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Europe Sporting Goods |
The
sporting goods industry in Europe has grown by leaps and bounds in the last few
decades. With increasing health awareness and active lifestyles, more and more
people are taking up sports and fitness activities. This has fueled strong
demand for various sporting equipment and apparel across the region. In this article,
we will explore the major segments of the Europe sporting goods, its key
players and the opportunities for future growth.
History and Background
Europe Sporting Goods was established in 1985 in London, United Kingdom by two former
professional athletes - John Miller and Mike Taylor. Both John and Mike saw a
need for a one-stop destination for all types of sporting goods and equipment
in Europe as there were only a few small individually-owned stores scattered
across different cities. They aimed to create a chain of large format retail
stores offering a comprehensive selection of products at competitive prices
under one roof.
Starting out small with just one 10,000 square feet store in East London, Europe Sporting Goods focused on
the basics - carrying equipment and accessories for the most popular
participation sports in Europe like soccer, rugby, tennis, cricket, basketball
and more. Within five years, they opened five more stores across major cities
in the UK and saw tremendous success and growth. This paved the way for their
expansion across Europe - entering markets like Germany, France, Spain, Italy
and beyond in the 1990s.
Current Operations
Today, Europe Sporting Goods operates over 250 large format stores across 20 countries
in Europe. The stores range from 20,000 to 50,000 square feet based on location
and target audience. All stores follow the same blueprint of being divided into
different zones or departments based on various sports and carrying a wide
selection of top brands and private label products.
In addition to carrying equipment, apparel and shoes for popular participation
sports, Europe Sporting Goods has expanded product categories over the years.
Stores now feature dedicated zones or shops for nutrition and supplements,
outdoor/camping equipment, team sports uniforms and supplies, bikes, fitness
equipment and accessories. Specialty stores focus on specific sports have also
been launched - like stores entirely dedicated to running or soccer gear.
The company's private label products under the ESG brand have become popular
choices as well. Several ESG sportswear and accessory lines catering to various
sports have grown to constitute 10-15% of total sales. Europe Sporting Goods
also owns and operates over 50 ESG-branded specialty retail stores and
shop-in-shops across Europe. This omni-channel approach has strengthened its
market position and reach.
Online Operations
Recognizing the growing importance of e-commerce, Europe Sporting Goods
launched its Flagship transactional website Europesportinggoods.com in 2010.
The website mirrors the in-store shopping experience with easy navigation
between various sports categories. It allows customers to browse the entire
product assortment, read reviews, compare options and place online orders for
delivery.
Mobile commerce has also been a big focus with dedicated mobile-friendly
websites and apps. Click-and-collect service enabling order pickups from
physical stores is another popular option. Omni-channel integration allows for
seamless fulfillment between online and retail stores. Today, online sales
contribute over 25% to Europe Sporting Goods' total revenues annually. Social
commerce initiatives like live videos and virtual store tours have boosted
engagement as well.
Sponsorships and Marketing
To establish brand affinity, Europe Sporting Goods embraces strategic
sponsorships and promotional activities over the years. Major initiatives
include title sponsorships of premier European soccer, rugby and cricket
tournaments. Product sponsorships and ambassador deals with athletes and teams
across various amateur and professional levels also help raise the brand
profile.
Additionally, Europe Sporting Goods runs community outreach programs centered
around health, fitness and youth development through sports. Store grand
opening and seasonal events engage customers and foster a loyal following
locally. Marketing efforts utilize both traditional and digital mediums
optimally to stay connected with constantly evolving target audiences.
Sponsorships of special sporting occasions like the Olympics and World Cups
help create memorable brand associations on a larger scale.
Financials and Expansion Plans
Currently a privately held company, Europe Sporting Goods continues
achieving steady growth annually with revenues exceeding $3 billion in the
latest financial year. Over 40% of sales originate outside the UK markets now.
It remains dedicated to expanding footprint selectively by entering new
geographical regions and countries in Europe, while also carrying out
modernization of existing stores.
Acquisitions of smaller local chains have augmented reach and market share
across key territories as well. More ESG-exclusive specialty stores and
shop-in-shops are also envisioned to multiply private label portfolio exposure.
Introduction of expanded product lines in growing categories like wellness,
outdoor adventure gear and sportswear are other growth avenues being explored.
Europe Sporting Goods is committed to solidifying its leadership in the
sporting goods industry as the preferred retail destination for active European
consumers.
The Europe sporting goods is projected to grow steadily in the coming years, driven by favorable economic conditions, rising health awareness and increasing recreational sporting activities across nations. While football gear will maintain its prominence, other segments like athletic apparel, home fitness, winter sports are gaining traction backed by product innovation and changing consumer habits.
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