Retail & Distribution
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Wolfbike effects a shift to distribution
Business has been brutal as of late for Wolfbike, according to CMDsport. The manufacturer of bicycles has been operating in Valencia, Spain, for 14 years and has in that time put together a catalogue of 180 models. Because of the cycling industry’s boom and bust since the lockdowns, however, the ...
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REI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
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La Sportiva opens first US retail store in Colorado
Italian mountain sports brand La Sportiva celebrated its first retail store in the US with a Grand Opening event in Boulder, Colorado, on April 18-19. The new location at 2100 Broadway has been open to the public since Jan. 2, 2024. The Grand Opening helped underscore the brand’s commitment to ...
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REI Path Ahead Ventures recognizes 16 emerging US outdoor companies
REI Path Ahead Ventures has announced that 16 emerging companies have completed the Embark program, a three-month curriculum developed in partnership with Founded Outdoors to help founders of color in the U.S. turn their early-stage ideas into viable businesses. The Embark program is part of REI Path Ahead Ventures, the ...
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Norwegian Second-Hand Trade Act to change
On April 5, the Norwegian Minister of Trade and Industry, Jan Christian Vestre, presented the government’s proposed changes to the Second-Hand Act at Bergans’ flagship store in Oslo. The choice of location was not accidental: Bergans, together with several other retailers, has been strongly in favor of changing the law. ...
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Opening of first Brompton Junction in Austria
Just in time for the Vienna Bike Festival on Rathausplatz, Brompton opened Austria’s first “Junction” in Vienna on April 13, 2024. The British brand specializing in urban bike mobility is now presenting its folding bikes in collaboration with Citybiker.at in the new flagship store at Lerchenfelder Straße 15. ...
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Swedish Supreme Court confirms reorganization plan for Sportshopen’s parent
On 15 April, the Swedish Supreme Court confirmed the restructuring plan for Swedemount Sportswear & Fashion AB. The majority of Swedemount’s suppliers and creditor groups had already voted to confirm the restructuring plan in December last year, which was subsequently approved by both the District Court and the Court of ...
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Decathlon Germany expanding e-bike range with refurbisher Rebike
After sporting goods chain Decathlon Sportartikel GmbH & Co. KG (Decathlon Germany) recently announced that it would be adding the “hip (e-)city bikes” from Sushi Bikes maker Sushi Mobility GmbH to its portfolio, the bike-affine sporting goods giant is now also joining forces with the largest German e-bike refurbisher Rebike ...
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GMG and VF plan to open 300 stores in the next 5 years in MENA and SEA markets
GMG, a global retail conglomerate based in Dubai, has expanded its 12-year partnership with VF Corp. Under a newly agreed distribution and retail development agreement, GMG will expand the presence of VF brands in the region over the next five years through a growing network of new mono-brand partner stores ...
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The Russian outdoor goods industry is preparing to replace imports
Russian players in the outdoor goods market believe the mass exodus of Western brands from the country provided local industry ample growth opportunities. Although exports no longer seem to be in the cards and manufacturers complain about inconsistent state support policy, the potential to plug the gap in the internal ...
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Decathlon Germany launches bike leasing with JobRad
From April 3, 2024, employees of over 70,000 companies across Germany who cooperate with JobRad will be able to lease bicycles from Decathlon Germany starting from a total leasing value of €750, as well as all Decathlon e-bikes. Leasable accessories include lighting, mudguards, bicycle bells, and even child seats. After ...
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REI to offer non-gendered own-brand products to promote inclusivity in the Outdoors
US retail chain REI Co-op announced the launch of its new spring line of gear and apparel, which also includes the brand’s first non-gendered apparel assortment for adults. Additionally, REI shared plans for its in-house brand to move beyond a gender-specific designation where it makes sense. As part of this ...
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Icebug to open first store in Stockholm
Swedish shoe label Icebug unveiled it will soon open its first brand store in Bibliotekstan, at Norrlandsgatan 10, with a sales area of approximately 80 square meters. Bibliotekstan is an exclusive shopping district in Stockholm around Biblioteksgatan in the heart of the city, but the area also includes parts of ...
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Bergzeit supports POW with €12,000 from returned products sale
With its second-hand store “Bergzeit RE-USE,” started in 2022, the mountain sports specialist from southern Germany wants to contribute to significantly increasing the product life cycle of clothing and equipment. “In a joint campaign with Protect Our Winters, we called on mountaineers in winter to sell their used mountain sports ...
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France: How retailers can save up to one year's rent
In this interview first published on our sister website Shoe Intelligence,Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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Sports Direct launches Outdoor, starting at Cardiff flagship
British retailer Sports Direct is expanding its range to include outdoor products from Feb. 23, starting at its new Cardiff flagship store in Wales, a 5,580-sqm store that spans across three floors and also features specialist sporting areas for Sports Direct’s football, rugby, and running categories, as well as dedicated ...
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Archive and ACS partner to make resale profitable in the UK
Archive, a San Francisco Bay Area-based brand resale technology platform, has announced its partnership with Advanced Clothing Solutions (ACS), a UK-based center for circular and sustainable fashion fulfillment. Together, they will offer apparel, footwear, outdoor, and luxury brands the cleaning, repair and fulfillment of secondhand items on a branded resale ...
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Brose E-Bike with two new service partners in five markets
Brose Antriebstechnik GmbH & Co. KG, which now has its e-bike systems used by over 30 bicycle manufacturers worldwide, is expanding its global service network step by step. The Berlin-based company is announcing two new partners at the start of 2024, who will now also ensure the smooth handling of ...
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REI reduces workforce
In a memo to affected REI Co-op employees, CEO Eric Artz announced that the US outdoor retailer will have to cut 357 jobs. This affects 200 employees at headquarters, 6 in S&CS, 30 in Experiences and 121 in distribution centers. “The coming days are going to be tough as we ...
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OrganoTex signs retail agreement with Burdock Outdoor Group
The Swedish public green-tech company OrganoClick and the Swedish retail chain Burdock Outdoor Group have signed a cooperation agreement to introduce the OrganoTex range of waterproofing products for outdoor clothing and footwear to Burdock Outdoor’s store network. Source: OrganoClick OrganoTex Wash-In-Waterproofing Burdock Outdoor Group operates 170 hunting ...