Decathlon to open first Hong Kong stores in August
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Decathlon will open its first Hong Kong store this year, with plans for two locations – one in Mong Kok and the other in Causeway Bay.
The French multibrand sports retailer will bow its first Hong Kong stores in Mong Kok Grand Plaza Basement and Causeway Bay Park Lane, according to a post on Decathlon Hong Kong’s Facebook account.
While store specifics or dates have not been given, Decathlon Hong Kong said the openings would take place in August.
“Finally, your new sports stores open in August,” said a post on Facebook.
Decathlon first entered Hong Kong in 2015 with the launch of country-dedicated website and e-commerce platform.
In February 2017, the French group reported a 12% lift in revenues during 2016 (+4.4% on a like-for-like basis), reaching 10 billion euros, excluding taxes.
Earlier in the year, it launched sub-brands Itiwit — a paddle-board line, and Subea — an underwater sports brand, to bolster its current sporting goods offering
A recent report published by corporate finance advisory firm Capitalmind pinned the global sporting goods market at $388 billion in 2015, up 5%. The report said Intersport, Decathlon and Foot Locker currently dominate the sporting goods distribution market worldwide.
Questions & Answers
Q.What is Decathlon's timeline for entering the Hong Kong market?
What is Decathlon's timeline for entering the Hong Kong market?
Decathlon first entered Hong Kong in 2015 with the launch of a dedicated website and e-commerce platform. Its first physical stores are now scheduled to open in August this year, with two locations planned.
Q.Which other retailers dominate the global sporting goods distribution market alongside Decathlon?
Which other retailers dominate the global sporting goods distribution market alongside Decathlon?
According to a recent report by Capitalmind, Intersport and Foot Locker are the other major players dominating the global sporting goods distribution market. Decathlon is listed among these three leading retailers.
Q.What new sub-brands has Decathlon introduced recently to expand its product range?
What new sub-brands has Decathlon introduced recently to expand its product range?
Earlier this year, Decathlon launched two new sub-brands to bolster its offering. These include Itiwit, which is a paddle-board line, and Subea, which focuses on underwater sports equipment.
Q.What was Decathlon's reported revenue for 2016?
What was Decathlon's reported revenue for 2016?
The French group reported revenues of 10 billion euros in 2016, excluding taxes. This represented a 12% increase compared to the previous year, or 4.4% on a like-for-like basis.
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