Gymshark’s Post

Gymshark £1 billion valuation can also be attributed to its successful global expansion efforts. The company has strategically entered new markets, such as the United States and Australia and Now in #Dubai . #UAE, by tailoring its approach to cater to local preferences and customs. Localization efforts include offering region-specific product lines, collaborating with local influencers, and adopting marketing strategies that resonate with each target audience. This global approach has enabled Gymshark to become a recognized brand worldwide, further solidifying its position as a leading player in the #fitness and #athleisure market. #Gymshark's success can be attributed to its strategic partnerships and #collaborations. By aligning itself with prominent fitness #influencers, athletes, and organizations, Gymshark has been able to tap into new markets and increase its credibility in the fitness industry. These partnerships have also led to the development of exclusive product lines and collaborative marketing campaigns, further bolstering Gymshark's brand recognition and appeal. Gymshark is more than just a fitness brand. It’s a way of life for many #community members. It’s a way to meet like-minded ambassadors across the globe, and it’s a way to learn new techniques, recipes, exercises, and motivations for your own fitness goals. To become one of the most successful brands the world has yet to see, the focus always needs to be on the people and on the product. Creating a superior line of fitness and athleisure apparel is nothing if you do not boast the supporting community both internally and externally. Noel Mack Dan Abraham #Marketing #Brand #Strategy #activewear #Sports #Fashion #lifestyle #Nike #Adidas #Retail #Retailnews Hannah Mercer

The reports of the death of American malls may have been premature #malls #retail The American mall is evolving. Department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers. Top-tier malls are replacing department stores with grocery stores, casinos, gyms, ice skating rinks, and, in some cases, even residential apartments. Mall traffic has bounced back to near pre-pandemic occupancy levels, with customers embracing the experience-focused model. However, lower-tier malls are feeling the effects of department store closures more acutely.

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively."

The Power of Play in Product Design, demonstrated by Gymshark 🦈 In the dynamic world of design, integrating play into the design thinking process is a game-changer. Here's why: 🌟 Boosts Creativity Play breaks down mental barriers, sparking unique ideas and innovative solutions. 🤝 Enhances Collaboration A playful environment encourages open communication and teamwork, essential for successful projects. 🔍 Improves Problem-Solving Experimentation through play allows designers to refine ideas without fear of failure. Embrace play in your design process to unlock creativity and drive innovation. Let's make design fun and impactful!

Midsummer Place in Milton Keynes will soon be welcoming two new exciting additions to its line up: Frasers Group's Sports Direct and Lane7. Sports Direct will offer a wide range of sports and lifestyle brands in their 50,000 sq ft store, while Lane 7 will bring their unique entertainment concept to the 40,000 sq ft space.   This expansion and repurposing of space further solidifies Midsummer Place as a top destination for fashion and entertainment, with both brands adding to the diverse mix of current retailers and F&B offerings.   Simon Anderson, Asset Manager at Ellandi “Securing both Frasers Group’s Sports Direct, and Lane 7 for Midsummer Place demonstrates both confidence in the market as well as highlighting the opportunity at Midsummer Place. These brands will complement the recent re-development of The Boulevard F&B quarter. We are transforming the centre, and in addition to the physical changes we are curating a very attractive tenant mix. This brings us one step closer to realising our vision to create a high-end, quality destination.”   Thanks also to Tom Ellams, Senior Asset Manager for getting this over the line. https://lnkd.in/eXiJ9WyN #destinationshopping #repurposingspaces #vibrantshoppingcentres #assetmanagement

Dick's Sporting Goods: 🚀 Record Sales Spark 📈 Biggest Expansion in Years! After achieving its highest sales quarter in history with Q4 sales reaching $3.9 billion, Dick’s Sporting Goods is gearing up for its largest square footage expansion since 2017. I’m Ray, an investment sales agent that specializes in Texas retail properties. This expansion involves significant capital investments directed towards the inauguration of new stores, enhancement, and relocation of current ones, alongside advancements in technology and supply chain capabilities. The plan includes the rollout of 15 more experiential House of Sport locations, with eight slated to open in 2024, and the introduction of 16 next-generation Dick’s stores, indicating a strategic shift towards more engaging and experiential retail spaces. 🏗️🏬 These initiatives are underpinned by robust financial performance, with net sales witnessing nearly a 5% increase to almost $13 billion and comparable store sales growing by 2.4%. Dick’s ambitious expansion and investment plan is fueled by the success and promise of its House of Sport and next-generation stores, which have become a cornerstone for the brand's future retail strategy. 📊💼 These stores, offering unique features like climbing walls and multisport fields, have not only attracted consumers from broader regions but also encouraged more frequent visits and longer stays. 🧗♂️⚽ www.shopcenterpros.com www.linktr.ee/raycrebroker #DicksSportingGoods #RetailExpansion #RecordSales #HouseOfSport #NextGenStores #RetailInnovation #SportsRetail #ClimbingWalls #MultiSport #ExperientialRetail #StoreInvestment #TechnologyInRetail #SupplyChainAdvancement #FinancialPerformance #RetailGrowth #RayKang #RayCREBroker #MarcusMillichap

British toy brand Hamleys has opened its second flagship store in Galleria Alberto Sordi, Rome. Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

Despite the doom and gloom, the American mall is proving relatvely resilient. For the anchors of many of those malls - department stores - the sitiation is very different: many are shutting stores as they try to adapt to new economic realities. While department stores face challenges, top-tier malls are adapting with experiential offerings like casinos, gyms, and ice skating rinks. In some cases, residentual apartments and grocery stores have been added. This shift is revitalizing mall traffic and boosting retail sales. However, lower-tier malls are feeling the pinch more intensely, partly highlighting the growing divide between luxury and discount shoppers. Reports of the mall's demise may be exaggerated, but there's recognition that the market may still be oversaturated. More in this interesting artcicle from CNBC... #retail #retailnews #malls #shoppingcenters #departmentstores https://lnkd.in/eUpC37kX

JD Sports has just announced its acquisition of Hibbett Sports, subject to regulatory approval. With $4.1B in sales, JD Sports will more than double its retail locations in the US sports retail market. However, the company still has some catching up to do with Dick's Sporting Goods and Foot Locker. The $1.1B acquisition is a bold move, and JD has its work cut out for itself to improve product margins and achieve ROI. It will be interesting to watch how the company navigates product pricing moves and potential supply chain synergies gained. #JDSports #HibbettSports #SportsRetail #Acquisition #BusinessGrowth

DICK'S Sporting Goods continues to impress with strong Q2 results, outperforming Wall Street expectations across the board. What's driving their success? A laser focus on customer experience and differentiation. The expansion of their experiential Dick's House of Sport format and the rollout of "field house" concept stores are paying dividends. These innovative store designs create immersive, interactive environments that draw customers in and keep them engaged. But it's not just about flashy store concepts. Dick's is doubling down on the fundamentals of great retail: 1. Curated assortments that resonate with customers 2. Knowledgeable, attentive staff 3. A commitment to service excellence On a recent store visit, I was struck by the level of engagement from employees. I was greeted warmly at least 5 times and offered assistance 3 times - a refreshing change from the hands-off approach many retailers have adopted. This focus on the basics of customer service, combined with experiential store formats and smart merchandising, is clearly setting Dick's apart in a competitive landscape. As other retailers struggle, Dick's is proving that investing in your customers pays off. What are your thoughts on Dick's strategy? #Retail #CustomerExperience #DicksSportingGoods