This is a trade facing website. Visit the ACTís consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.
The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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15 Oct 2019

Sports Direct has voiced concerns about the dominance of Adidas and Nike and the high level of supplier power that they have in the sportswear industry.

14 Oct 2019

Chess lists the 7 top benefits of outsourcing IT during uncertain political times.

14 Oct 2019

The FCA have announced that on the 9th December 2019 the Approved Persons Regime will be replaced with the Senior Managers and Certification Regime.

10 Oct 2019

After hundreds of entrants, thousands of consumer votes and a panel of industry experts, the top 25 Best Small Shops in the UK are finally being announced!

9 Oct 2019

Mastercard have announced that from October 2019, Mastercard (and GlobalPayments) systems can support sending an authorisation request containing both the digital wallet and 3D Secure (3DS)...

8 Oct 2019

CyclingIndustry.News is seeking to compile a health report of the UK bike retail channel for the third year running.

7 Oct 2019

Why barbers, beauty salons, vape stores, cafes and tearooms, along with restaurants and bars have been so succesful over the last 3 years

4 Oct 2019

Cifas UK, the UK's largest fraud prevention organisation has informed us about a fraud trend that could impact your business.

2 Oct 2019

Social media continues to grow in popularity and now plays an essential role within the marketing of many businesses.

1 Oct 2019

The online tool encouraging sustainable travel in the workplace

Sports Direct calls for investigation of Nike-Adidas market dominance

Posted on in Business News ,Brands & Products News , Cycles News

Nike recently issued a statement announcing that they will be ceasing supplying independent retailers with Nike branded products within two years. Nike have said that this is due to the retailer sales methods no longer aligning with the US company's own strategy as it shifts its focus online.

A Nike spokesman said: "Nike continually evaluates the marketplace and competitive landscape to understand how we can best serve consumers. As part of this, from time to time we do make adjustments to our sales channels, in order to optimise distribution." 

Sports Direct, majority-owned and run by Mike Ashley, has voiced concerns about the dominance of Adidas and Nike and the high level of supplier power that they have in the sportswear industry. The company is suggesting a Europe-wide investigation into the sportswear industry and what can be done about the Nike- Adidas "extremely strong bargaining position".

There are also concerns that Adidas will follow suit; a source told the Sunday Times: "All those companies that built a business on the back of Nike and Adidas are toast - there's no way they can replace that [business]."

Driving footfall back to the high street

Concerns that major cycling brands may also begin following the Nike distribution decisions have already been voiced. Most brands already have efficient consumer-facing websites that are popular. A 2018 article evaluating the competitiveness of online and physical retailers stated that "The prices that consumer-direct brands are able to achieve are so drastic, it's throwing off the scale by which we evaluate bikes." A solution often preached to shops battling online prices is to become "more service-oriented", although this can fail to bring in the levels of revenue as selling products does.

The solution offered through the recent ACT and NearSt partnership allows LBDs to become more easily accessible by automatically connecting the products currently hidden within stores to the millions of local shoppers searching for them, in real-time, through a simple integration with the Point of Sale system. 

The aim of NearSt is to enables customers to quickly and easily find what they are looking for in-store, supporting local businesses and stemming the flow of business to the online retail giants.

For more information about NearSt and how it can help you boost footfall within your shop visit the ActSmart website.

 

 

 

 

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