The German chain has appointed Johannes Jurecka to the newly created role of chief operations officer, poaching the exec from Foot Locker Europe. He will be in charge of e-commerce, marketing and fashion operations.
REI, one of the top sporting goods merchants in the US, has signed a ten year lease on an empty Sports Authority Store in Burbank that’s 43,000 square feet – despite competitors experiencing retail slumps.
Shares of sporting goods retailers were pummelled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened concerns about a supply glut intensifying price wars in the industry.
Nike's pilot programme to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .
Somewhat eclipsed by its German competitors lately, the U.S. sports giant proved in its 2017 financial results on Thursday that business is indeed brisk, adding it plans to sell a limited product assortment via Amazon.