All Sports, leisure & outdoors articles – Page 19
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NewsJD Sports takes full ownership of Poland’s MIG
JD Sports has entered “a conditional agreement to acquire the outstanding 40% minority stake” of Marketing Investment Group (MIG) making it the 100% sole owner of the Poland-based footwear and clothing company.
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NewsAdidas reports flat sales as market remains ‘volatile’
Adidas posted flat sales in the second quarter of the year “impacted by the company’s conservative sell-in approach in order to reduce high inventory levels”.
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NewsCMA investigation concludes JD Sports broke competition law
An investigation by the Competition and Markets Authority (CMA) concluded that JD Sports and Leicester City Football Club (FC) broke competition law by “colluding to restrict competition in the sales of Leicester City-branded clothing, including replica kit, in the UK”.
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NewsFrasers Group to cut 100 jobs at Manchester office
Frasers Group has put more than 100 jobs at risk of redundancy at its Manchester office as it looks to cut costs.
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Innovation of the WeekInnovation of the Week: Patagonia launches 24-hour online repair portal
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.
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NewsFrasers profits soar as elevation strategy pays off
Frasers has reported strong revenue and profit growth across its portfolio in a “particularly significant year for sports retail” driven by the group’s elevation strategy.
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NewsAdidas banks £439m as demand for Yeezys soars
Global sportswear giant Adidas received orders worth more than €508m (£439m) for 4 million pairs of Yeezy shoes as it decided to sell the remaining stock of the highly popular line to prevent further losses.
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GalleryInside Under Armour’s Oxford Street store as it targets rapid expansion
Under Armour has opened its latest store in the UK on London’s Oxford Street, marking a “significant milestone in its European growth plan”.
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AnalysisAre retailers missing an open goal during the women’s World Cup?
After more than 87,000 spectators watched the Lionesses score their winning goal in the Euro final last year, hopes are high as the Fifa Women’s World Cup kicks off. Retail Week finds out what opportunities the event presents for retailers
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AnalysisWhat makes Lululemon’s supply chain strategy so great?
Lululemon is among the 15 global retailers and brands recognised by analysts for leading supply chain performance in the new Retail Changemakers report. Here we deep-dive into the athleisure company’s operating model
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsJD Sports colluded with Leicester City FC to restrict competition, CMA finds
An investigation by the Competition and Markets Authority (CMA) has provisionally found that the sportswear retailer “colluded” with Leicester City FC to restrict competition in sales of the club’s branded clothing over three seasons.
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NewsJD Sports signs first franchise deal to expand in the Middle East
JD Sports has announced its first franchise agreement with Dubai-based retailer and distributor GMG as it looks to open new doors for business in the Middle East.
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NewsNike hails ‘milestone year’ as revenues jump despite fall in margins
Nike has reported an increase in revenues in the fourth quarter and full year ending May 2023, driven by “investment in innovation and digital leadership” as well as the success of its “top strategic partners”.
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AnalysisHow retailers are creating the best in-store experiences
The purpose of the retail store faced an overhaul as the pandemic caused many shops to shut for months, with customers having no choice but to turn to online shopping.
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NewsJD Sports on track to hit £1bn profit mark
Ahead of its AGM today, JD Sports reported positive trading in the first half of the financial year and said it was set to deliver profits “in line with the current average consensus expectations of £1.04 bn”.
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NewsHalfords delivers sales growth despite market headwinds
Halfords has reported growth in sales and market share in the 52 weeks ending March 2023 as investments in competitive pricing and a loyalty scheme paid off.
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DataForecast: How the sports and outdoor sector continues to excel
The Retail Week analyst team forecasts that the UK sports and outdoor market will grow at a compound annual growth rate (CAGR) of 4.6% in the five years to 2026/27 as retailers fight to gain market share in this lucrative category
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AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.