCI’s collaboration and expertise in design have been instrumental in this launch,” said Bryan Linhares, FGX International Sr.
Following a tender process, world sportinggoods retail leader Decathlon has chosen Quadient to strengthen its omnichannel strategy and offer more delivery options to its customers. Quadient is pursuing its ambition to be a leader in open-network parcel lockers in key global e-commerce markets. Paris, May 3, 2022.
The retail industry is caught in the throes of supply chain bottlenecks, labor shortages, and material scarcity – all while consumers are really starting to embrace social media for online shopping. There’s currently a significant gap between what consumers want and what brands deliver on social media. And they’re using quite a few.
BoF’s podcast series Retail Reborn returns for a second season, presented by Brookfield Properties , to investigate the consumer of tomorrow, and how their changing lifestyles and expectations will drive evolution in the retail industry. Follow the series to ensure you never miss an episode.
The analysis believes that three of these sectors will lead the recovery: discretionary consumergoods and services (CS), food (FD), and industrial/heavy machinery and finished business inputs (ID). The reason: during the pandemic, these marketers attended virtual industry events and became aware of their value. A Further Look.
Supply chains have been designed for predictability in buying cycles and consumer expectations and were completely unprepared for the disruptions that the industry faced. Labor Crunch Continues A plethora of job opportunities across industries has led to an extremely tight labor market. Are you ready?
The expo features hands-on training on the latest technology, new-to-market products, educational sessions, and a show floor filled with manufacturers and suppliers from around the world. Organized by the Specialty Equipment Market Association, the SEMA Show is a trade-only event geared toward automotive and specialty equipment manufacturers.
Breakout sessions throughout the event will focus on everything from how Walmart transformed itself into a mobile-first shopping destination to the future of restaurant design to how brands are pivoting in this post-pandemic environment to meet consumer demands. On Wednesday, Sept. While you’re in town, don’t forget to explore the host city.
Playing the handbag stock market. How Dick’s SportingGoods is building a future on sports, not guns. Social Media + Marketing. How programmatic disruption is creating a fourth era of digital marketing. London’s top consumer VC’s share which trends they’re tracking. T he New York Times .
INTERSPORT, a global leader in sportinggoods retail, has officially announced the global launch of its new football specialist store format, as it continues to pursue a personalized and hyperlocal approach that matches the needs of consumers in its 42 markets round the world.
This collaborative approach allows smaller and regional retailers to expand their reach, attract more advertisers, and boost their competitiveness in the retail media market. By pooling their data and resources, retailers can streamline campaign setup, optimisation, and reporting.
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