Remove Planning Remove Sporting Goods Remove Wholesale
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Frasers acquires South African sporting goods leader Holdsport

Retail Gazette

Holdsport CEO Bradley Moritz added: “We are delighted with Frasers’ acquisition of Holdsport and their inaugural investment into Southern Africa.

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Nike to Double Down on DTC Following Q3 Gains, Plans Standalone Jordan Stores

Retail TouchPoints

Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%.

Planning 289
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Reports: Nike Cutting Ties With Six Retailers, Including DSW and Urban Outfitters

Retail TouchPoints

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. These aren’t the first retailers to lose Nike as a supplier.

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Adidas Shifts to DTC-First Model, Plans to Double Ecommerce Sales by 2025

Retail TouchPoints

Nonetheless, Adidas is optimistic, citing the recovery seen in Q4 2020, its strong market position and attractive growth prospects for the sporting goods industry as a whole. The move is in line with similar shifts made by competitor Nike, which is ditching wholesale accounts and beefing up its digital and DTC business as well.

Planning 232
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As DTC Business Wanes, Solo Brands Taps New President and CEO

Retail TouchPoints

Although Solo Brands plans to share more extensive financial details in its fiscal 2023 results call in March, interim CFO Andrea Tarbox shared in a statement that Q4 results “came in below expectations as we experienced softer-than-anticipated sales in our direct channel.”

Outdoor 290
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Q2 2021 Roundup: How Target, Macy’s and Foot Locker Harnessed Consumer Optimism

Retail TouchPoints

O’Shea pointed to two other other retailers that have leveraged their large store bases into convenient ecommerce destinations: DICK’S Sporting Goods and BJ’s Wholesale Club. Both of these retailers also posted strong Q2 results: Dick’s posted 19.2% Foot Locker managed solid 6.9% drop analysts expected, according to CNBC.

Consumer 328
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Wilson Looks to Build Home Court Advantage with Move into Brick-and-Mortar

Retail TouchPoints

Wholesale will remain a foundation of the Wilson business. “We We have no intention of doing anything other than growing with [our wholesale partners],” said Devin, but this year the company also debuted its first-ever permanent brick-and-mortar store. At Wilson, we believe sport makes better people.