
JD Sports Fashion is selling Dutch business Sports Unlimited Retail to Iberian Sports Retail Group. But that’s less of a change that it might at first appear given that the Iberian business is also majority owned by JD.
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JD Sports Fashion is selling Dutch business Sports Unlimited Retail to Iberian Sports Retail Group. But that’s less of a change that it might at first appear given that the Iberian business is also majority owned by JD.
Dutch department store V&D announced a relaunch. The retailer, which went bankrupt in 2015, will recreate itself as an online store focused on costumers aged 40 and above.
Leather goods brand Laimböck will relaunch after its 2016 bankruptcy. The 187-year-old brand was affected by the bankruptcy of former supply partner V&D.
American sportswear brand Champion will set up shop at Amsterdam’s 9 Straatjes district. The 180 m2 store will be situated in a building that formerly housed Dutch label Zoe Karssen.
Reclaimed Jewels, a retail concept by Goudwisselkantoor, has landed in Rotterdam. The stores marks the second physical branch for the jewelry retailer that launched in 2016 in Almere.
Dutch sport retailers Perry Sport and Aktiesport, which relaunched under JD Sports in 2016, will be opening new stores in the Netherlands follwing positive results in 2017.
JD Sports confounded the sceptics in H1 with sales and profits powering ahead, despite nervousness over intense competiton and fewer major launches. And the company is expanding fast abroad as well as in the UK.
In sports, it’s all about winning and JD Sports Fashion certainly won the sales/profits race last year. It prospered on the athleisure trend, on digital growth and investment to ensure brands want it to sell their goods.
With this acquisition, JD Sports will own and operate 12 stores in Portugal, expanding its presence in Europe significantly.
Dutch department store chain V&D will continue as an online store. Dutch retail entrepreneurs Ronald Kahn, Jaco Scheffers and Ronald van Zetten have acquired the brand name and rights.